Questions and Answers
What is the initial step in forming a cooperative?
Individuals who are interested should organize themselves into a core group.
What is the role of the Cooperative Development Authority (CDA)?
When was the Cooperative Development Authority (CDA) established?
1990 with the passage of the Cooperative Code of the Philippines.
The Cooperative Code of the Philippines was passed on March 10, 1988.
Signup and view all the answers
The final document prepared for registering a cooperative includes Articles of _____________________
Signup and view all the answers
What is stated in Article XII of the Philippine Constitution regarding cooperatives?
Signup and view all the answers
What powers does the CDA have in relation to cooperatives?
Signup and view all the answers
What type of meeting should be conducted after the pre-membership seminar?
Signup and view all the answers
Study Notes
Steps in Forming a Cooperative
- Essential for practical knowledge and future career applications regarding cooperative formation.
- Legal compliance is critical to operate cooperatives lawfully.
- Understanding the steps enhances efficient planning and execution.
- Awareness of the process helps in recognizing and avoiding common pitfalls.
Core Group Organization
- Individuals interested in forming a cooperative must first come together to create a core group.
Pre-Membership Seminar
- The core group conducts a pre-membership seminar with assistance from a cooperative specialist from the Cooperative Development Authority (CDA).
- CDA is responsible for registering and regulating cooperatives in the Philippines, ensuring legal operation.
History and Development of CDA
- Cooperative initiatives began in 1941 with the formation of the National Cooperative Administration (NCA).
- World War II interrupted many cooperative operations, leading to the establishment of the Emergency Control Administration (ECA) post-war.
- The Cooperative Administration Office (CAO) was formed subsequently, introducing measures like the Agricultural Credit and Cooperative Financing Administration (ACCFA).
- Martial law led to the abolition of the CAO and the creation of the Bureau of Cooperative Development.
- The Bureau of Agricultural Cooperatives Development (BACOD) was established in 1987 under Executive Order No. 116.
- The Cooperative Code of the Philippines was enacted on March 10, 1990, signed as Republic Act No. 6938.
- Republic Act No. 6939 created the CDA, emphasizing the role of cooperatives in promoting equity and social justice.
Policy and Functions of CDA
- Article XII of the Philippine Constitution mandates an agency to enhance the viability and growth of cooperatives for social justice and economic development.
- CDA is tasked with ensuring safe operations of cooperatives while fostering self-reliance and people power.
- Acts like RA 6938 and RA 6939 focused on establishing a cooperative framework in the Philippines.
- CDA has regulatory powers over cooperative development, ensuring they meet standards and operate effectively.
First General Meeting
- After the seminar, a general meeting should be held to finalize cooperative details.
- Objectives include compiling a final member list, deciding the cooperative type and name, and electing a Board of Directors and committee members.
Required Registration Documents
- Documentation prepared by the chairman and the Documentation Committee for cooperative registration includes:
- Four copies of the economic survey.
- Four notarized copies of Articles of Cooperation.
- Four copies of the Cooperative Bylaws.
- Surety bond for accountable officers.
- Affidavit from the Treasurer.
- Approved Cooperative Name Reservation Slip.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
This quiz explores the essential steps in forming a cooperative, from assembling a core group to legal compliance with the Cooperative Development Authority. Understanding these steps is crucial for efficient planning and to avoid common pitfalls in cooperative management. Gain practical insights that can aid your future career in cooperative governance.
