Asset confiscation, bank account freezing and foreign travel ban if the co-operative fund is not returned
-
Media Baaji
- Sat, 4 July 2026
Kathmandu. To make the cooperative sector more orderly, transparent and accountable, the government has brought forward a new process through the bill. The government passed the Cooperatives First Amendment Bill, 2083 in the House of Representatives and proceeded with the process of reforming the policy issues seen in the cooperative sector. In particular, comprehensive reforms will be made in relation to deposit refund, regulation, registration process and scope of work.
A bill has been introduced to bring the directors and managers involved in misappropriation and embezzlement of cooperative savings funds under the strict legal framework.
The government has also said that by confiscating the property of the guilty operators and speeding up the debt recovery process, the money of the victim savers will be returned.
Express
Related News
Federation President Dhakal's request to take action against those who vandalized and looted during the Genji movement
Kathmandu. Chandra Prasad Dhakal, President of Federation of Nepal Chamber of Commerce and Industry, has said that the Federation is working hard to solve the problems of entrepreneurs, businessmen and the economy. Add...
Heavy fall in the price of gold, now how much per tola?
Kathmandu. The price of gold in the Nepalese market has fallen drastically today. Gold fell by Rs 5,400 per tola in one day. According to the Nepal Gold and Silver Traders Federation, gold is being traded at 32,300 rupees per tola today.
On...
The stock market fell again, trading volume limited to 6 billion
Kathmandu. The stock market increased by 83 points the previous day and today the stock market decreased by 2.61 points. Today, the stock market index reached 2757.40 points. Today in the stock market, the share price of 175 companies decreased wh...
Real estate transactions in Bagmati state are falling, revenue collection is down by 23.6 percent
Kathmandu. A study report has shown that revenue has been affected due to continuous decline in real estate transactions in Bagmati province. According to the economic activity study report published by Nepal Rastra Bank, it has been seen th...
2nd Economic Enumeration, five days training for enumerators across the country from today
Kathmandu. A five-day training program for the enumerators selected for the second national economic census, 2082, to be conducted by the National Statistics Office, is starting simultaneously across the country from today. Enumerators are going t...
Fall in gold prices, how much per tola on Friday?
Kathmandu. The price of gold has decreased in Nepali market today. Gold tola has fallen by two thousand rupees. According to the Nepal Gold and Silver Business Federation, gold is being traded at 258,400 rupees per tola today.
On the other h...