Guide to the Magna Carta for Micro Small and Medium Enterprises

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Approved,(Sgd.) PROSPERO C. NOGRALES (Sgd.) MANNY VILLARSpeaker of the House of President of the SenateRepresentativesThis Act which is a consolidation of Senate Bill No. 1646 and HouseBill No. 1754 was finally passed by the Senate and the House ofRepresentatives on March 3, 2008 and February 27, 2008, respectively.(Sgd.) MARILYN B. BARUA-YAPSecretary GeneralHouse of Representatives(Sgd.) EMMA LIRIO-REYESSecretary of SenateApproved: May 23, 2008(Sgd.) GLORIA MACAPAGAL-ARROYOPresident of the Philippines91
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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
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Sec. 9. Promotion of Productivity a
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groups. The MSMEDC shall also ident
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the gender responsiveness framework
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to assist MSMEs in all areas, inclu
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and currently enjoyed by employees
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from government owned or controlled
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period of time, to ensure that appr
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Representatives who shall be nomina
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shall have the option to convert th
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Bangko Sentral ng PilipinasOFFICE O
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of previous quarter, and make it av
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c) Alternative compliance for eithe
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“Subsection X365.5. Incentives to
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60MSME Report
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62Main Report
Page 152: 70Schedule 2
Page 160: “a) intensifying and expanding pr
Page 164: “d) it must not be a branch, subs
Page 168: ‘b) Secretary of the Interior and
Page 172: “h) To promote the productivity a
Page 176: “f) Set-up new MSME centers and r
Page 180: SEC. 14. A new sub-section is inser
Page 184: “b) To extend all forms of financ
Page 188: for micro and small enterprises and
Page 192: “The COC-MSMED shall set the guid
Page 198: number of employees, equity capital
Page 202: and provincial offices, shall to th
Page 206: “The Department of Trade and Indu
Page 210: secondary mortgage and/or rediscoun
Page 214: Medium Enterprise Development Counc
Page 218: (g) by raising government efficienc
Page 222: associations at the local and regio
Page 226: Sec. 8. Powers and Functions. — T
Page 230: (8) provision of bankruptcy prevent
Page 234: conditions adopted by its Board. It
Page 238: Sec. 16. Repealing Clause. — All
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Guide to the Magna Carta for Micro Small and Medium Enterprises

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