Republic Acts1 min read
Section 21May 23, 2008, Sec./Art. 21
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A new section is hereby inserted after Section 14 of the same Act, to read as follows:
"SEC. 20. Implementing Rules and Regulations. - The Department of Trade and Industry, through the Bureau of Micro, Small and Medium Business Development in consultation with other concerned government agencies, nongovernment organizations and private sector involved in the promotion of MSMEs, shall formulate the implementing Rules and Regulations (IRR) necessary to implement the provisions of this Act within ninety (90) days from the approval of this Act. The IRR issued pursuant to this Section shall take effect thirty (30) days after publication in a national newspaper of general circulation."
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