• +632-7975-4087
  • This email address is being protected from spambots. You need JavaScript enabled to view it.

Share Capital Policy


Version Date: 25 January 2024

 

Article I

DECLARATION OF POLICY

This policy paper provides guidelines governing share capital contributions of the Cooperative. The policy is aimed at providing a reasonable and realistic member share capital build-up to allow for the continuing growth of members’ investment in the Cooperative.

 

Article II

DEFINITION

The term “share” shall refers to a unit of capital with a par value of One Hundred Pesos (P100.00).

 

Article III

MINIMUM AND MAXIMUM SHARE CAPITAL SUBSCRIPTION

As mandated by RA 9520 or the Philippine Cooperative Code of 2008, no member shall own or hold more than ten (10) percent of the total share capital of the Cooperative.

Minimum: The minimum share capital subscription per member shall be Two Hundred (200) shares with a total value of Twenty Thousand Pesos (P20,000.00).

Maximum: The maximum share capital subscription per member shall be Ten Thousand (10,000) shares with a total value of One Million Pesos (P1,000,000.00).

 

Article IV

SHARE CAPITAL CONTRIBUTION

To promote continuous capital build-up, members are required to invest in the Cooperative in the form of share capital, as follows:

  1. Initial Share Capital Contribution: Upon approval of membership, a member is required an initial share capital contribution of at least five (5) shares or at least Five Hundred Pesos (P500.00).
  2. Continuous Capital Build-Up: After the initial share capital contribution, members are required to contribute a minimum of three (3) shares or Three Hundred Pesos (P300.00) a month until the minimum Share Capital Subscription has been paid up. Members may change their monthly capital build-up anytime by informing the coop office via email.
  3. After the minimum share capital subscription of Two Hundred (200) shares or Twenty Thousand Pesos (P20,000.00) has been paid up, capital build-up (@P300.00/month minimum) is mandatory up to Ten Thousand (10,000) shares or One Million Pesos (P1,000,000.00).

 

Article V

WITHDRAWAL OF SHARE CAPITAL CONTRIBUTION

Only upon termination of membership shall a member be entitled to a refund of his/her share capital contribution. Partial withdrawal of share capital is not allowed.

 


About Us

Affiliations

Image

Apply for Membership

QRCode ApplyNow

Click or scan QR Code

to apply now!

Contact Us

Address: 

11F Intellectual Property Center
McKinley Hill, Taguig City

 Phone:

+63-2-7975-4087

 Email:

 admin@hpp.coop

Image