AMENDMENT TO MEMORANDUM CIRCULAR NO. 90-002 MINIMIZING REQUIREMENTS FOR METRO MANILA PUB, PUJ AND TAXI OPERATIONS
National Administrative Register [ LTFRB MEMORANDUM CIRCULAR NO. 90-006, March 06, 1990 ]
Due to the problems applicants are currently encountering with
respect to compliance with requirement No. 4 of Memorandum Circular No.
90-002 and pending discussion of the said requirement with the Insurance
Commission, the applicant, for the time being and until further notice,
may either submit proofs of financial capacity ( TCT’s bank books,
ITR’s, Sworn Statement of Assets and Liabilities, etc.) or the insurance
coverage as required in No. 4 of MC 90-002.
respect to compliance with requirement No. 4 of Memorandum Circular No.
90-002 and pending discussion of the said requirement with the Insurance
Commission, the applicant, for the time being and until further notice,
may either submit proofs of financial capacity ( TCT’s bank books,
ITR’s, Sworn Statement of Assets and Liabilities, etc.) or the insurance
coverage as required in No. 4 of MC 90-002.
This Memorandum Circular takes effect immediately.
Adopted: 6 March 1990
|
(SGD.) REMEDIOS A. SALAZAR-FERNANDO
Chairman |
|
|
(SGD.) DANTE M. LANTIN
Board Member |
(SGD.) NICOLAS B. ACACIO. JR.
Assistant Secretary/ and Acting Board Member |