How to Register Primary Cooperative

Once you gift nonionized your conjunctive, your work does non overthrow there. The conjunctive now needs a legal personality so that is eject do any the acts that a reconciling is supposed to perform. With a legal personality, the co-op can borrow m integrityy, sell its goods and serve, save up goods and enter into all sorts of vexation transactions. So that your cooperative can do all these, you must register your cooperative.Here is how to do it. WHERE DO YOU REGISTER YOUR COOPERATIVE? The accommodative ripening Authority (CDA) is the only governing body position mandated to register all types of cooperatives. Its wiz(prenominal) authority is located at 827 aurora Boulevard, assistance Road, Barangay Immaculate Concepcion, Quezon metropolis . To facilitate the conflate of its operate, extension offices have been peck up.These atomic number 18 located in (a) Dagupan city (b) Tuguegarao (c) Baguio urban center (d) San Fernando, Pampanga (e) NCR-Quezon C ity (f) Calamba, Laguna (g) Naga City (h) Iloilo City (i) Cebu City (j) Tacloban City (k) Zamboanga City (l) Cagayan de Oro City (m) Davao City (n) Kidapawan City (o) b belyuan City and (p) Cotabato City. WHAT atomic number 18 THE GENERAL REQUIREMENTS FOR REGISTERING A COOPERATIVE? Organizing a cooperative can be manifold and simple. It requires an belowstanding of the base needs of the future cooperative segments.It demands patience from the organizer who must make the cooperatives long-term goals and objectives, and its visions a real part of the members lives. But it can be too mild because the co-op Code of the Philippines (RA 6938) has devised very cle ard steps for the cooperative organizer and members. The side by side(p) are the basic information that the likely members should belowstand before organizing a cooperative. a. in that location are nine (9) steps suggested in setting up a cooperative. FIRST. aim organize. You must have at to the lowest degree 15 members to do that.At once bump the common problems you would want solved and the basic needs you would want admitd for through a cooperative. You whitethorn want to embarrass increase your production, marketing your produce, credit assistance, power generation, banking or restitution and another(prenominal) similar needs. find out your problems and needs pull up stakes also champion you classify the kind of cooperative you exit be organizing. Even before a cooperative is set up, a utilise core group people who entrust do all the organizational and musical composition works is a must.From this core group, functional communities may be formed to set things moving. These committees may include social status, finance, executive, secretariat to mention a few. SECOND. Reserved your proposed cooperative denote. reassure and fill up reconciling image Reservation Request Form (CNRRF). This must be installted to CDA Central Office or any of its university extension Off ice. A taciturnity tap shall apply. THIRD. Prepare a cosmopolitan command called an economic survey. frugal subject area is a general averment describing, among others, the building and occasions of the proposed cooperative.The structure and actual staffing pattern shall include a bookkeeper. This should indicate the area of movement, the surface of membership and other pertinent information in a format provided by the Authority. FOURTH. Prepare the cooperatives by-laws. The by-laws direct the rules and regulations governing the operation of the cooperative. FIFTH. Prepare the articles of cooperation. authorization contents of the articles of cooperation are the interest (a) the name of the cooperative, which must include the word cooperative b) the purpose or purposes and scope of business for which the cooperative is to be registered (c) the term of public of cooperative (d) the area of operation and the postal address of its principal office (e) the names, nationa lity and the postal addresses of the registrants (f) the common join of membership (g) The nominate of names of the directors who shall contend the cooperative and (h) The touchst matchless of its assign big(p), the names and residences of its contributors, and a statement of whether the cooperative is primitive, secondary or tertiary.The articles of cooperation shall be signed by each of the organizers and acknowledge by them if natural persons, and by the chairpersons or secretaries, if juridical persons, before a notary public public. . (i) Arbitral Clause SIXTH. Secure constipate of accountable ships officer(s). A surety bond should be secured from a punctually registered insurance or bonding company. Every director, officer and employee handling bills, securities or retention on behalf of the cooperative shall be covered by this.The board of directors shall determine the adequacy of much(prenominal) bonds. SEVENTH. Execute Treasurers Affidavit. A sworn statement o f the treasurer elected by the subscribers covering that at to the lowest degree twenty-five per centum (25%) of the definitive parting capital has been offer, and at least twenty-five per centum (25%) of the come up subscription has been paid should be executed and to be attached to the articles of cooperation. The pay share capital shall not be less(prenominal) than Fifteen thousand pesos (P15,000. 0).. EIGHTH. fatten the Pre-Membership study Seminar (PMES). A prospective member of a uncreated cooperative must have completed a Pre-Membership Education Seminar (PMES). A Certificate of PMES must be secured from the training provider. NINTH. Register your cooperative with the accommodating Development Authority (CDA). Submit the following essential documents in four (4) copies foursome (4) copies each of the economical Survey, Articles of Cooperation and By-Laws duly notarized 1. Economic Survey 2.Articles of Cooperation and By-Laws 3. Surety bond of accountable officer s 4. Treasurers Affidavit 5. Approved joint invoke Reservation Slip 6. Certificate of PMES The conjunct Development Authority (CDA) is the sole government agency mandated to register all types of cooperatives. Its main office is located at 827 Aurora Blvd. , Immaculate Conception, Quezon City. likely cooperatives must submit their application to the CDA Extension Office where the principal office of the cooperative is located.The following are the amount of tippytoes to be paid for the modification of cooperatives per CDA per Memorandum peak 2004-07, Series of 2004 The initial registration fee to be enforce shall be 1/10 of 1% of the authorized share capital or the basic fee below whichever You will need four copies each of the Economic Survey, By-laws and Articles of Cooperation. The article of co-op should be duly notarized and accompanied by the following a. Bonds of the accountable officers (any director, officer and employee) handling funds, securities or properties on behalf of the cooperative.The board of directors determine the amount of bonds required based on the initial dough worth which shall include the paid-up capital, membership fees and other assets of the cooperative at the quantify of registration and b. Sworn statement of the treasurer duly notarized showing that at least 25% of the authorized share capital has been subscribed, and at least 25% of the total subscription has been paid. The paid-up capital must not be less than PhP2,000. 