Guidelines on Cooperative Name Reservation

July 20, 2010

CDA MEMORANDUM CIRCULAR NO. 004-10

 

Pursuant to the provisions under Article 9, paragraph 1 of Republic Act 9520, otherwise known as Philippine Cooperative Code of 2008 and Section 3 (j) of RA 6939 . . . the Authority hereby issues the following Guidelines on the subject.

SECTION 1. Scope. — These guidelines shall govern reservation of cooperative name prior to the registration of new cooperatives and amendment of name for existing cooperatives with the Authority.

SECTION 2. Submission of Cooperative Name Reservation Request Form (CNRRF). — The CNRRF (Annex "A") shall be submitted either to CDA Central Office or any of its Extension Offices nationwide through any of the following:

2.a. Personal

2.b. Postal Mail/Courier

2.c. Electronic Mail

2.d. Fax Transmission

The request for cooperative name reservation shall not be processed unless payment is received by the Authority.

SECTION 3. Issuance of Reservation Notice. — The Central Office or any Extension Office can accept and process CNRRF. The Senior CDS assigned in the Registration Division/Registration Unit in the EO shall issue a computer generated Cooperative Name Reservation Notice (CNRN) (Annex "B") to the applicant regardless of the principal office of the cooperative.

SECTION 4. Reservation Fee. — The applicant has the option to choose from the following period to reserve their proposed names with the corresponding reservation fees, to wit: DaAISH

Reservation Period	Fees
Thirty (30) calendar days	P100.00
Sixty (60) calendar days	P200.00
Ninety (90) calendar days	P300.00

SECTION 5. Extension of Reservation Period. — A thirty day extension of reservation period may be allowed provided that the applicant pays the One Hundred Pesos (P100) fee for every extension. However, any single or multiple extensions shall not exceed a total of ninety (90) days reservation period from date of original reservation. Hence, no extension shall be allowed for approved ninety (90) days reservation.

An application for extension of cooperative name reservation shall be filed on or before the expiration of the valid reservation.

SECTION 6. Preferential Right Over Reserved Cooperative Name. — The applicant shall have the right over the reserved name during the approved reservation period including its extension. Otherwise, the reserved name shall be made available to other applicants.

SECTION 7. Validity Period. — All reserved names shall be valid in accordance with the period specified in the CNRN.

SECTION 8. Cooperative Name Reservation Request Form (CNRRF). — CNRRF can be downloaded from the CDA website and shall be made available in all CDA Offices nationwide.

SECTION 9. Cooperative Names. — No cooperative name shall be allowed by the Authority if the proposed name is identical or deceptively or confusingly similar to that of any existing cooperative, contrary to public policy, moral and existing laws.

The proposed cooperative name shall incorporate the word "cooperative" and specifying the type in accordance with the economic activity.

The use of "development", "integrated", "incorporated", or other similar connotation shall not be allowed.

SECTION 10. Cooperative Name Reservation System. — The Authority 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. CSHEAI

SECTION 12. * Effectivity. — This Circular shall take effect fifteen (15) days upon approval of the Board of Administrators and submission of the copy hereof to the Office of the Administrative Register (ONAR).

Signed in Quezon City, Philippines, this 22nd day of July, 2010.

(SGD.) LECIRA V. JUAREZChairperson

ANNEX A

QR-REG-RR

Rev. # 0

September 01, 2009

Office of the PresidentDepartment of FinanceCOOPERATIVE DEVELOPMENT AUTHORITY#827 Brgy. Immaculate Conception, Aurora Blvd., Quezon CityWebsite: www.cda.gov.ph

COOPERATIVE NAME RESERVATION REQUEST FORM (CNRRF)

Instructions:

1. Please provide all applicable information legibly.

2. Provide a maximum of 3 preferred cooperative names. Do not use special characters in the preferred cooperative names (e.g., *, /, ', @, etc.)

