QuestionsQuestions (CDA MEMORANDUM CIRCULAR NO. 2010-04)
It is issued pursuant to Article 9, paragraph 1 of Republic Act (RA) 9520 (Philippine Cooperative Code of 2008) and Section 3(j) of RA 6939.
They govern (1) reservation of cooperative names prior to registration of new cooperatives and (2) amendment of name for existing cooperatives with the Authority.
The Cooperative Name Reservation Request Form (CNRRF), as shown in Annex A of the Circular.
To the CDA Central Office or any of its Extension Offices nationwide.
Personal submission, postal mail/courier, electronic mail, and fax transmission.
Yes. The request shall not be processed unless payment is received by the Authority.
No. The notice is issued regardless of the principal office of the cooperative.
30 calendar days — P100.00; 60 calendar days — P200.00; 90 calendar days — P300.00.
A 30-day extension may be allowed if the applicant pays P100.00 for every extension.
Yes. Any single or multiple extensions shall not exceed a total of 90 days from the date of original reservation; thus, no extension is allowed for an approved 90-day reservation.
It must be filed on or before the expiration of the valid reservation.
The applicant has the right over the reserved name during the approved reservation period, including its extension; otherwise, the reserved name may be made available to other applicants.
It is based on the period specified in the CNRN.
No cooperative name shall be allowed if identical or deceptively or confusingly similar to that of any existing cooperative, contrary to public policy, moral, and existing laws.
It must incorporate the word “cooperative” and specify the type in accordance with the economic activity.
The use of “development,” “integrated,” “incorporated,” or other similar connotation is not allowed.
CDA shall develop and implement a computerized system to prevent duplication of cooperative names and to facilitate an effective and efficient process of cooperative name reservation.
Fifteen (15) days upon approval of the Board of Administrators and submission of a copy to the Office of the National Administrative Register.