Reporting and Transparency Requirements
- Authorized entities may be required to submit verified reports detailing their activities periodically.
- Reports must include collections, expenditures, names and addresses of contributors, and beneficiaries.
- These reports shall be accessible for public inspection to ensure transparency.
- The Director or authorized representatives have the authority to investigate financial records and activities related to the solicitation of contributions.
- Organizations with fund-raising campaigns authorized by executive proclamation are exempted from permit requirements.
Penalties for Violations
- Violators may face imprisonment for up to six months or a fine of up to two hundred pesos, or both at the court's discretion.
- For corporations, organizations, or associations found guilty, penalties apply to responsible officers personally.
Effectivity
- The provisions of this Act take effect immediately upon approval.