Simplified Guidelines in the Issuance of CGS for Cooperatives that Complied with Article 144 of RA 9520
CDA Memorandum Circular No. 005-09 outlines simplified guidelines for issuing Certificates of Good Standing (CGS) to cooperatives that comply with Article 144 of the Philippine Cooperative Code of 2008 (RA 9520). This guideline applies to cooperatives that have received a new Certificate of Registration and can obtain the CGS until March 22, 2010. The issuance will be managed by the Registration Division or Extension Office, with a validity period for the CGS lasting until December 31, 2010. A certification fee of Php 100 and a signed application letter are the only requirements, as other documentation previously mandated has been waived. The guidelines took effect immediately upon issuance.
Quick Answers
- What is Simplified Guidelines in the Issuance of CGS for Cooperatives that Complied with Article 144 of RA 9520 about?
- CDA Memorandum Circular No. 005-09 outlines simplified guidelines for issuing Certificates of Good Standing (CGS) to cooperatives that comply with Article 144 of the Philippine Cooperative Code of 2008 (RA 9520). This guideline applies to cooperatives that have received a new Certificate of Registration and can obtain the CGS until March 22, 2010. The issuance will be managed by the Registration Division or Extension Office, with a validity period for the CGS lasting until December 31, 2010. A certification fee of Php 100 and a signed application letter are the only requirements, as other documentation previously mandated has been waived. The guidelines took effect immediately upon issuance.
- What type of law is CDA Memorandum Circular No. 005-09?
- Simplified Guidelines in the Issuance of CGS for Cooperatives that Complied with Article 144 of RA 9520 (CDA Memorandum Circular No. 005-09) is a Philippine Other Rules and Procedures enacted by the Congress of the Philippines.
- When was Simplified Guidelines in the Issuance of CGS for Cooperatives that Complied with Article 144 of RA 9520 enacted?
- Simplified Guidelines in the Issuance of CGS for Cooperatives that Complied with Article 144 of RA 9520 (CDA Memorandum Circular No. 005-09) was enacted on Oct 19, 2009.
- What is the citation for Simplified Guidelines in the Issuance of CGS for Cooperatives that Complied with Article 144 of RA 9520?
- Simplified Guidelines in the Issuance of CGS for Cooperatives that Complied with Article 144 of RA 9520, CDA Memorandum Circular No. 005-09, Oct 19, 2009 (Philippines)
Law Information
- Reference Number
- CDA Memorandum Circular No. 005-09
- Date Enacted
- Category
- Other Rules and Procedures
- Subcategory
- Cooperatives
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
October 19, 2009
CDA MEMORANDUM CIRCULAR NO. 005-09
| TO | : | All Concerned |
| SUBJECT | : | Simplified Guidelines in the Issuance of Certificate of Good Standing (CGS) for Cooperatives that Complied with Article 144 of RA 9520 |
In recognition to cooperatives who have voluntarily complied with the requirements under Article 144 of RA 9520 otherwise known as the "Philippine Cooperative Code of 2008", the Authority hereby issues the following simplified Guidelines in the issuance of Certificate of Good Standing (CGS) for cooperatives issued with new Certificate of Registration (CoR).
SECTION 1. Scope. — This guideline shall govern the issuance of CGS to all cooperatives that have already been issued with and those that complied with all the requirements for the issuance of new certificate of registration pursuant to Article 144 of RA 9520.
SECTION 2. Period of Issuance. — The CGS under this guideline may be issued upon the issuance of new certificate of registration to qualified cooperatives until March 22, 2010.
Cooperatives that have already been issued new certificate of registration before the issuance of this guideline shall also be issued a new CGS.
SECTION 3. Who Shall Issue. — The Registration Division or Extension Office concerned shall issue CGS to requesting cooperatives under their respective jurisdiction. HIEAcC
SECTION 4. Validity Period. — The CGS issued for this purpose shall be valid from the date of issuance until December 31, 2010.
SECTION 5. Effect of Issued CGS. — The CGS issued under this guideline is in the nature of CGS for regular purpose only. It shall replace the CGS for regular purpose earlier secured by the cooperative in compliance with the Amended Guidelines Governing the Issuance of Certificate of Good Standing under MC No. 2008-03 dated February 14, 2008. (Early applicants will enjoy longer period of validity of the newly issued CGS for more than one year).
SECTION 6. Fees and Other Documentary Requirements. — Only One Hundred Pesos (Php100.00) Certification Fee and Application Letter duly signed by the Chairman of the Board of Directors shall be required.
The Authority hereby waives the imposition of other requirements provided under MC No. 2008-03.
SECTION 7. CGS Form and Content. — The official CGS form issued for regular purpose shall be used in the implementation of this guideline.
SECTION 8. Effectivity. — This Order shall take effect immediately and ends on March 23, 2010.
Signed in Quezon City, Philippines, this 27th day of October, 2009.
(SGD.) LECIRA V. JUAREZChairpersonCooperative Development Authority
Cite This Law
Simplified Guidelines in the Issuance of CGS for Cooperatives that Complied with Article 144 of RA 9520, CDA Memorandum Circular No. 005-09, Oct 19, 2009 (Philippines)
Simplified Guidelines in the Issuance of CGS for Cooperatives that Complied with Article 144 of RA 9520, CDA Memorandum Circular No. 005-09 (Phil. 2009)
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