LTFRB Memorandum Circular No. 2005-041
PENALTY FOR LATE CONFIRMATION
(NAR) VOL. 16 NO. 4 / OCTOBER - DECEMBER 2005
[ LTFRB MEMORANDUM CIRCULAR NO. 2005-041, November 18, 2005 ]
PENALTY FOR LATE CONFIRMATION
It has been observed by the Board after conducting an internal audit that a substantial number of grantees of Certificates of Public Convenience are filed for confirmation beyond the period prescribed for registration. In view thereof, the penalty of P250.00 per week shall be imposed for those who belatedly file their confirmation. This Memorandum Circular supersedes any and all issuances inconsistent herewith, and takes effect immediately.
SO ORDERED.
Adopted: 18 Nov. 2005
(SGD.) MARIA ELENA H. BAUTISTA Chairperson
(SGD.) GERARDO A. PINILI (SGD.) MA. ELLEN DIRIGE-CABATU Board Member Board Member