(NAR) VOL. 14 NOS. 3-4 / JULY-DECEMBER 2003
It is also directed that the aforesaid information shall be included in the Formal Offer of Evidence of the applicant. As to existing operators, they are directed to comply with this Memorandum Circular within a period of ninety (90) days from date of effectivity of this Memorandum Circular and submit same to the Management Information Division.
Failure to comply with any of the requirements of this Memorandum Circular, the Board shall impose the following penalties:
Applicant: Immediate denial of application.
Existing Operators:First Offense - Fine of Three Thousand (P3,000.00) Pesos
Second Offense - Fine of Five Thousand (P5,000.00) Pesos
Third Offense - Suspension and/or Revocation of CPC
This Memorandum Circular supersedes any and all issuances inconsistent herewith.
This Memorandum Circular shall take effect fifteen (15) days following its publication in the Official Gazette or in a newspaper of general circulation or by filing of three (3) copies of the same with the U.P. Law Center pursuant to Presidential Memorandum Circular No. 11, dated October 9, 1992.
Adopted: 19 Nov. 2003
(SGD.) MARIA ELENA H. BAUTISTA Chairperson | |
(SGD.) FELIX S. RACADIO Board Member | (SGD.) REMEDIOS G. BELLEZA Board Member |