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Other Banking Laws. [newline]– The group, the possession and capital necessities, powers, supervision and general conduct of enterprise of thrift banks, rural banks and cooperative banks shall be ruled by the provisions of the Thrift Banks Act, the Rural Banks Act, and the Cooperative Code, respectively. Penalty for Violation of this Act. – Unless otherwise herein supplied, the violation of any of the provisions of this Act shall be subject to Sections 34, 35, 36 and 37 of the New Central Bank Act.

An employee shall be entitled to such additional compensation for work carried out on Sunday only when it is his established rest day. – This code shall take effect fifteen days from its publication in a newspaper of basic circulation. “The Joint Oversight Committee shall review and approve the implementing rules and laws of this Code and monitor its proper implementation. “ Electric cooperatives registered and confirmed with the Authority under http://rencontre-serieuse.org Republic Act No. 6938 and Republic Act No. 6939 are hereby deemed registered under this Code. “Electric cooperatives could undertake power generation using renewable power sources, including hybrid systems, acquisition and operation of subtransmission or distribution as its major functions.

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Where such vacation work falls on the employee’s scheduled relaxation day, he shall be entitled to an extra compensation of no much less than fifty per cent (50%) of his regular wage. When the character of the work of the worker is such that he has no common workdays and no regular rest days can be scheduled, he shall be paid an extra compensation of at least thirty % (30%) of his common wage for work carried out on Sundays and holidays. The Biodiversity Management Bureau previously Parks and Wildlife Bureau , being a employees bureau which is remitted to ascertain and handle Protected Areas, preserve wildlife, and promote and institutionalize Ecotourism. The BMB is continuing its efforts in reconstituting and strengthening its Gender and Development Focal Point System .

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For this function, the Government shall present technical assistance, amenities and gear to such agrarian reform cooperatives. Functions, Responsibilities and Training Requirements of Directors, Officers and Committee Members. The functions and duties of administrators, officers and committee members, in addition to their coaching requirements, shall be in accordance with the principles and laws issued by the Authority.

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– Initial appointments of the heads of the places of work in the Internal Affairs Service shall be made by the President upon advice by the Commission. Thereafter, appointments and promotions to the Service shall follow the established requirements and procedures. Appointments. – The Inspector General shall be appointed by the President upon the recommendation of the Director General and duly endorsed by the Commission. Appointments of personnel who shall occupy numerous positions shall be made by the Inspector General and shall be based mostly on an established profession pattern and standards to be promulgated by the Commission.

An applicant for membership shall be deemed a member after approval of his membership by the board of directors and shall train the rights of member after having made such funds to the cooperative in respect to membership or acquired curiosity within the cooperative as could additionally be prescribed within the bylaws. In case membership is refused or denied by the board of directors, an attraction could additionally be made to the overall meeting and the latter’s choice shall be final. For this purpose, the overall meeting might choose to create an attraction and grievance committee, the members of which shall serve for a period of one yr and shall resolve appeals on membership utility within thirty days upon receipt thereof. If the committee fails to determine throughout the prescribed interval, the attraction is deemed accredited in favor of the applicant. “SECTION 34. — All contributions payable beneath Section 5 of this Act together with the earnings and accruals thereon shall constitute the GSIS Social Insurance Fund.