Guide to the Magna Carta for Micro Small and Medium Enterprises

Department Administrative Order No. 9Series of 2008.RULES AND REGULATIONS TO IMPLEMENTREPUBLIC ACT NO. 6977, AS AMENDED BY REPUBLIC ACT NO. 8289,AND FURTHER AMENDED BY REPUBLIC ACT NO. 9501 OTHERWISEKNOWN AS THE AMENDED “MAGNA CARTA FOR MICRO, SMALLAND MEDIUM ENTERPRISES”Pursuant to Section 21 of Republic Act 9501, the following rules and regulationsimplementing the Magna Carta for MSMEs are hereby prescribed, adoptedand promulgated for the guidance of all concerned to carry out the provisionsthereof.Rule 1Preliminary Provisions on Title and Construction and InterpretationSECTION 1. Title. These Rules shall be referred to as the “ImplementingRules and Regulations for Republic Act 6977, as amended by RA 8289 andfurther amended by RA 9501 and for brevity, it may be referred to as the IRRon the Magna Carta for MSMEs.Sec. 2. Construction and Interpretation. These Rules shall be interpreted,construed and carried out the intents and purposes of the Declaration ofPolicy of RA 6977, as amended, and further amended by RA 9501 and whichshall be made an integral section thereto.Rule 2Declaration of Policy and other General Policy StatementsSECTION 1. Declaration of Policy. It is hereby declared the policy of theState to promote, support, strengthen and encourage the growth anddevelopment of Micro, Small and Medium Enterprises (MSMEs) in allproductive sectors of the economy particularly rural/agri-based enterprises.19