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.
Related News
The price of gold increased suddenly, how much per tola will be traded on Friday?
Kathmandu. The price of gold has increased in Nepali market today. Gold tola has increased by 2 thousand 100 rupees. According to the Nepal Gold and Silver Traders Federation, today, gold has been fixed at 267,800 rupees per tola.
On the oth...
Today is the last day to file for Everest Color's IPO
Kathmandu. Today is the last day to apply for the IPO that Everest Color Limited is issuing to the general public from June 22. In the first phase, IPOs are distributed to Nepalis who are employed abroad and in the second phase, IPOs are being iss...
A rise of 47.55 points in NEPSE, the most traded among hydropower companies
Kathmandu. On the first trading day of the week, NEPSE index increased by 47.55 points to 2633.42. Today, 1 crore 34 lakh 68 thousand 145 shares of 328 companies were bought and sold, and 5 billion 53 crore 13 lakh shares were traded. Today, while...
The US dollar and euro rose, as did other currencies
Kathmandu. Nepal Rastra Bank has announced the official exchange rate of foreign currency for Thursday. According to the new rate set by the National Bank, today the buying rate of one US dollar is 151 rupees 46 paisa and the selling rate is 152 r...
Double-digit decline in NEPSE, turnover fell to 10.77 billion
Kathmandu. On the second trading day of the week, the NEPSE index decreased by 26.05 points to 2672.39. Today, during the day, 267 million 66 thousand 347 shares of 324 companies were bought and sold, totaling 10.77 billion 39 million shares. Toda...
Heavy fall in the price of gold and silver, how much is the transaction going on today?
Kathmandu. The price of gold has decreased in the Nepalese market. Today the price of gold has decreased by 9 thousand 500 rupees per tola. According to the Nepal Gold and Silver Traders Federation, 2 lakh 95 thousand 200 rupees have been fixed in...