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
An increase of 62.29 points in NEPSE, turnover of 4.57 billion
Kathmandu. On the second trading day of the week, the stock market NEPSE index increased by 62.29 points to 2571.34.
On NEPSE, 92 lakh 43 thousand 723 shares of 314 companies were bought and sold on this day, with a turnover of 4.57 bil...
The tenth amendment of the National Bank Act 2058
Kathmandu. The Ministry of Finance has started the process of amending the existing legal structure related to Nepal Rastra Bank. The ministry has released the draft of the bill to amend the Nepal Rastra Bank Act, 2058 and has sought opinions and...
What is the exchange rate of which foreign currency on Thursday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has remained at 143 rupees 36 paisa and the selling rate has remained at 143 rupees 96 paisa....
The price of eggs increased from today
Kathmandu. Due to decrease in egg production and increase in demand, the price has been increased. Layers Poultry Farmers Association has fixed the new price based on the farm price to be implemented from May 1. According to the new rate, the farm...
What is the exchange rate of which foreign currency on Thursday?
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Thursday. According to the fixed exchange rate, the buying rate of one US dollar is 144 rupees 83 paisa and the selling rate is 145 rupees 43 paisa. Similarly, the...
What is the exchange rate of which foreign currency on Sunday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 143 rupees 97 paisa and the selling rate is 144 rupees 57 paisa. Similarly, the...