Guidelines in the Registration of Primary Cooperative Presented by: Ms. Jacqueline L. De Leon CDS II
Organization of Cooperative Primary Cooperative Minimum of fifteen (15) natural persons who are Filipino citizens, of legal age and with a common bond of interest; Prospective member of a primary cooperative must have completed the Pre- Membership Education Seminar (PMES)
• Minimum Paid-up Capital upon registration is Fifteen Thousand Pesos (P15,000.00) for single type;• Newly organized primary coop may be registered as multi purpose cooperative only after compliance with the minimum requirements for MPC;• A single-purpose cooperative may transform into a MPC or may create subsidiaries only after at least two (2) of operations.
Documentary Requirements for Registration• Cooperative Name Reservation Notice (CNRN)• Articles of Cooperation• By-Laws• Surety Bonds of Accountable Officers of the Cooperative• Treasurer’s Affidavit• Economic Survey• Certificate of Pre-Membership Education Seminar (PMES) signed by the cooperative Chairman, as validated by the Authority;
• Undertaking to change name• Undertaking to comply with other requirements prescribed by the other regulatory agency, when applicable• Favorable endorsement/written verification/authority/pre-feasibility study, if applicable
• All documents should be submitted in four (4) copies except for Cooperative Name Reservation Notice (CNRN – 1 copy only)• Registration fee – Minimum of Php 500.00 or 1/10 of 1% of the Authorized Share Capital whichever is higher.
Application for Cooperative Name ReservationPeriod Reservation fee30 days Php 100.0060 days Php 200.0090 days Php 300.00
General Instruction• All interim Board of Directors must affix their signatures on the margin of every page thereof except the page where the names and signatures of cooperators are provided;• All four (4) copies of the articles of cooperation and by-laws shall bear original signatures;
General Instruction• No photocopy of documents shall be accepted;• The paper must be 8.5”x 13” or 8.5” x 14” and the font type and size is Bookman Old Style 12;• The use of metallic objects in fastening the documents is not allowed.