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CASA102023

The document outlines guidelines for signatories and approval authorities for various cooperative transactions and activities including membership, capital build-up, lending, personnel, and administrative matters. For each transaction type, the suggested approving roles are indicated such as the general assembly, board of directors, manager, or credit committee. Examples provided include approval of membership applications, capital structure amendments, signing of share certificates, and disciplinary actions against members. The guidelines aim to define authorities to enable efficient cooperative operations and responses to needs.

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SKKP Cooperative
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407 views

CASA102023

The document outlines guidelines for signatories and approval authorities for various cooperative transactions and activities including membership, capital build-up, lending, personnel, and administrative matters. For each transaction type, the suggested approving roles are indicated such as the general assembly, board of directors, manager, or credit committee. Examples provided include approval of membership applications, capital structure amendments, signing of share certificates, and disciplinary actions against members. The guidelines aim to define authorities to enable efficient cooperative operations and responses to needs.

Uploaded by

SKKP Cooperative
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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GUIDELINES ON THE PRESCRIBED REPORT SIGNATORIES

AND SIGNATORY AUTHORIZATION (CASA)

The following sections identify the different cooperative transactions and activities in the area of
membership, capital build-up savings mobilization, lending/re-lending, fund management, personnel,
general and administrative affairs, and turnover of accountability and business operations. For each of
these activities , responsible approving and signing authorities are indicated to serve as reference or
guide to leaders and management in the conduct of daily cooperative operations.

A. Cooperative Membership

This section indicates the suggested cooperative approving and signing authorities in all matters
pertaining to cooperative membership and affiliation in federations, unions and other
organizations.

The continuing dynamism of a cooperative largely depends on the quality and quantity of it’s
members as well as on it’s active participation as affiliates in the other organizations. A
cooperative must possess a well-defined approving and signing authorities to enable it to
immediately and adequately respond to the need for continuous membership recruitment and
effective implementation of disciplinary actions against erring members.
TRANSACTIONS/LIMITS GA BOD MGR CRECOM
1. Approval of Application and Withdrawal of
Membership, Determination of Membership
Status.
1.1 Application and Withdrawal for Cooperative //
Membership

1.2 Determination of Membership Status //


(member in good standing or delinquent
members)

2. Signing of Written Notice re BOD Actions on //


Membership Application, Membership Status, and
Withdrawal of Membership.
3. Approval of Amount of Membership Fee and Other //
Fees.
4. Approval of Disciplinary Action Against
Cooperative Members.
4.1 Written Warning //

4.2 Suspension of Benefits, Rights and Privileges //

4.3 Expulsion of Member //1/

5. Removal of Elective Officer, Director and //


Committee member.
6. Signing of Notices to Implement Approved //
Disciplinary Actions Against Cooperative Members.
7. Approval of Affiliation /Consolidation or Merger
with Other Cooperatives/organizations.
7.1 Approval of Membership in Unions, //
Federations, Apex, Cooperative Banks and
Other Organizations.
7.2 Approval of Consolidations/Merger with
Other Cooperatives. //2/
1/
Appealable to the GA
2/
May be initiated by the BOD, GA or at least 10 percent of members with voting rights.

B. Capital Build-up (CBU) Transactions

This section provides the suggested approving and signing arrangements of cooperative’s CBU
transactions.

As the cooperative’s basic source of capital, all transactions and activities relative to CBU need
to be transparent and proper. The approving and signing authorities should be well –defined
and fully-delineated. This shall provide the cooperative the capability to immediately address its
need for continuous increase in capital which can be utilized for cooperative expansion,
operations and activities.
TRANSACTIONS/LIMITS GA BOD MGR CRECOM
1. Approval of Amendments to the Authorized, //
Subscribed, Paid-Up Capital and Par Value.

2. Issuance of Board Resolution Indicating the No. //


of Paid Shares per Certificate.

3. Signing of Certificates of Share to be issued. //

1/
Plus ETC Chairman and as certified by the Accountant

C.

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