A General Information Sheet (GIS) is a document that is required by the Revised Corporation Code (RCC, Republic Act No. 11232) to be submitted by corporations to the Securities and Exchange
The GIS provides a snapshot of the company’s current status, including the names and addresses of its stockholders. However, it is important to note that a GIS is not a conclusive evidence of being a stockholder.
In that case, David and Jose Lao filed a petition with the SEC against Dionisio Lao, president of Pacific Foundry Shop Corp praying, among others, that they be declared as stockholders and directors of PFSC. The minutes of the annual stockholders meeting of PFSC likewise showed that David and Jose were present at the meeting. It is also indicated therein that David occupied various key positions in PFSC from 1987 to 1998 and that Jose served as director in PFSC from 1990-1998. The minutes were signed by the officers of PFSC, including David and Jose.
2.) David and Jose failed to present any deed of assignment or sale instrument. over the shares they claim to own. They claimed to have purchased the same from Dionisio Lao but there was no deed of assignment or similar instrument covering their purchase of the shares; and Finally, the Supreme Court declared that the mere inclusion of David and Jose as shareholder in the GIS of PFSC is insufficient proof that they are shareholders of the company.
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