MEMORANDUM CIRCULAR NO. 2020-12
Series of 2020.
Subject: AMENDMENT TO MEMORANDUM CIRCULAR NO. 2020-10, S-2020
Pursuant to Resolution No.136, S-2020, dated June 4, 2020, and Resolution No. 147, S-2020, dated June 10, 2020, of the CDA Board of Directors and following the Omnibus Guidelines on the Implementation of the Community Quarantine in the Philippines issued by the Inter-Agency Task Force (IATF) For the Management of Emerging Infectious Diseases on May 22, 2020, the following guidelines are hereby issued:
- Primary cooperatives having a maximum of 150 members may opt to conduct general assembly meetings through video conferencing, applying Memorandum Circular (MC) No. 2020-10, EXCEPT for the provision on voting system under item 9.0.
- All insurance cooperatives may opt to conduct general assembly meetings through video conferencing, applying MC No. 2020-10.
This Circular amends MC No. 2020-10 S-2020, entitled “Guidelines on the Conduct of General Assembly Meetings of Federations, Unions and Cooperative Banks through Videoconferencing”, by including primary cooperatives and insurance cooperatives within its coverage.
All CDA Regional Offices must endeavor to inform and disseminate this Circular to cooperatives within their jurisdiction.
This Circular shall take effect immediately.
Approved per CDA BOD Resolution No. 136 & 147, S-2020 dated June 4 & 10, 2020.
For the Board of Directors:
(SGD) ORLANDO R. RAVANERA
Chairman
RESOURCE/S:
