Section 5
SEC. 5. Powers and duties of the Board.&mdashThe Board shall have the following powers and duties; (a) To process and approve all applications filed with it for exemptions provided for in Section six of this Act of firms duly qualified under this Act to engage in basic industries and issue the necessary certificates of registration therefor, subject to the requirements prescribed by Section eight and the limitations imposed in Section nine of this Act and to follow up the activities of the applicant for the purpose of determining compliance therewith. (b) To conduct surveys of the domestic market as to availability of locally-manufactured and locally-processed machineries and equipment required by tax-exempt firms and determine whether these are available in sufficient quantities and are of reasonable quality and price. (c) To gather and compile statistical data from firms exempted under this Act. (d) To appoint and fix compensations of a technical staff and other personnel as it deems advisable in accordance with the provisions of the Civil Service Law. (e) To promulgate the necessary rules and regulations, for the proper enforcement and to carry out the intents, and purposes of this Act. (f) Generally, to exercise all the powers necessary to attain the purposes for which it is organized.