Guide to the Magna Carta for Micro Small and Medium Enterprises

ii. Streamline registration process and facilitate speedyregistration for the establishment of business enterprisesin the country;iii. Provide all information and referral services it shalldeem necessary or essential to the development andpromotion of MSMEs;iv. Conduct other programs or projects for entrepreneurialdevelopment in their respective areas; andv. Provide courses and development programs, training,advice, consultation on business conceptualization andfeasibility, financing, management, capacity building,human resources, marketing, and such other servicesto support the needs of MSMEs;g) To submit to the President and the Congress through theOversight Committee as defined under this Act, a yearly reporton the status of MSMEs in the country, including the progressand impact of all relevant government policies, programs andlegislation as well as private sector activities;h) To coordinate, monitor and assess the implementation ofthe MSMEDP, and when necessary, institute appropriateadjustments thereon in the light of changing conditions inboth domestic and international environment; andi) Generally, to exercise all powers and functions necessaryfor the objectives and purposes of this Act.(RA 9501 through Sec. 9 amended Section 8 of RA 6977 as amended byRA 8289 and renumbered it as Section 7-B)SEC. 8. Designation of the Bureau of Micro, Small and MediumEnterprise Development as Council Secretariat. — The Bureau of Small andMedium Business Development (BSMBD) hereinafter referred to as the Bureauof Micro, Small and Medium Enterprise Development (BMSMED) is herebydesignated to act as the Council Secretariat and shall have the followingduties and functions:1) to prepare, in coordination with local government units andor associations of local government officials, and recommendannual as well as medium-term small and medium enterprisedevelopment plans for approval of the Council;10