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    Be It Enacted by The Senate and House of Representatives of The Philippines in Congress Assembled

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    Dexter Circa
    This document is a Republic Act that amends Republic Act No. 8101 to expand the area of operation of Edison C. Espinosa's radiotelephone franchise to establish coastal stations throughout the Philippines. It requires Espinosa to transfer ownership of the franchise to a corporation within 6 months and offer at least 30% of the corporation's stock publicly within 5 years. It also subjects the corporation to national taxes and requires any advantages given to it to also be extended to existing telecommunications franchises.

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    Be It Enacted by The Senate and House of Representatives of The Philippines in Congress Assembled

    Uploaded by

    Dexter Circa
    79 views2 pages
    This document is a Republic Act that amends Republic Act No. 8101 to expand the area of operation of Edison C. Espinosa's radiotelephone franchise to establish coastal stations throughout the Philippines. It requires Espinosa to transfer ownership of the franchise to a corporation within 6 months and offer at least 30% of the corporation's stock publicly within 5 years. It also subjects the corporation to national taxes and requires any advantages given to it to also be extended to existing telecommunications franchises.

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    Original Title

    RA 9283

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    This document is a Republic Act that amends Republic Act No. 8101 to expand the area of operation of Edison C. Espinosa's radiotelephone franchise to establish coastal stations throughout the Philippines. It requires Espinosa to transfer ownership of the franchise to a corporation within 6 months and offer at least 30% of the corporation's stock publicly within 5 years. It also subjects the corporation to national taxes and requires any advantages given to it to also be extended to existing telecommunications franchises.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    79 views2 pages

    Be It Enacted by The Senate and House of Representatives of The Philippines in Congress Assembled

    Uploaded by

    Dexter Circa
    This document is a Republic Act that amends Republic Act No. 8101 to expand the area of operation of Edison C. Espinosa's radiotelephone franchise to establish coastal stations throughout the Philippines. It requires Espinosa to transfer ownership of the franchise to a corporation within 6 months and offer at least 30% of the corporation's stock publicly within 5 years. It also subjects the corporation to national taxes and requires any advantages given to it to also be extended to existing telecommunications franchises.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Republic of the Philippines

    Congress of the Philippines


    Metro Manila
    Twelfth Congress
    Third Regular Session

    Begun and held in Metro Manila, on Monday, the twenty-eight day of July, two thousand three.
    Republic Act No. 9283

    April 1, 2004

    AN ACT EXPANDING THE AREA OF OPERATION OF THE FRANCHISE OF EDISON C.


    ESPINOSA, AMENDING FOR THE PURPOSE SECTION 1 OF REPUBLIC ACT NO. 8101 AND
    CONVERTING THE GRANTEE INTO A CORPORATION
    Be it enacted by the Senate and House of Representatives of the Philippines in Congress
    assembled:
    SECTION 1. Section 1 of Republic Act No. 8101 entitled, "An Act Granting Edison C. Espinosa A
    Franchise To Establish, Install, Operate And Maintain Public Radiotelephone Coastal Stations in
    Region VI To Be Based in Iloilo City and Bacolod City For The Transmission And Reception Of
    Radiotelephone Communications Within And Outside The Philippines," is hereby amended to
    read as follows:
    "SECTION 1. Nature and Scope of Franchise. - Subject to the provisions of the
    Constitution and applicable laws, rules and regulations, there is hereby granted to Edison
    C. Espinosa, hereunder referred to as the grantee, its successors or assigns a franchise
    to establish, install, operate and maintain for commercial purpose and in the public
    interest, public radiotelephone coastal stations in the Philippines for the transmission and
    reception of radiotelephone communications with vessels at sea within and outside of the
    Philippines."
    SEC. 2. Conversion to a Corporation. - The grantee shall transfer the ownership of the franchise
    to a corporation within six (6) months from the approval of this Act: Provided, That the grantee
    shall retain majority ownership thereof. Noncompliance therewith shall render the franchise ipso
    facto revoked.
    SEC. 3. Tax Provisions. - The grantee, its successors or assigns, shall be subject to the payment
    of all taxes, duties, fees or charges and other impositions under the National Internal Revenue
    Code (NIRC) of 1997, as amended, and other applicable laws: Provided, That nothing herein
    shall be construed as repealing any tax exemptions, incentives or privileges granted under any
    relevant law: Provided, further, That all rights, privileges, benefits and exemptions accorded to
    existing and future telecommunications franchises shall likewise be extended to the grantee.
    The grantee shall file the return with the city or province where its principal office is located and
    pay the taxes due thereon to the Commission of Internal Revenue or his duly authorized
    representatives in accordance with the NIRC and the return shall be subject to audit by the
    Bureau of Internal Revenue.

    SEC. 4. Dispersal of Ownership. - In accordance with the constitutional provision to encourage


    the public participation in public utilities, the grantee shall offer at least thirty percentum (30%) of
    its outstanding capital stock or a higher percentage that may hereafter be provided by law in any
    securities exchange in the Philippines within five (5) years from the commencement of its
    operations as a corporation. Noncompliance therewith shall render the franchise ipso
    facto revoked.
    SEC. 5. Equality Clause. - Any advantage, favor, privilege, exemption, or immunity granted under
    existing franchises, or may hereafter be granted, shall ipso facto become part of this franchise
    shall be accorded immediately and unconditionally to the herein grantee: Provided, however, That
    the foregoing shall neither apply to nor affect provisions of telecommunications franchises
    concerning territory covered by the franchise, the life span, or the type of service authorized by
    the franchise.
    SEC. 6. Effectivity Clause. - This Act shall take effect fifteen (15) days from the date of its
    publication, upon the initiative of the grantee, in at least two (2) papers of general circulation in
    the Philippines.

    Approved,

    FRANKLIN DRILON
    President of the Senate

    JOSE DE VENECIA JR.


    Speaker of the House of Representatives

    This Act which originated in the House of Representatives was finally passed by the House of
    Representatives and the Senate on January 21, 2004 and December 8, 2003, respectively.

    OSCAR G. YABES
    Secretary of Senate

    ROBERTO P. NAZARENO
    Secretary General
    House of Represenatives

    Approved: April 1, 2004


    GLORIA MACAPAGAL-ARROYO
    President of the Philippines

    Lapsed into law on April 01, 2004


    Without the signature of the President,
    In accordance with Article VI,
    Section 27 (1) of the Constitution

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