00 It must be noted that no member may own more than 20% of the subscribed share capital and each share must not be less than PhP1. 00. TYPES AND CATEGORIES OF COOPERATIVES 1) Types of co-ops. accommodative may fall chthonic any of the following types a. Credit co-op is wholeness that promotes and signs savings and lending services among its members. It generates a common pool of funds in order to provide pecuniary assistance and other related fiscal services to its members for productive and provident purposes b. Consumer conjunct is one the primary purpose which is to gratify and distribute commodities to members for productive and provident purposes c. Producers Cooperative is one that undertakes joint production whether verdant or industrial.It is formed and operated by its members to undertake the production and processing of raw materials or goods produced by its members into finished or elegant products for sale by the cooperative to its members and non-members. every end product or its antitheticial coefficient arising from the raw materials produced by its members, sold in the name and for the account of the cooperative, shall be deemed a product of the cooperative and its members d. Marketing Cooperative engages in the supply of production inputs to members and markets their products e.Service Cooperative is one which engages in medical and alveolar care, hospitalization, transportation, insurance, housing, labor, electric light and power, communication , professional and other services f. Multipurpose Cooperative is one which combines two(2) or more of the business activities of these different types of cooperatives g. Advocacy Cooperative is a primary cooperative which promotes and advocates cooperativism among its members and the public through socially-oriented project, instruction and training, research and communication, and other similar activities to travel by out to its intended beneficiaries h.Agrarian Reform Cooperative is one organized by fringy farmers majority of which are agrarian tidy beneficiaries for the purpose of developing an appropriate trunk of subvert tenure, land development, land consolidation or land management in areas covered by agrarian domesticate i. Cooperative Bank is one organized for the primary purpose of providing a replete(p) range of financial services to cooperatives and their members j. dairy farm Cooperative is one whose members are employed in the production of light draw wh ich may b refined and/or marketed as dairy products k.Education Cooperative in one organized for the primary purpose of owning and operating licensed educational institutions, nonetheless the provisions of Republic Act none 9155, otherwise known as the presidential term of Basic Education Act of 2001 l. galvanising Cooperative is one organized for the primary purpose of undertaking power generation, utilizing renewable energy sources, including hybrid systems, acquisition and operation of sub transmission or dispersal to its household members m.Financial Service Cooperative is one organized for the primary purpose of benignant in savings credit services and other financial services n. Fishermen Cooperative is one organized by marginalized fishermen in localities whose products are marketed either as fresh or processed products are marketed either as fresh or processed products o. Health Services Cooperative is one organized for the primary purpose of providing medical, dental and other health services p.Housing Cooperative is one organized to assist or provide access to housing for the gather of its regular members who actively participate in the saving program for housing. It is co-owned and controlled by its members q. indemnification Cooperative is one engaged in the business f insuring life and property of cooperatives and their members r. Transport Cooperative is one which includes land and sea transportation, limited to small vessels, as defined or classified under the Philippine maritime laws, organized under the provisions of this Code s.Water Service Cooperative is one organized to own, operate and manage water systems for the provision and distribution of takeout water for its members and their households t. Workers Cooperative is one organized by workers, including the self-employed, who are at the like time the members and owners of the enterprise. Its principal purpose is to provide employment and business opportunities to its members a nd manage it in accordance with cooperative principles and u. Other types of cooperative as may be stubborn by the Authority. (2) Categories of Cooperatives.Cooperative shall be reason jibe to membership and territorial considerations as follows (a) In term of membership, cooperative shall be categorized into (i) radical. The members of which are natural persons (ii) Secondary. The members of which are primaries and (iii) Tertiary. The members of which are secondary cooperatives and (b) In terms of territory, cooperatives shall be categorized according to areas of operations which may or not coincide with the semipolitical subdivisions of the country. HOW MUCH IS THE REGISTRATION FEE?Prospective cooperatives must submit their application to the CDA Extension Office where the principal office of the cooperative is located. The following are the amount of fees to be paid for the registration of cooperatives per CDA per Memorandum Circular 2004-07, Series of 2004. The initial regi stration fee to be imposed shall be 1/10 of 1% of the authorized share capital or the basic fee below whichever is higher. BASIC FEES Primary Cooperatives Php 500. 00 Secondary Cooperatives Php 2,000. 00 Tertiary Cooperatives Php 3,000. 00 Laboratory Cooperatives Php 50. 00 .