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RA 7638 (Department of Energy Act of 1992) Section 24

Visitorial Powers.

Section 24

Sec. 24. Visitorial Powers. – The Secretary of the Department or his representative shall have visitorial and examining authority over nongovernment entities with contracts for the exploration, development, or utilization of the natural resources for energy purposes in order to determine the share of the Government in the revenue or product thereof, and to ascertain all funds collectible and products due the Government, and that all such funds collectible and products due the Government have actually been collected or delivered. During such examination, the non-government entity concerned shall produce all the reports, records, books of accounts, and other papers that may be required. The refusal by any such non-government entity to allow an examination of its books of accounts and pertinent records or its concealment of any material information concerning its financial status shall be a breach of its contract with the Government and shall constitute a legal ground for the cancellation thereof.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER IV →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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