3. Limit each preferred name to a maximum of 100 characters including acronym, if any.

1. Proposed Name

Preference 1 ______________________________________________________________________

Preference 2 ______________________________________________________________________

Preference 3 ______________________________________________________________________

2. Please check appropriate box

[ ]	Reservation (30 days)	[ ]	Extension of 30 days from expiry of reservation
[ ]	Reservation (60 days)	[ ]	Re-issuance of Name Reservation Slip/Notice
			(CNRN)
[ ]	Reservation (90 days)

 

3. Former Name (applicable only to existing registered cooperatives intending to change coop name)

__________________________________________________________________________________

__________________________________________________________________________________

4. Proposed Nature of Business ______________________________________________________

__________________________________________________________________________________

5. Proposed Principal Office Address __________________________________________________

__________________________________________________________________________________

6. Name of Applicant: _____________________________________________________________

7. Complete Address of Applicant: ____________________________________________________

8. Telephone/Cellphone/Fax Numbers: ________________________________________________

9. Email address, if any. ____________________________________________________________

10. Signature: _____________________________________________________________________

Name & Signature of attending CDA Staff: ACcDEa

_______________________________________

_______________________________________

Date & Time:	___________________
Comment:	___________________
	___________________

 

Re-issuance of Cooperative Name Reservation Notice (CNRN) — Proposed name verified but the CNRN was lost w/in the reservation period

Extension of reservation period — Modification of reservation period to 30 days from expiration of the original reservation.

Others — Other transactions not stated above

Reminder: You are given five (5) days to submit the original copy and the required fee in case CNRRF is submitted through fax.

ANNEX B

Office of the PresidentDepartment of FinanceCOOPERATIVE DEVELOPMENT AUTHORITY#827 Brgy. Immaculate Conception, Aurora Blvd., Quezon CityWebsite: www.cda.gov.ph

COOPERATIVE NAME RESERVATION SLIP/NOTICE (CNRN)

________________

Date

_______________________

_______________________

_______________________

Sir/Madam:

Please be informed that your application for cooperative name reservation dated _____________ is hereby approved for the period of ___________ ( ) days.

The reservation period under the proposed name ____________________________________________ shall be valid from ___________________ until ____________________ pursuant to Memorandum Circular No. ________ dated ___________.

Please attach this Notice together with the other requirements in submitting your application for registration of the above reserved cooperative name.

Please be informed accordingly.

Note: This is a computer generated information which needs no signature provided that it bears a dry seal of the Authority.

EXCERPTS FROM THE MINUTES OF THE REGULAR MEETING OF THE CDA BOARD OF ADMINISTRATORS HELD ON JULY 22, 2010 BOARD ROOM, CDA-CENTRAL OFFICE

6TH FLOOR, CDA BLDG., 827 AURORA BLVD., SERVICE ROAD

BRGY. IMMACULATE CONCEPTION, QUEZON CITY

PRESENT:
	Hon. Lecira V. Juarez	Chairman/Presiding Officer
	Hon. Salaman D. Mangca	Administrator
	Hon. Fulgencio A. Vigare, Jr.	Administrator
	Hon. Manuel C. Lapeña	Administrator
	Hon. Segfredo O. Buagas	Administrator
	Hon. Rosalinda E. Villaseca	Administrator
	Hon. Irma A. Villanueva	Administrator
ALSO PRESENT:
	Atty. Niel A. Santillan	Executive Director, CDA

 

xxx xxx xxx

"RESOLUTION NO. 128, S-2010

On joint motion of Adms. Rosalinda E. Villaseca and Salaman D. Mangca, duly seconded by Adm. Irma A. Villanueva, be it RESOLVED as it is hereby RESOLVED to approve the Guidelines on Cooperative Names Reservation. DHETIS

APPROVED."

xxx xxx xxx

This is to certify that the foregoing is true and correct from the minutes of the CDA Board of Administrators regular meeting.

(SGD.) FELIPE G. DERIBoard Secretary IV

Attested:

 (SGD.) LECIRA V. JUAREZ Chairperson