Designating the Department of Commerce and Industry to Wind Upthe Affairs ofthe Board of Industries
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Designating the Department of Commerce and Industry to Wind Upthe Affairs ofthe Board of Industries
Executive Order No. 373
February 8, 1972
Case Overview and Summary
Summary of Executive Order No. 373Designation of the Department of Commerce and Industry to Wind Up the Affairs of the Board of Industries
- The Board of Industries expired on December 31, 1971 under Republic Act No. 3127, as amended. (Basis: Whereas clause 1)
- There is an urgent need to designate a government agency to undertake the winding up operations of the Board of Industries. (Basis: Whereas clause 2)
- The Board of Liquidators suggested that the Department of Commerce and Industry is the proper agency to take charge of winding up the affairs of the Board of Industries. (Basis: Whereas clause 3)
- The Department of Commerce and Industry is designated and ordered to wind up the affairs of the Board of Industries within a period not exceeding six (6) months from December 31, 1971. (Basis: Operative clause)
Amends
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Executive Issuances
Executive Orders
Board of Industries
Department of Commerce and Industry
winding up operations
Republic Act No. 3127
Board of Liquidators
six months
December 31, 1971
Law
Designating the Department of Commerce and Industry to Wind Upthe Affairs ofthe Board of Industries
Executive Order No. 373
•February 8, 1972
EXECUTIVE ORDER NO. 373 February 8, 1972
DESIGNATING THE DEPARTMENT OF COMMERCE AND INDUSTRY TO WIND UP THE AFFAIRS OF THE BOARD OF INDUSTRIES
WHEREAS, under Republic Act No. 3127, as amended, the Board of Industries expired on December 31, 1971;
WHEREAS, there is an urgent need to designate one government agency to undertake the winding up operations of said office;
WHEREAS, the Board of Liquidators has suggested that the proper agency that can well take charge of winding up the affairs of the Board of Industries would be the Department of Commerce and Industry;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by law, do hereby designate and order the Department of Commerce and Industry to wind up the affairs of the Board of Industries within a period not exceeding six (6) months from December 31, 1971.
Done in the City of Manila, this 8th day of February, in the year of Our Lord, nineteen hundred and seventy-two.
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Executive Orders
Board of Industries
Department of Commerce and Industry
winding up operations
Republic Act No. 3127
Board of Liquidators
six months
December 31, 1971
EXECUTIVE ORDER NO. 373 February 8, 1972
DESIGNATING THE DEPARTMENT OF COMMERCE AND INDUSTRY TO WIND UP THE AFFAIRS OF THE BOARD OF INDUSTRIES
WHEREAS, under Republic Act No. 3127, as amended, the Board of Industries expired on December 31, 1971;
WHEREAS, there is an urgent need to designate one government agency to undertake the winding up operations of said office;
WHEREAS, the Board of Liquidators has suggested that the proper agency that can well take charge of winding up the affairs of the Board of Industries would be the Department of Commerce and Industry;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by law, do hereby designate and order the Department of Commerce and Industry to wind up the affairs of the Board of Industries within a period not exceeding six (6) months from December 31, 1971.
Done in the City of Manila, this 8th day of February, in the year of Our Lord, nineteen hundred and seventy-two.
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