Supreme Court E-Library
Information At Your Fingertips


  View printer friendly version

(NAR) VOL. 16 NO. 4 / OCTOBER - DECEMBER 2005

[ LTFRB MEMORANDUM CIRCULAR NO. 2005-047, December 02, 2005 ]

PROHIBITION OF SIMULTANEOUS FILING OF SALE AND TRANSFER AND DROPPING AND SUBSTITUTION



In order to avoid commercialization of franchises and circumvention of Memorandum Circulars 2003-004, Re: CLARIFICATION ON MEMORANDUM CIRCULAR NO. 97-005 WITH RESPECT TO PETITIONS FOR SALE AND TRANSFER, the Board hereby prohibits the simultaneous filing of Sale and Transfer and Dropping and Substitution, except in the following situations:

    1. Compliance with MC 2004-030, Re: Substitution of Taxi and Mega Taxi Units; and
    2. In case the authorized unit/s which was sold was/were carnapped or suffered a major mechanical breakdown rendering the unit unserviceable.

This Memorandum Circular supersedes any and all issuances inconsistent herewith, and takes effect immediately.

SO ORDERED.

Adopted: 02 Dec. 2005

(SGD.) MARIA ELENA H. BAUTISTA
Chairperson

(SGD.) MA. ELLEN DIRIGE-CABATU
Board Member

© Supreme Court E-Library 2019
This website was designed and developed, and is maintained, by the E-Library Technical Staff in collaboration with the Management Information Systems Office.