Law Summary
Penalty for Late Filing and Non-Compliance
- Failure to file the Annual Report on time results in a penalty of Five Hundred Pesos (P500.00), according to DOTC Department Order 2001-82.
- If an operator pays the penalty but still does not file the Annual Report, their unit(s) will not be confirmed for registration purposes.
- Confirmation for registration is withheld until the required Annual Report is actually filed.
Background and Purpose of the Circular
- The Board previously issued Memorandum Circular 92-003 on 22 May 1992, increasing penalties to ensure compliance.
- Despite the penalty, many operators chose to pay the fine instead of filing reports, defeating the purpose of timely reporting.
- This Circular reiterates the regulation and strengthens enforcement for compliance.
Legal Authority and Modification of Previous Issuances
- The Circular is issued pursuant to the regulatory powers vested in the Board.
- It modifies or supersedes inconsistent provisions or prior issuances regarding Annual Report filing.
Effectivity and Compliance Procedure
- This Circular took effect fifteen (15) days after filing three (3) copies with the UP Law Center.
- This step is pursuant to Presidential Memorandum Circular No. 11 dated 09 October 1992.
Signatories and Adoption
- The Circular was adopted on 30 September 2004.
- Signed by Maria Elena H. Bautista, Chairperson, and Felix S. Racadio, Board Member.