Requirements and method of establishing a cooperative
Conditions for Establishing a Cooperative To establish a cooperative there are a number of conditions that must be met. Following are the requirements: Primary cooperatives must be established by a minimum of 20 people who have the same economic activities and interests. While the founders of secondary cooperatives must have at least 3 legal entities. Cooperatives The founders or co-founding power of attorneys submit requests for approval of the cooperative’s deed in writing and / or electronically to the Minister of Cooperatives and Small and Medium Enterprises. stamped; minutes of the Cooperative Establishment Meeting, including granting power of attorney to submit an application for endorsement; letter of capital deposit at least equal to the principal savings; and the initial plan of Cooperative business activities. Minutes of Cooperative Establishment Meeting must be completed: attendance meeting list; photocopy of founder’s KTP according to the attendance list; founding authorization letter; a letter of recommendation from agencies related to the line of business that will be undertaken. For secondary cooperatives, documents must be added: The results of the minutes of the cooperative establishment meeting and the power of attorney of primary and / or secondary cooperatives for the establishment of secondary cooperatives; Decision on the ratification of the legal entity of the primary and / or secondary cooperative of prospective members; Primary and / or secondary cooperatives of prospective members attach active Taxpayer Identification Number (NPWP) There are additional requirements for the establishment of savings and credit cooperatives and sharia savings and loan cooperatives (can be seen in articles 10 paragraphs 5 and 6 of the Cooperative and SME Regulation 9/2018). Stages of Establishment of Cooperatives Concerning the stages and procedures for establishing cooperatives in accordance with Regulation of Cooperative and Small and Medium Enterprises Number 9 of 2018 are: Planning for Establishment of Cooperatives There are at least 20 members (primary cooperatives) Determine the place of cooperation of cooperatives Have their own capital (at least from the main savings, can be added compulsory savings , grant) Determine the name of the cooperative (at least 3 words after the phrase cooperative) Make an initial business plan There are candidates for management and supervisors Submission of plans and consultations to the office (regional) or central (Ministry) Cooperative Establishment Meeting Attended prospective founders, a minimum of 20 people (for primary cooperatives) Attended by official counselors from offices or ministries Can be attended by notaries Cooperative establishment meetings are led by leaders and secretaries appointed by the founders of the Meeting elect management and supervisors and determine the period of service Cooperative establishment meetings discuss draft articles of association Meeting results are made in minutes of meetings and / or Minutes of Minutes of Meeting meeting or minutes of the meeting as outlined in the draft Articles of Association of the Notary Cooperative noting the agreement on the subjects of the results of the discussion in the establishment meeting The main results of the discussion were formulated in the Deed of Establishment of the Cooperative ) Cooperatives that have obtained name approval must submit a request for a Deed of Establishment within a period of no later than 30 days. Submission of Ratification of a Deed of Establishment of a Cooperative : 2 copies of the Cooperative establishment deed, and one of them is sufficiently stamped; Minutes of the meeting of the establishment of the Cooperative, including the granting of power of attorney to submit an application for endorsement if any; proof of minimum capital deposit amounting to the principal savings; and the initial plan of Cooperative business activities