New Case Number for CPC Sale and Transfer

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LTFRB MEMORANDUM CIRCULAR NO. 2009-034: New Case Number for CPC Sale and Transfer

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Title Source: Supreme Court: New Case Number for CPC Sale and Transfer

Law: Ltfrb Memorandum Circular No. 2009-034

Decision Date: Dec 21, 2009

The LTFRB mandates that all sales and transfers of Certificates of Public Convenience (CPC) must be assigned a new case number to prevent confusion and fraud, ensuring the integrity of the franchising system.

Procedural Requirement for Case Number Assignment

The old docket case number of the sold CPC or franchise must be replaced.
A new docket case number is to be affixed to the newly issued CPC or franchise pursuant to the sale and transfer approval.

Problems in Previous Practice

Current practice incorrectly reuses the same case number of the sold CPC or franchise even after cancellation.
This reuse causes confusion and fosters potential fraudulent transactions, with multiple parties potentially claiming the same franchise.
This practice undermines the integrity of the franchising system and creates administrative controversies.

Reference to Registrar of Deeds’ Practice on Torrens Title

Upon sale, the previous Torrens title is canceled.
A new Torrens title with a new title number is issued, referencing the original canceled title to maintain record continuity.

Board’s Decree on New Case Number Policy

Hereafter, CPCs or franchises sold must be assigned a new and separate docket case number upon application for approval of sale and transfer.
The old case number must be recorded in the first entry of the new docket for proper monitoring and reference.

Implementation and Compliance

This directive is mandatory for the Central Office and all Regional Offices of the LTFRB.
It applies to recording and reporting applications for approval of sale and transfer of franchises/CPCs.

Effectivity and Administrative Requirements

The Memorandum Circular takes effect fifteen (15) days after publication in a newspaper of general circulation in the Philippines.
Three copies of the Memorandum Circular are to be furnished to the UP Law Center pursuant to Presidential Memorandum Circular No. 11 (October 9, 1992).

END