Title
Supreme Court
Amendment: Requirements for Metro Manila PUB, PUJ, Taxi Operators
Law
Ltfrb Memorandum Circular No. 90-006
Decision Date
Mar 6, 1990
The LTFRB's March 6, 1990 memorandum circular allows applicants for Metro Manila public utility vehicles to temporarily submit either proof of financial capacity or insurance coverage, easing compliance with previous requirements.

Law Summary

Flexibility in Submission of Proofs Due to Compliance Difficulties

  • The amendment is prompted by difficulties applicants face complying with requirement No. 4 related to insurance coverage.
  • Until further notice and pending discussions with the Insurance Commission, applicants may submit alternative proofs of financial capacity.

Permitted Alternative Proofs of Financial Capacity

  • Applicants can submit one of the following as proof instead of the insurance coverage specifically required:
    • Transfer Certificate of Title (TCT)
    • Bank books
    • Income Tax Returns (ITR)
    • Sworn Statement of Assets and Liabilities

Temporary Nature and Immediate Effect

  • This amendment is temporary and remains in effect until further notice is given.
  • The memorandum circular takes effect immediately upon adoption.

Official Adoption and Signatories

  • The amendment was adopted on March 6, 1990.
  • The signatories include Remedios A. Salazar-Fernando (Chairman), Dante M. Lantin (Board Member), and Nicolas B. Acacio, Jr. (Assistant Secretary and Acting Board Member).

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