What is the RA 9520?
– This Act shall be known as the “Philippine Cooperative Code of 2008”. – It is the declared policy of the State to foster the creation and growth of cooperatives as a practical vehicle for promoting self-reliance and harnessing people power towards the attainment of economic development and social justice.
What is the article of cooperative?
(2) The articles of cooperation shall set forth: (a) The name of the cooperative which shall include the word “cooperative”; (b) The purpose or purposes and scope of business for which the cooperative is to be registered; (c) The term of existence of the cooperative; (d) The area of operation and the postal address of …
What are the salient features of RA 9520?
9520. conduct regular inspection or examination of a cooperative in accordance with the rules and regulations promulgated by the Authority and, when deemed necessary, conduct examination and investigation to protect the interest and welfare of the members of cooperatives and the general public.
What is the republic act of the Philippine cooperative Code of 2008?
Act 9520
It compiles all the codified sections and articles of Republic Act 9520 of the Philippine Cooperative Code of 2008. The Republic Act, in its constitution, aims to enable and empower cooperatives in doing their mission, vision, and goals for their members and their communities.
How are RA 6938 and RA 9520 related?
In 2008, RA 6938 was amended by RA 9520, with the inclusion of provision on representative assembly, subsidiary cooperative, financial service cooperative, to cite a few amendments, while keeping the provisions of RA 6938 basically intact. 2.3 Particular Roles of Cooperatives.
What is cooperative According to RA 9520 Brainly?
– A cooperative is an autonomous and duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic, and cultural needs and aspirations by making equitable contributions to the capital required, patronizing their products and services and …
What is RA No 9194?
Creation of Anti-Money Laundering Council (AMLC). — The Anti-Money Laundering Council is hereby created and shall be composed of the Governor of the Bangko Sentral ng Pilipinas as chairman, the Commissioner of the Insurance Commission and the Chairman of the Securities and Exchange Commission as members.
What is freeze order?
A Freeze Order is an order issued by the Court of Appeals that blocks or restrains monetary instruments or properties in any way related to an unlawful activity from being transacted, withdrawn, deposited, transferred, removed, converted, concealed, or otherwise moved or disposed without affecting the ownership.
Is cooperative a juridical person?
Section 16. Registration. – A cooperative formed or organized under this Code acquires juridical personality from the date the Cooperative Development Authority issues a certificate of registration under its official seal.
What is cooperative in the Philippines?
Republic Act 9520, also known as the “Philippine cooperative code of 2008”, defines a cooperative as, “an autonomous and duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic, and cultural needs and aspirations by making equitable …
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