How to Register Primary Cooperative Once you have organized your cooperative, your work does not end there. Registration is free of charge. Supreme authority is vested in the general meeting with the committee as its executive arm. You may want to include increasing your production, marketing your produce, credit assistance, power generation, banking or insurance and other similar needs.
It generates a common pool of funds in order to provide financial assistance and other related financial services to its members for productive and provident purposes; b.
Its main office is located at Aurora Blvd. The following meetings are convened for the formulation of business policies and implementation of strategic plans: To submit 3 copies of the proposed by-laws.
It requires an understanding of the basic needs of the prospective cooperative members. Determining your problems and needs will also help you classify the kind of cooperative you will be organizing.
How to run a co-operative society?
In order to be qualified for membership of a Co-operative Society, a person must: These committees may include membership, finance, executive, secretariat to name a few.
A co-operative society shall keep sufficient records in the English or Chinese language of its income and expenditure to enable the assessable profits of such trade, profession or business to be readily ascertained and shall retain such records for a period of not less than 7 years after the completion of the transactions, acts or operations to which they relate.
Preparation on Application for Registration A. The article of Cooperative should be duly notarized and accompanied by the following: Talks introducing the principles and operations of co-operative will be provided by the Section.
The Cooperative Development Authority CDA is the only government agency mandated to register all types of cooperatives.
Education Cooperative in one organized for the primary purpose of owning and operating licensed educational institutions, notwithstanding the provisions of Republic Act No.
CR5 Form CR5 is the form used to apply for a co-operative name. It is compulsory to appoint an auditor upon registration of a co-operative unless an exemption has been obtained. Accounts, books and records should be properly kept and are subject to audit by persons authorized by the Registrar.
How to apply for registration? Prospective cooperatives must submit their application to the CDA Extension Office where the principal office of the cooperative is located.When registering a co-operative, two copies of the model constitution need to be handed in together with the application form CR1.
Model Constitution for Primary Agricultural Co-operatives Model Constitution for Primary Non Specific Co-operatives. Advocacy Cooperative is a primary cooperative which promotes and advocates cooperativism among its members and the public through socially-oriented project, education and training, research and communication, and other similar activities to reach out to its intended beneficiaries; h.
Register your Co-operative A very simple definition of a co-operative would be to say it is a business where a group of people get together voluntary to address their common needs. A co-operative is a distinct form of enterprise that provides services and/or products to its members.
REGISTRATION OF COOPERATIVES (source: Cooperative Development Authority) Advocacy Cooperative is a primary cooperative which promotes and advocates Register your cooperative with the Cooperative Development Authority extension office.
Learn about the status of the cooperative sector in the Philippines, Cooperative Laws that govern their operation and other stakeholders that advocate cooperativism Cooperative Development Authority - Registration of Primary Cooperatives. A co-operative Society is a body corporate registered under the applicable state Act with perpetual succession having a common seal.
It can acquire, hold and dispose of properties, enter into contracts.Download