Question & AnswerQ&A (CDA)
The policy of the State is to foster the creation and growth of cooperatives as practical vehicles for promoting self-reliance and harnessing people power towards the attainment of economic development and social justice.
The Cooperative Development Authority's Extension Offices, within their respective jurisdictions, are responsible for registering primary cooperatives.
Fifteen (15) or more natural persons who are Filipino citizens, having a common bond of interest and residing or working in the intended area of operation, are required for the registration of a primary cooperative.
At least twenty-five percent (25%) of the authorized share capital must be subscribed by the members and at least twenty-five percent (25%) of the subscribed share capital must be paid upon registration.
The paid-up capitalization requirement for primary cooperatives shall in no case be less than Two Thousand Pesos (P2,000.00).
No, the use of the word 'cooperative' in the business name or title is only allowed for organizations duly registered with the Cooperative Development Authority.
No, no cooperative shall be registered provisionally or conditionally.
The required documents include: four (4) copies of the Economic Survey; four (4) copies of the duly notarized Articles of Cooperation and approved By-Laws; four (4) copies of the Treasurer's Affidavit regarding share capital subscription and payment; four (4) copies of the bonds for accountable officers; and the registration fee.
The common bond of membership has four categories: (a) Residential membership, (b) Institutional membership, (c) Associational membership, and (d) Occupational membership.
The by-laws of a cooperative must include a provision allowing members of existing cooperatives of the same type within the same area of operation to be members of the proposed cooperative, unless they resign from the former cooperative.