Guide to the Magna Carta for Micro Small and Medium Enterprises

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Section 4. Effectivity. This Circular shall take effect fifteen (15) daysfollowing its publication either in the Official Gazette or in a newspaper ofgeneral circulation.FOR THE MONETARY BOARD:14 October 2008Att. A/S(Sgd.) NESTOR A. ESPENILLA, JR.Officer-in-Charge59
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Guide to theMagna Carta for Micro,
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TABLE OF CONTENTSPrefacePageMagna C
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“i) assuring a balanced and susta
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SEC. 5. Guiding Principles. — To
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SEC. 7-A. Composition. — The Coun
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h) To promote the productivity and
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ii. Streamline registration process
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programs to assist MSMEs in all are
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) actual subscription of preferred
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Penalties on noncompliance shall be
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The State recognizes that MSMEs hav
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financial institutions to open cred
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to the Executive Committee of the s
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Rule 5Guiding PrinciplesSECTION. 1.
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Rule 7Micro, Small and Medium Enter
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especially when such agency or priv
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Sec. 3. Coordination and Integratio
Page 80: Sec. 9. Promotion of Productivity a
Page 84: groups. The MSMEDC shall also ident
Page 88: the gender responsiveness framework
Page 92: to assist MSMEs in all areas, inclu
Page 96: and currently enjoyed by employees
Page 100: from government owned or controlled
Page 104: period of time, to ensure that appr
Page 108: Representatives who shall be nomina
Page 112: shall have the option to convert th
Page 116: Bangko Sentral ng PilipinasOFFICE O
Page 120: of previous quarter, and make it av
Page 124: c) Alternative compliance for eithe
Page 128: “Subsection X365.5. Incentives to
Page 134: Consolidated report MSME61
Page 142: 65Schedule 1A-2
Page 158: S. No. 1646H. No. 1754Republic of t
Page 162: micro : not more than P3,000,000sma
Page 166: Sentral ng Pilipinas, through their
Page 170: SEC. 9. Section 8 of the same Act,
Page 174: guarantee cover on loans for the bo
Page 178: SEC. 10. Section 9 of the same Act,
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accordance to its own bylaws and Ba
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een issued, including those issued
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enforcement and other proceedings,
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Approved,(Sgd.) PROSPERO C. NOGRALE
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number of employees, equity capital
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and provincial offices, shall to th
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“The Department of Trade and Indu
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secondary mortgage and/or rediscoun
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Medium Enterprise Development Counc
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(g) by raising government efficienc
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associations at the local and regio
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Sec. 8. Powers and Functions. — T
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(8) provision of bankruptcy prevent
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conditions adopted by its Board. It
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Sec. 16. Repealing Clause. — All
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Guide to the Magna Carta for Micro Small and Medium Enterprises

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