Republic Acts1 min read
Section 15Sec./Art. 15
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Penalty Clause. Any grantee who fails to submit the annual report to Congress will be fined five hundred pesos (P500.00) per working day of noncompliance. Said fine shall be collected by the NTC from said delinquent franchise grantee separate from the reportorial penalties imposed by the NTC. The collected funds shall accrue to the monitoring fund of the NTC in line with its supervisory and regulatory functions.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.