This document outlines the requirements and fees for obtaining a Certificate of Good Standing from the Cooperative Development Authority of the Philippines. It details the necessary documents, such as annual reports, audited financial statements, and minutes from annual general assemblies. It also specifies the penalties for late or non-submission of mandatory reports, which are 100 pesos per day. The document requests flexibility in paying penalties for agricultural credit cooperatives working with the Department of Agrarian Reform, allowing minimum initial payment and installment plans for the remaining balance.

1. By: Filipina H. Porio – Chief SEU CDA-DEO

2. On Certificate of
Good Standing

3. Regular Purpose
For Cooperatives Registered more than one (1) year-
for purposes of BIR Compliance and mandatory
compliance under R.A. 9520)
1. Letter Request duly signed by the cooperative
chairman or any authorized representative
2. Required Regular Reports a. Cooperative Annual
Performance Report (CAPR b. Social Audit Report c.
Performance Report d. Audited Financial Statement
duly stamped "RECEIVED" by BIR e. List of Officers
and Training Implementation

4. Regular Purpose
3. Minutes of Annual General Assembly - Order of Business. XXX
a. Call to Order; b. Declaration/ Consideration of presence of
quorum; c. Reading, consideration and approval of the
minutes of previous meeting; d. Presentation and approval of
the reports of the board of directors, officers, and the
committees, e. Including audited financial statements of the
Cooperative; f. Unfinished business; g. New business; f. New
business; i. Election of directors and committee members ii.
Approval of Development and/ or annual Plan and Budget iii.
Hiring of External Auditor iv. Other related business matters
v. Announcements; and h. Adjournment
4.Updated Bond of Accountable Officers
5. Semi-Annual Report on Med-Con Committee

5. Section 11 of MC No. 2011-16
Fees – The Authority shall charge a
certification fee of One Hundred Pesos
(P100.00) for every Certificate of Good
Standing (CGS).

6. A penalty shall be charge in its of the following:
a. P300.00 for every year of failure to
secure a CGS for regular purpose.
b. P300.00 for late filing of application for
regular purpose.

7. Mandatory Reports
a.Cooperative Annual Performance
Report (CAPR)
b. Social Audit Report
c. Performance Report
d. Audited Financial Statement duly
stamped "RECEIVED" by BIR
e.List of Officers and Training
Implementation

8. Section 7 of Rule 8 of IRR.
Sanction For Delayed Submission.
Failure to file the required reports on time
shall subject the Accountable Officer to
pay a fine of P100.00 per day of delay.

9. Computation of Penalty
Mandatory Report: with penalty
1.CPAR – 100.00 x No. of days late from
May 1.
2. AFS – 100.00 x No. of days late from June 1.
(MC NO. 2013-08)

10. MC No. 2013-08- Supplemental Policy on the
submission of AFS duly stamped received by BIR
The Circular stated Quoted as:
Some cooperatives experience difficulty in
complying AFS received by BIR.
In consideration thereof, the Authority
hereby resolved to accept Provisionally AFS which
do not bear stamped ‘received’ provided that the
cooperative shall show proof within thirty 30 days
from the date of submission to the Authority that
it has to submitted the said Audited Financial
Statement.

11. 3. Social Audit Report
4. Performance Audit Report
100.00 x No. of days late from:
2013- August 1 (MC NO. 2013-18 )
2014- May 1

12. MC No. 2013-18 Submission of Performance
and Social Audits Reports
All cooperatives that have submitted to
the Authority the required reportorial
requirements (such as CAPR, AFS, List of Officer
and Trainings Undertaken) but without the PAR
and SAR . . . . ., have been given an extended
period from May 1 to July 31, 2013 to submit
the aforesaid Performance and Social Audit
Reports without penalty.

13. 5. List of Officers and Trainings
Undertaken
100.00 x No. of days late from May 1.

14. Memorandum
Date: May 26, 2014
Subject: CDA-DAR Partnership Program
Paragraph 3
In order to accomplish the deliverables indicated in the MOA, you are
requested to issue the CGS to ARCs which are encountering financial
difficulties in paying the penalties. Provided however, that a
minimal amount be paid upon issuance of CGS, and
the remaining amount will be paid in an installment basis depending
upon the amount of penalties.