VRB MEMORANDUM CIRCULAR NO. 2002-004, June 10, 2002
REDUCED REQUIREMENT OF 300 PIECES INVENTORY OF COPYRIGHTED VIDEOGRAMS WITH VRB RATING LABELS FOR NEW APPLICANTS FOR VIDEOGRAM RETAILERS
National Administrative Register June 10, 2002
Please be informed that Board Resolution No. 02-05-35 dated May 27, 2002 was passed by the Board of Directors during its regular meeting, to wit:
“RESOLVED, as it is hereby resolved, that the requirement of 500 pieces of inventory of copyrighted videograms with VRB rating labels/holograms for new applicants for videogram retailers is reduced to 300 pieces of copyrighted videograms with VRB rating labels/holograms to encourage legitimization of videogram retail outlets.
This Board Resolution hereby amends Memorandum Circular No. 95-0008 and Board Resolution No. 95-05-78.”
For your information and guidance.
Adopted: 10 June 2002
(SGD.) ATTY. LUALHATI R. BUENAFE, CESO II
Chairperson and Chief Executive Officer