LTFRB MEMORANDUM CIRCULAR NO. 2004-031

: The main purpose is to reiterate the requirement for all public service operators to file their Annual Reports with the LTFRB or its Regional Offices by March 1 of every year to ensure compliance and proper regulatory monitoring.
: Memorandum Circular 92-003, issued on May 22, 1992, which increased the penalty for non-submission of Annual Reports.
: Operators must file their Annual Reports on or before the first day of March of every year.
: Operators engaged in more than one denomination of public service must file a separate Annual Report for each denomination.
: A penalty of Five Hundred Pesos (P500.00) shall be imposed as stated in the circular, in consonance with DOTC Department Order 2001-82.
: No, units of an operator who pays the penalty but fails to file the required Annual Report shall not be confirmed for registration until the Annual Report is filed.
: DOTC Department Order 2001-82, dated August 31, 2001, is referenced regarding the revised fees and charges.
: All other issuances or parts thereof which are inconsistent with the 2004 Circular are modified or superseded accordingly.
: It took effect fifteen (15) days following the filing of three (3) copies of the circular with the UP Law Center, pursuant to Presidential Memorandum Circular No. 11, dated October 9, 1992.