The revised implementing rules and regulations of the Philippine Cooperative Code of 2008 (RA 9520) highlight several key changes, including redefining certain terms, restricting the registration of multipurpose cooperatives, restructuring training requirements for cooperative officers, simplifying reporting requirements, and clarifying the roles of partner agencies in cooperative registration and regulation. The revisions also address subsidiary cooperatives, representative assemblies, mergers and consolidations, and capitalization and accounting procedures.
Kiambu county co operative societies bill 2015Co-operatives
Purpose -establishment of legal and institutional framework for registration and regulation of co-operative societies in order to-
Promote growth and development
Enhance good governance
Promote local economic growth and development
Promote the realization of Article 36 of the Constitution on freedom of association.
Kiambu county co operative societies bill 2015Co-operatives
Purpose -establishment of legal and institutional framework for registration and regulation of co-operative societies in order to-
Promote growth and development
Enhance good governance
Promote local economic growth and development
Promote the realization of Article 36 of the Constitution on freedom of association.
IPO comes with challenges especially in terms of governance and board and officers liability. this presentation highlight the liability of the board members in public listed company in Saudi Arabia.
Study tip 7 Corporate Social Responsibility by Dipti DhakulDipti Dhakul
COMPANY SECRETARY: COMPANY LAW
Corporate Social Responsibility
The functions of CSR Committee
• To formulate and recommend to the Board, a CSR Policy which would indicate the activities to be undertaken ïn areas or subject, specified in Schedule VII of the Act.
• To recommend the amount of the expenditure to be incurred on the activities undertaken in pursuance of the CSR policy.
• To institute a transparent monitoring mechanism for implementation of the CSR projects or programs or activities undertaken by the company.
• To monitor the CSR policy of the company time to time.
e-Forum on Advisories and Updates on Cooperative Regulation, Project Development Assistance & Legal
Presented by Sally Triñanes, Supervising CDS, Regulatpry Division, CDA Central Office
Guide for the application for Registration, Licensing and Accreditation of non-profit organizations with social welfare and development programs and services for marginalized, indigent individuals, groups and communities.
Similar to Implementing Rules and regulations of RA 9520 (20)
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Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
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Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
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• Four (4) workplace discipline methods you should consider
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1. SALIENT POINTS IN THE REVISED
IMPLEMENTING RULES AND
REGULATIONS OF R.A. 9520
CDA Dagupan Extension
Office
2. NOTE: Those words and
phrases highlighted in orange are
the changes effected by the IRR
CDA Dagupan Extension
Office
3. • The Cooperative Development Authority scored a
landmark victory with the signing of the Revised Rules
and Regulations Implementing Certain and Special
Provisions (IRR) of the Philippine Cooperative Code of
2008, otherwise known as R.A. 9520, on March 18, 2015
by Senator Manuel M. Lapid, Chair, Senate Committee on
Cooperatives, and Cong. Cresente C. Paez, Chair, House
Committee on Cooperatives, at the Legend Hotel, Manila.
4. • After almost three years of rigorous work on the
amendments of the Cooperative Law that started in
the last quarter of 2012 marked by numerous
consultations with the cooperative sector, different
government agencies, the Congress and Senate, the
law is finally approved and set for implementation
fifteen (15) days after its publication in the Official
Gazette or in a newspaper of general circulation.
•
5. Among the highlights of the amendments of the proposed IRR are as follows:
• Inclusion of new terms defined including the re-definition and
enhancement of terms as used in the IRR;
• Re-structuring the relationship between the subsidiary
cooperative and its parent cooperative;
• Restrictive approach to the registration of Multipurpose
cooperative;
• Re-engineering the concept of laboratory cooperative and its
relationship with its guardian cooperative;
• Re-packaging the training requirements for officers of the
cooperative as defined in RA 9520;
• Simplifying the reportorial requirements for cooperatives and
rationalizing the reports submitted to CDA;
• Re-polishing the guidelines on Voluntary Arbitration;
• Simplifying and clarifying the roles of partner agencies in the
registration and regulation of cooperatives i.e. electric
cooperatives, insurance cooperatives, transport service
cooperatives;
6. INTEREST ON SHARE CAPITAL
Interest earned by the members’ paid-up capital
computed by multiplying the rate of interest on
share capital by member’s average shares.
rate of interest on share capital is computed
by dividing the amount allocated for the total
interest on share capital by the monthly average
share. (total average share month)
Definition of Terms:
7. REVOLVING CAPITAL
•Amount constituting the patronage refund and
interest on share capital of the members, the
payment of which has been deferred by the
cooperative.
