Professional Documents
Culture Documents
Pmes2019 PDF
Pmes2019 PDF
Pmes2019 PDF
O -Owned by Members
O -Operated by Members
P -Patronized by Members
Art. 4. Cooperative Principles
9
Democratic Member Control
Cooperatives are :
Democratic organizations.
11
Autonomy and Independence
12
Education, Training and Information
cooperatives shall provide
education and training for their
members, elected and appointed
representatives, managers, and
employees.
13
Cooperation Among Cooperatives
14
Concern for Community
15
Concern for Community
16
Art. 23 Types of
Cooperatives ...
Types of Coops....
(a)Credit Cooperative
(c) Producers
(2) Of Succession;
BY-LAWS
Each cooperative to be registered under this
Code shall adopt by-laws not inconsistent with the
provisions of this Code.
Registration
A cooperative formed or organized under this
Code acquires juridical personality from the date the
Authority issues a certificate of registration under its
official seal.
Certificate Of Registration
A certificate of registration issued by the
Authority under its official seal shall be conclusive
evidence that the cooperative therein is duly
registered unless it is proved that the registration
thereof has been cancelled.
AMENDMENT OF ARTICLES OF
COOPERATION AND BY-LAWS
General Assembly
Board of Election
Audit Committee
Directors Committee
Management
Staff
The members of Audit and Election Committees shall be elected by the General Assembly
while the Board of Directors shall appoint the rest .
Administration
COMPOSITION OF THE GENERAL
ASSEMBLY
79
BONDING OF ACCOUNTABLE
OFFICERS
Every director, officer and employee handling
funds, securities or property on behalf of any
cooperative shall be covered by a surety bond to be
issued by a duly registered insurance or bonding
company for the faithful performance of their duties
and obligations.
83
SHARE CAPITAL
87
ASSIGNMENT OF SHARE CAPITAL
CONTRIBUTION OR INTEREST
91
ALLOCATION AND DISTRIBUTION
OF NET SURPLUS
NET SURPLUS
93
Statutory Funds
Reserve Fund : At least 10% of the Net Surplus
New Cooperatives should allocate 50% of its net
surplus for the first 5 years
Cooperative Education and Training Fund: Not more
than 10% of the Net Surplus
Community Development Fund: Not less than 3% of
Net Surplus
Optional Fund : Not more than 7% of the Net Surplus
DISTRIBUTION OF NET SURPLUS
The net surplus of every cooperative shall be
distributed as follows:
96
REPORTS REQUIRED FOR
COOPERATIVE
REQUIRED REGULAR REPORTS
1. Cooperative Annual Performance Report (CAPR);
2. Social Audit Report including its program of activities
in pursuance of its socio-civic undertakings showing its
achievements at the end of every fiscal year ;
3. Performance Report ;
4. Audited Financial Statements duly stamped “
Received “ by BIR; and
5. List of Officers and Trainings Undertaken/
Completed.
FILING
Constant expansion
Quality Standardized Goods
Minimize Expenditures
Comply with basic requirements of a business
enterprise.
Cooperative as a Business Entity
1. BIR REGISTRATION
Articles of Cooperation and By-laws
Certificate of Registration from CDA
3. Book of Accounts
- yearly, on or before the last
working day of December
- 2 Columnar, Cash Receipt,
Cash Disbursement,
Ledger,Journal
105
Cooperative as a Business Entity
4. Certificate of Tax Exemption
Certified true copy of Articles of
Cooperation, By-laws and
Certificate of Registration
Application Letter
BIR Registration
TIN of member or cedula
106
END
Prepared 2019 by :
Paolo Villegas
Vice-Chair LBMC
Chair Education and Training Committee