Mandates from Existing Executive Orders
- Executive Order No. 428 mandates all government agencies, including government-owned and controlled corporations, to simplify rules and reduce reportorial requirements to facilitate business operations and encourage investment.
- Executive Order No. 557 creates an Anti-Red Tape Task Force, chaired by the DTI Secretary, aimed at streamlining government processes and lowering business costs.
Amendments to Documentary and Procedural Requirements
- Section 6(a), Rule II of the Department of Trade Administrative Order (DTAO) No. 80 series of 1982, as amended by DAO No. 15 series of 1990, requiring applicants to submit two passport-sized pictures, is deleted.
- This deletion signifies the removal of redundant documentary requirements as part of efforts to simplify registration procedures.
Automatic Cancellation of Expired Business Names
- Section 12 of DTAO No. 80 series of 1982, as amended, is revised to provide that any person or entity whose registered business or firm name has expired and who fails to renew the registration within six months from its expiration date shall have the name automatically cancelled from the official records.
- This provision enforces compliance with renewal requirements and prevents the prolonged use of expired business names.
Implementation and Effectivity
- The Order takes effect fifteen (15) days after its publication in two newspapers of general circulation.
- The effective date allows the public and stakeholders to be informed and comply with the new provisions.
Legal Concepts and Enforcement
- The amendments align with the Business Name Law by further streamlining administrative procedures while maintaining regulatory oversight.
- The DTI and its bureaus retain enforcement jurisdiction over business name registration and renewal.
- Penalties for non-compliance include the automatic cancellation of expired business names, promoting orderly business conduct and record keeping.