QuestionsQuestions (Republic Act No. 5351)
The franchise is granted for a period of twenty-five years from the approval of the Act.
The franchise authorizes the construction, maintenance, and commercial operation of radio and television broadcasting stations in the Philippines.
The grantee must start operation of at least one radio broadcasting station or one television station within one and a half years from the approval of the franchise.
Failure to comply with the requirement to start operations within one and a half years may ipso facto cancel and void the franchise.
No, the grantee shall not lease, transfer, sell, assign, or grant the usufruct of the franchise or rights thereunder without the approval of the Congress of the Philippines.
No, merging with any other company or corporation organized for the same purpose requires prior approval from Congress.
The entity shall be subject to the corporation laws of the Philippines and all the conditions, terms, restrictions, and limitations of the franchise as if the franchise had been originally granted to it.
Sections thirteen and fourteen of Republic Act No. 513, as amended, are repealed by this Act.
The amended title is 'An Act granting the Republic Broadcasting System a franchise to construct, maintain and operate stations for television and radio broadcasting in the Philippines and radio stations for international and domestic telecommunications.'
This Act took effect upon its approval on June 15, 1968, and was enacted without Executive approval.