VRB MEMORANDUM CIRCULAR NO. 05-88-C, March 22, 1988

[ VRB MEMORANDUM CIRCULAR NO. 05-88-C, March 22, 1988 ]

Guidelines for Licensing of Distributors

In compliance with Memo Order No. 08 dated 21 March 1988, following are the VRB’s guidelines for the licensing of distributors and the renewal thereof: An applicant:

1. must be a Filipino citizen, or at least 60% Filipino owned in the case of a corporation or partnership;

2. must not have been previously convicted for violation of P.D. 1987 or its implementing Rules;

3. must accomplish an application form and comply with the requirements therein stated;

4. must pay registration fee of P500.00. Such fee is non-refundable in case the application is denied;

5. must present a contract with any licensed videogram distributor or dealer, or a duly authenticated document showing that the applicant is duly authorized retailer of videograms over which said distributor or dealer or has acquired the homeviewing distribution or dealership rights; and

6. must pay a yearly license fee of P500.00

Please be guided accordingly.

Adopted: 22 March 1988

(SGD.) EDUARDO O. CARRASCOSO

Chairman and Chief Executive Officer