Monday, March 23, 2015
2015 REVISED IRR OF R.A. 9520-PART 1
As we may know by now, the "2015 Revised Rules and Regulations Implementing Certain and Special Provisions of the Cooperative Code of 2008" were promulgated* (earlier) by the Board of Administrators of the Cooperative Development Authority (CDA).
It was also subsequently promulgated* jointly by the House and Senate Panels of the Joint Congressional Oversight Committee on Cooperatives last March 18, 2015 at The Legend Restaurant, CCP Complex, Pasay City. This was after more than six months of hearings, through the Technical Working Group.
We will try to serialize the contents of the Revised IRR, for possible reference by the stakeholders of the cooperative sector, and for other purposes. But implementation of these shall be subject to the corresponding issuance of Memo Circulars by CDA, and other processes that may be required.
By way of summary, the Revised IRR have two (2) parts- Part 1 pertains to "Certain Provisions". Part II - pertains to "Special Provisions".
Certain Provisions include the following:
a. Titles and Definitions - pp. 1 to 12;
b. Rule I - Representative Assembly - pp. 12 to16;
c. Rule II - Subsidiary Cooperatives - pp.16 to 17;
d. Rule III - Multipurpose Cooperative - pp. 17 to 18;
e. Rule IV - Division of Cooperatives - pp. 18 to 21;
f. Rule V- Merger and Consolidation;
g.- Rule VI - Laboratory Cooperatives - pp. 25 to 27;
h. Rule VII - Functions, Responsibilities and Training Requirements of Directors, Officers and Committee Members - pp. 27 to 33;
i. Rule VIII - Reports Required for Cooperatives - pp. 33 to 36;
j. Rule IX - Guidelines for the Liquidation of Cooperatives - pp. 36 to 40;
k. Rule X - Capitalization and Accounting Procedures of Cooperatives - pp. 41 to 43;
l. Rule XI - Social Audit of Cooperative - pp. 43 to 45;
m. Rule XII- Financial Service Cooperative - pp. 45 to 49;
n. Rule XIII - Voluntary Arbitration - pp. 49 to 65;
"SPECIAL PROVISIONS" include:
a. Rule I - Housing Cooperatives - pp. 65 to 69;
b. Rule II - Agrarian Reform Cooperatives - pp. 69 to 73;
c. Rule III - Insurance Cooperatives - pp. 73 to 76;
d. Rule IV - Water Service Cooperatives - pp. 76 to 79;
e. Rule V - Transport Service Cooperatives - pp. 79 to 83;
f. Rule VI - Electric Cooperatives - pp. 83 to 87;
g. Rule VII - Dairy Cooperatives - pp. 87 to 89;
h. Rule VIII - Labor Service Cooperative And Worker Cooperative - pp. 89 to 98;
i. Common Provisions - pp. 98 to 99;
j. Signatories - pp. 99 to 100.
(*Important Note: Implementation and effectivity, subject to the Memorandum Circulars that may be issued by CDA).
(For continuation, pls. visit www.cooperativesphilippines.com/2015/03/2015/-revised-ra-9520-irr-part-2.html )