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    Cooperative Federation

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    Ma Theresa Gadong Nepomuceno
    The document outlines requirements for registering secondary and tertiary cooperatives in the Philippines, including a minimum number of members, paid-up capital requirements, area of coverage, business activities, bonding requirements, registration fees, and documentary submission requirements like feasibility studies, articles of cooperation, bylaws, and resolutions.

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    © All Rights Reserved
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    Cooperative Federation

    Uploaded by

    Ma Theresa Gadong Nepomuceno
    79 views4 pages
    The document outlines requirements for registering secondary and tertiary cooperatives in the Philippines, including a minimum number of members, paid-up capital requirements, area of coverage, business activities, bonding requirements, registration fees, and documentary submission requirements like feasibility studies, articles of cooperation, bylaws, and resolutions.

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    The document outlines requirements for registering secondary and tertiary cooperatives in the Philippines, including a minimum number of members, paid-up capital requirements, area of coverage, business activities, bonding requirements, registration fees, and documentary submission requirements like feasibility studies, articles of cooperation, bylaws, and resolutions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    79 views4 pages

    Cooperative Federation

    Uploaded by

    Ma Theresa Gadong Nepomuceno
    The document outlines requirements for registering secondary and tertiary cooperatives in the Philippines, including a minimum number of members, paid-up capital requirements, area of coverage, business activities, bonding requirements, registration fees, and documentary submission requirements like feasibility studies, articles of cooperation, bylaws, and resolutions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    Republic Act No.

    9520, February 17, 2009


    AN ACT AMENDING THE COOPERATIVE CODE OF THE PHILIPPINES TO BE KNOWN AS
    THE "PHILIPPINE COOPERATIVE CODE OF 2008
    ART. 23. Type and Categories of Cooperatives.
    (1) Types of Cooperatives Cooperatives may fall under any of the following types:
    (2) Categories of Cooperative Cooperatives shall be categorized according to
    membership and territorial considerations as follows:
    a. In terms of membership, cooperative shall be categorized into:
    i. Primary the members of which are natural persons;
    ii. The members of which are primaries;
    iii. The members of which are secondary cooperatives;
    b. In terms of territory, cooperatives shall be categorized according to areas of
    operations which may or may not coincide with the political subdivisions of the
    country.
    ART. 24. Functions of a Federation of Cooperatives. A federation of cooperatives
    shall undertake the following functions:
    a. To carry on any cooperative enterprise authorized under Article 6 that
    complements augments, or supplements but does not conflict, complete with,
    nor supplant the business or economic activities of its members;
    b. To carry on, encourage, and assist educational and advisory work relating to
    its member cooperatives;
    c. To render services designed to encourage simplicity, efficiency, and economy
    in the conduct of the business of its member cooperatives and to facilitate
    the implementation of their bookkeeping, accounting, and other systems and
    procedures;
    d. To print, publish, and circulate any newspaper or other publication in the
    interest of its member cooperatives and enterprises;
    e. To coordinate and facilitate the activities of its member cooperatives;
    f. To enter into joint ventures with national or international cooperatives of
    other countries in the manufacture and sale of products and/or services in the
    Philippines and abroad;
    g. To perform such other functions as may be necessary to attain its objectives.
    A federation of cooperatives may be registered by carrying out the formalities for
    registration of a cooperative.
    Registered cooperatives may organize a federation according to the type of
    business activity engaged in by the cooperatives.
    CDA MEMORANDUM CIRCULAR 2015-01

    Series of 2015

    SUBJECT : REVISED GUIDELINES GOVERNING THE REGISTRATION OF


    COOPERATIVES

    Registration of Secondary and Tertiary cooperatives

    Section 1. Requirements for Registration. The following shall be the minimum


    requirements for registration:

    1.1. Membership The minimum number of members in a federation or union pursuant


    to BOA instruction dated May 23, 2011 is recommended, as follows:

    Category Federation Union

    1.1.1 Secondary 10 primary Coops 15 primary coops


    1.1.1 Tertiary 10 secondary coops 15 secondary coops

    1.2. Paid-up Capital The minimum paid-up share capital for any proposed
    federation/union shall be, as follows:

    Category Federation Union

    1.2.1 Secondary Php 500,000.00 Not applicable


    1.2.2 Tertiary Php 5,000,000.00 or Not applicable
    feasibility study
    requirement whichever
    is higher

    However, for purposes of registration of a federation, the capital requirement stated in


    the feasibility study may also be followed but in no case shall the paid-up share capital
    of a federation be less than the amounts stated above.
    1.3. Area of Coverage - A federation/union may be organized at the municipal/city,
    district, provincial, regional or national levels.

    1.4. Business Activity the federation can engage in any cooperative enterprise
    authorized under Article 6 of RA 9520 that compliments, augments, or supplements but
    does not conflict, compete with, nor supplant the business or economic activities of its
    members.

    1.5. Bonding Requirement Accountable officer/s of the proposed federation shall be


    covered by sufficient Surety Bond. The amount of the bond shall depend primarily on
    the amount of accountabilities the officer/s are handling as determined by the Board of
    Directors.

    1.6. Registration Fee The registration fee to be paid by the proposed federation shall
    be one tenth (1/10) of one (1%) percent of the authorized share capital or the amounts
    prescribed in the CDA schedule of fees, whichever is higher. Payment of the registration
    fee shall be collected on or before the issuance of the Certificate of Registration.

    1.7. Feasibility Study - Four (4) copies of the Feasibility Study containing the following
    items shall be submitted to the Authority:

    1.7.1 Organizational Structure

    1.7.2 Purposes/Objectives

    1.7.3 Area of Operation

    1.7.4 Number of Member and Potential Members

    1.7.5 Feasibility

    1.7.5.1 technical aspect of federation operation

    1.7.5.2 management aspect

    1.7.5.3 financial aspect, 3 years projection, contribution, subsidies

    1.7.5.4 shall incorporate provision specifying cooperative education and training


    programs

    In the case of cooperative union, feasibility study can be replaced by a three year
    development plan.
    1.8. Articles of Cooperation and By-laws Four (4) copies each of the Articles of
    Cooperation and the By-laws shall be submitted to the Authority.

    1.9. Treasurers Affidavit A duly notarized document attached to the Articles of


    Cooperation stating the total amount received from members share capital contribution,
    membership fee, donations or subsidies.

    1.10. General Assembly Resolution duly notarized resolution stating that the general
    assembly has approved the membership and the exact amount of share capital/dues to
    be contributed to the proposed federation/union it wishes to be affiliated with.

    1.11. Other documentary requirements:

    1.11.1 BOD Resolution on authorized representative;

    1.11.2 Certification of the chairperson of member primaries stating the following:

    1.11.3 Line of business activity to be engaged in;

    1.11.4 Compliance/Adherence to the accounting and auditing standards as prescribed


    by the authority;

    1.11.2 Other documents as may be prescribed by the Authority

    Section 2. Place of Registration. (a) The Extension Offices of the Authority shall register
    all federations/unions. In cases where the proposed federation/union shall operate with
    inter-regional coverage, it shall be registered in the Extension Office where the principal
    office is located. (b) The Central Office of the Authority shall register tertiary
    cooperatives with national coverage.

    Section 3. Miscellaneous. The following policies shall be followed by any


    federation/union:

    a. A federation shall engage in economic activity. A union shall actively advocate for the
    benefit and welfare of its members and regularly implement plans and programs for the
    advancement of member's interest.

    b. No federation/union shall be registered without complying with the minimum


    membership requirement stated herein.

    c. Federations/Unions are prohibited from conducting audit service to their members.

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