•Corresponding revolving capital certificate shall be
issued to the members.
8. COOPERATIVE BANK
•A cooperative organized primarily to provide a wide
range of financial services to cooperatives and their
members.
9. INSURANCE-LIKE ACTIVITY
•refers to any activity involving regular collection of
premiums, fees, contributions, or charges prior to the
occurrence of a contingent event and the payment of
guaranteed benefits upon the occurrence of such
event.
•The term excludes risk pooling practices such as
“damayan” or “abuloy’ system wherein an individual
or group of individuals voluntarily pledge and
contribute a certain amount of money to a fund and
the benefits are not pre-determined but are
contingent to amounts collected.
10. LABOR SERVICE COOPERATIVE
•refers to a cooperative that is engaged in
providing a specific labor, job, or service to a
principal under a contracting or subcontracting
arrangement as may be defined under existing
laws and in accordance with the cooperative
principles set forth under R.A. 9520
11. ELECTION DEPUTIES
•refers to members from each sector, chapter or
district duly elected during the general
assembly meeting approving the adoption of the
representative assembly who will conduct the
election of the sector, chapter or district.
12. SERVICE COOPERATIVE
•refers to those which provide any type of
service to its members, including but not
limited to, transport, information and
communication, insurance, housing, electric,
health services, education, banking and
savings and credit.
13. WORKERS COOPERATIVE
• organized by workers, including the self-
employed, who are at the same time the
members and owners of the enterprise.
14. RULE 1 - REPRESENTATIVE ASSEMBLY
• Applies to a cooperative with numerous and dispersed
membership opting to conduct its general assembly
meeting by way of representative assembly as provided for
under Art. 5 (2) and (10) of R.A. 9520
• Adoption of representative assembly shall be stipulated in
their by-laws.
• Number of the members of the cooperative shall be at
least one thousand (1000)
15. • Number of elected representatives of a sector,
chapter or district as provided in the by-laws and
shall be within the range of 1% to 10% of the total
number of the regular members entitled to vote in
the sector, chapter or district.
[which shall not be less than one hundred (100)
members.]
• The term of office of the Representative or Delegate
shall be provided in the by-laws. It shall not exceed
two (2) years, commencing on the first regular
representative assembly meeting
16. RULE 2 - SUBSIDIARY COOPERATIVE
A parent cooperative may organize a subsidiary
cooperative provided:
•It has a total net worth of at least Fifty Million Pesos
(50,000,000.00) as shown in its latest Audited Financial
Statement. (10,000,000.00)
•The dissolution of either cooperative shall not affect
the existence of the other.
•In case of dissolution of the parent cooperative, the
Subsidiary Cooperative shall subsequently amend its
cooperative name to remove the words “Subsidiary
Cooperative of (Name of Parent Cooperative)”.
17. RULE 3 - MULTI-PURPOSE COOPERATIVE
•No cooperative shall be registered as a multi-
purpose cooperative unless it has been in
operation for at least two (2) years.
(Any newly organized primary cooperative
may be registered as multi-purpose cooperative
only after compliance with the minimum
requirements for multi-purpose cooperatives to
be set by the Authority.)
18. RULE 4 - DIVISION OF COOPERATIVES
• In addition to the regular requirements for
registration of cooperatives, a written approval
or recommendation from the concerned
government agency, if applicable, shall be filed
with the Authority.
19. RULE 5 - PROCEDURE FOR MERGER OR CONSOLIDATION
• Duly approved board resolution of each constituent
cooperatives to enter into merger or consolidation;
• Calling of a General/Representative Assembly to
present and approve the Proposal and Plan of Merger
or Consolidation of each constituent cooperative an the
Amendment/New Articles of Cooperation and By-laws;
• Execution of a Memorandum of Understanding to
Merge or Consolidate, stating the creation of a joint
committee to formulate the plan and proposal to merge
or consolidate.
