The Securities and Exchange Commission has cancelled the certificate of registration of Northern Islands Co. Inc., after the corporate life of the sole distributor of popular 3-D home appliances in the country expired on Aug. 6, 2007.

Northern Islands was registered on Aug. 6, 1957 for a corporate term of 50 years.

The SEC earlier approved an extension of Northern Islands? corporate life based on a set of amended articles of incorporation submitted by the company on Feb. 19, 2008. The corporate watchdog approved the extension on March 17, 2008, with the SEC?s company registration and monitoring department issuing a certificate extending the term of the company by another 50 years.

However, on Aug. 15, 2008, stockholder 3-D Industries Inc. filed a petition for the revocation and cancellation of Northern Islands? amended articles of incorporation. 3-D Industries claimed that a corporation whose corporate life had expired could no longer be extended. The petitioner alleged that there were irregularities committed by Northern Islands in complying with the requirements for amendment.

The petitioner alleged that it had not received a notice of stockholders? meeting from Northern Islands. It added that no stockholders? meeting was held for the purpose of amending the articles of incorporation.

The petitioner alleged that the venue for the stockholders? meeting as claimed by Northern Islands was outside the company?s principal office and that Dante Gil, the lawyer who notarized the document, was not a duly commissioned notary public.

Northern Islands opposed the petition, saying that that the earlier SEC approval could no longer be revoked for lack of jurisdiction and substantial interest on the part of the petitioner.

Northern Islands also accused 3-D Industries of forum shopping, citing an earlier petition it filed with the Office of the General Counsel.