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
A significant increase in the import of petroleum products
Parsa. In the six months of the current financial year, petroleum products worth Rs 90 billion and six crores have been imported through Birgunj. During the same period of the current year, petroleum products worth Rs. In the six months of the cur...
What is the exchange rate of which foreign currency on Monday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate for today, the value of the US dollar is stable. According to the determined exchange rate, the buying rate of one US...
High annual growth rates in eggs and corn
Kathmandu. It has been seen that there has been an increase in the index of agricultural production. According to the quarterly agricultural producer price index published by the National Statistics Office, the overall agricultural production pric...
Aviral Hydropower to launch IPO
Kathmandu. Aviral Hydropower Company Limited is going to issue an IPO. The company has called the first annual general meeting on May 16 with a proposal to issue an IPO for the general public.
The meeting will start from 11 am at the registe...
Are you exchanging foreign currency? Know today's official rate
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Sunday. According to the determined exchange rate, the buying rate of one US dollar is 145 rupees 27 paisa and the selling rate is 145 rupees 87 paisa.
Sim...
What is the exchange rate of which foreign currency on Friday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. The fixed exchange rate is fixed at the buying rate of one US dollar at 147 rupees 96 paisa and the selling rate at 148 rupees 56 paise. Similarly,...