MEMORANDUM CIRCULAR Reservation Guide

reservation_guide

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MEMORANDUM CIRCULAR NO. 2010-04
TO : All Concerned
SUBJECT : Guidelines on Cooperative Name Reservation
DATE : July 20, 2010
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:
Reservation Period
Fees
Thirty (30) calendar days
P 100.00
Sixty (60) calendar days
P 200.00
Ninety (90) calendar days
P 300.00
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
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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.
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 _________, Philippines, this ____day of __________,2010.
LECIRA V. JUAREZ
Chairperson

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