Guidelines on Inspection of Cooperatives Flashcards
to memorize
a function exercised by the Authority to ensure that cooperatives comply with the regulatory requirements imposed by the cooperative laws, rules and regulations, related laws and other administrative issuances.
INSPECTION
an order issued by the Authority requiring the cooperative to explain/show why it failed comply with the cooperative laws, rules, and regulation and other administrative issuances relating to the grounds for Dissolution, Liquidation, Cancellation.
SHOW CAUSE ORDER
an order issued by the Authority for the termination of the juridical personality of the cooperative through appropriate proceedings, or through its own initiative.
ORDER OF DISSOLUTION
an order issued by the Authority or by the appropriate court for the winding up of the affairs of the cooperatives.
ORDER OF LIQUIDATION
an ordered issued by the Authority to cancel the Certification of Registration of the cooperative thereby terminating its juridical personality
Order of Cancellation
cooperatives whose names are delisted or stricken out from the Registry of the Existing Cooperatives after their Certificate of Registration has been ordered cancelled.
Delisted Cooperatives