20. RULE 7 - FUNCTIONS, RESPONSIBILITIES AND TRAINING REQUIREMENTS OF
DIRECTORS, OFFICERS AND COMMITTEE MEMBERS
TRAINING REQUIREMENTS OF COOP OFFICERS
• All officers of the cooperative are required to undergo a
minimum of sixteen (16) hours of training on the fundamentals of
cooperatives AND another sixteen (16) hours on governance and
management of coops within the first half of their term.
• Wilful failure of any officer/s of a coop to undergo the prescribed
trainings shall disqualify said officers to hold any elective or
appointive position.
• Wilful failure of the coop to comply with the training requirements
despite due notice from the Authority shall be a ground for non-
issuance of Certificate of Compliance for the next succeeding year.
21. RULE 7 - FUNCTIONS, RESPONSIBILITIES AND TRAINING REQUIREMENTS
OF DIRECTORS, OFFICERS AND COMMITTEE MEMBERS
TRAINING REQUIREMENTS OF THE OFFICERS OF
Micro Cooperatives
• The officers are only required to undergo sixteen
(16) hours of training on the fundamentals,
governance and management of cooperatives.
The content of the training program shall be
prescribed by the Authority in consultation with
the accredited training providers.
(mandatory 14 courses)
22. RULE 7 - FUNCTIONS, RESPONSIBILITIES AND TRAINING
REQUIREMENTS OF DIRECTORS, OFFICERS AND COMMITTEE MEMBERS
TRAINING REQUIREMENTS OF THE OFFICERS OF Cooperatives engaged in
Savings and Credit Operations
The officers shall be required to undertake
additional sixteen (16) hours of specialized training on
financial management, risk management and credit
management provided that these cooperatives have at least
Five Million Pesos (P5,000,000.00) worth of a deposit liabilities
based on the latest audited financial statement of the
cooperative.
23. RULE 8 - REPORTS REQUIRED FOR COOPERATIVES
• Submit annual Cooperative Annual Progress Report (CAPR)
with the following attachments:
* Social Audit Report (SAR);
* Performance Audit Report (PAR), including
copies of the semi-annual report on mediation
and conciliation;
* Audited Financial Statement (AFS); and
* List of Officers and Trainings Undertaken/Completed.
o CAPR including all of the reports shall be part of the report
of the cooperative to its members during the annual
general assembly meeting.
24. RULE 8 - REPORTS REQUIRED FOR COOPERATIVES
• Cooperatives with assets of three million pesos
(P3,000,000.00) and below are exempted from
penalties. But shall not be issued a Certificate
of Compliance for non-submission of the
required reports.
• In addition to the CAPR and its attachments,
ELECTRIC COOPERATIVES are required to
submit List of Members issued with share
capital certificate
25. RULE 8 - REPORTS REQUIRED FOR COOPERATIVES
Sanction for Delayed Submission
• Failure to file the required regular reports with the
corresponding attachments on time shall subject the
Accountable Officers to a fine of one hundred pesos
(P100.00) per day of delay.
• Delay shall commence on the day following the last day
prescribed for filing the report.
• Partial compliance shall be considered non-compliance
and the coop shall be in delay until fully complied with.
26. RULE 10 - CAPITALIZATION AND ACCOUNTING
PROCEDURES OF COOPERATIVES
• Issuance of preferred share capital shall be prescribed in
the by-laws and it shall not exceed twenty five (25%) of the
total authorized capital of the cooperative.
• A Subscription Agreement shall be executed upon the
admission of a member in the coop and whenever additional
subscription is desired, it shall be made after the member has
fully paid his initial subscription.
• Share Certificates shall be issued by the cooperatives at the
end of every calendar year based on the number of shares fully
paid for the said period.
27. The implementation and effectivity of these IRR
shall be subject to the Memorandum Circulars
that may be issued by CDA, and any other
processes that may be required to be
undertaken)
28. The Board of Administrators
Cooperative Development Authority
NELON B. ALINDOGAN
Administrator
PENDATUN B. DISIMBAN
Administrator
MERCEDES D. CASTILLO
Administrator
EULOGIO T. CASTILLO, Ph.D.
Administrator – Officer-In-Charge