Statement of Ownership (sc 13g)
August 08 2017 - 1:28PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
Under
the Securities Exchange Act of 1934
DUO
WORLD, INC.
(Name
of Issuer)
Common
Stock, $.001 Par Value
(Title
of Class of Securities)
266037
100
(CUSIP
Number)
December
31, 2016
(Date
of Event Which Requires Filing of this Statement)
Check
the appropriate box to designate the rule pursuant to which this Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule
13d-1(d)
The
remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in
a prior cover page.
The
information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section
18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the Notes).
Persons
who respond to the collection of information contained in this form are not required to respond unless the form displays a currently
valid OMB control number.
CUSIP
No.: 266037 100
|
|
13G
|
|
|
1
|
NAMES
OF REPORTING PERSONS
Peter J. Smith
/Global Equity International, Inc.
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): Voluntarily withheld
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
[ ]
(b)
[
X
]
|
3
|
SEC
USE ONLY
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
Kingdom
|
|
|
|
NUMBER
OF SHARES BENE-
FICIALLY OWNED BY EACH
REPORTING
PERSON WITH:
|
5
|
SOLE
VOTING POWER
|
4,748,233 (1) (2)
|
|
|
|
6
|
SHARED VOTING POWER
|
-0-
|
|
|
|
7
|
SOLE DISPOSITIVE POWER
|
4,748,233
(1) (2)
|
|
|
|
8
|
SHARED
DISPOSITIVE POWER
|
-0-
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,748,233
(1) (2)
|
|
|
10
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See
Instructions) [ ]
|
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11).
11.9
% of Common Stock (1) (2)
|
|
|
12
|
TYPE
OF REPORTING PERSON (See Instructions)
IN
|
|
(1)
|
These
4,748,233 shares of common stock are held of record by Global Equity International,
Inc. Peter J. Smith, President and Chief Executive Officer of Global Equity International,
Inc., has sole voting and dispositive power over such shares.
|
|
(2)
|
Includes 3,382,233 shares of
common stock registered in the name of Global Equity International, Inc., whose President
and Chief Executive Officer, Peter J. Smith, has voting and dispositive power over such
shares. This total number of 4,748,233 shares also includes 136,600 shares of Series
A Preferred Stock, registered in the name of Global Equity International, Inc., which
shares are also beneficially owned by Peter J. Smith, as President and Chief Executive
Officer of Global Equity International, Inc.. who has voting and dispositive power of
such shares. Each share of Series A Preferred Stock is convertible into 10 shares of
common stock. For purposes of Rule 13d-3, these 136,600 shares of Series A Preferred
Stock equate to 1,366,000 shares of common stock. These 1,366,000 shares are included
in both the numerator and denominator for purposes of calculating beneficial ownership
in the Issuer’s common stock.
|
13G
Item
1.
Duo
World, Inc.
|
(b)
|
Address of Issuer’s Principal Executive
Offices
|
c/o
Duo Software (Pvt.) Ltd., No. 403 Galle Road, Colombo 03, Sri Lanka.
Item
2.
|
(a)
|
Name of Person Filing
|
Peter J. Smith as President
and Chief Executive Officer of Global Equity International, Inc., which is the registered owner of the shares covered by this
Schedule 13G.
|
(b)
|
Address of Principal
Business Office or, if none, Residence
|
X3
Jumeirah Bay
Office
3305
Jumeirah
Lake Towers
Dubai,
UAE
Mr.
Smith is a citizen of the United Kingdom.
Global Equity International, Inc. is a Nevada corporation.
|
(d)
|
Title of Class of Securities
|
Common
Stock, $.001 par value
266037
100
13G
Item
3.
|
If this statement is filed pursuant to section 240.13d-1(b) or 240.13d-2(b) or (c), check
whether the person filing is a:
[Not applicable to the Reporting Person]
|
(a)
|
[ ]
Broker
or dealer registered under section 15 of the Act (15 U.S.C. 78o).
|
(b)
|
[ ]
Bank
as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
|
(c)
|
[ ]
Insurance
company as defined in section 3(a)19 of the Act (15 U.S.C. 78c).
|
|
|
(d)
|
[ ]
Investment
company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
|
|
|
(e)
|
[ ]
An
investment advisor in accordance with section 240.13d-1(b)(1)(ii)(E).
|
|
|
(f)
|
[ ] An
employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F).
|
|
|
(g)
|
[ ] A
parent holding company or control person in accordance with section 240.13d-1(b)(1)(ii)(G).
|
|
|
(h)
|
[ ] A
savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
|
|
|
(i)
|
[ ]
A
church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company
Act of 1940 (15 U.S.C. 80a-3).
|
|
|
(j)
|
[ ]
Group,
in accordance with section 240.13d-1(b)(1)(ii)(J).
|
|
(a)
|
Amount beneficially
owned.
|
|
|
|
|
|
See item 9 on
Cover Page to this Schedule 13G.
|
|
|
|
|
(b)
|
Percent of class:
|
|
|
|
|
|
11.9%
|
|
(c)
|
Number of shares
as to which such person has:
|
|
(i)
|
Sole power to
vote or to direct the vote
|
|
|
|
|
|
See items 5
and 7 on Cover Page to this Schedule 13G.
|
|
|
|
|
(ii)
|
Shared power
to vote or to direct the vote
|
|
|
|
|
|
None.
|
|
(iii)
|
Sole power to
dispose or to direct the disposition of
|
|
|
|
|
|
See items 5 and 7 on Cover Page to this Schedule 13G.
|
|
|
|
|
(iv)
|
Shared power
to dispose or to direct the disposition of
|
|
|
|
|
|
None.
|
13G
Item
5.
|
Ownership
of Five Percent or Less of a Class
|
|
|
|
Not
applicable to the Reporting Person.
|
|
|
Item
6.
|
Ownership
of More than Five Percent on Behalf of Another Person
|
|
|
|
Not
applicable to the Reporting Person.
|
|
|
Item
7.
|
Identification
and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company
|
|
|
|
Global
Equity Partners Plc, a wholly-owned subsidiary of Global Equity International, Inc., originally acquired the shares from the
Issuer as consideration for consulting services rendered. The shares were subsequently assigned for no consideration to another
wholly-owned subsidiary of Global Equity International, Inc., named GEP Equity Holdings Ltd., who subsequently assigned the
shares for no consideration to Global Equity International, Inc. The shares are now registered in the name of Global Equity
International, Inc.
|
|
|
Item
8.
|
Identification
and Classification of Members of the Group
|
|
|
|
Not
applicable.
|
|
|
Item
9.
|
Notice
of Dissolution of Group
|
|
|
|
Not
applicable as there is no group involved.
|
|
|
Item
10.
|
Certification
|
|
|
|
Not
applicable to either Reporting Person.
|
Special
Note:
Please
direct any questions you may have about this filing to our special counsel, David E. Wise, Esq., WiseLaw, P.C., 9901 IH-10 West,
Suite 800, San Antonio, Texas 78230. Tel.: (210) 323-6074.
SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: August 8, 2017
|
|
|
|
|
/s/
Peter J. Smith
|
|
Signature
|
|
|
|
Peter
J. Smith
|
|
Name
|
|
|
|
An Individual and President and Chief Executive
Officer of Global Equity International, Inc.
|
Duo World (CE) (USOTC:DUUO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Duo World (CE) (USOTC:DUUO)
Historical Stock Chart
From Apr 2023 to Apr 2024