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
The price of gold fell again, how much per tola on Friday?
Kathmandu. Recently, the price of gold in the Nepalese market has been continuously falling. Gold has decreased by two thousand 200 rupees per tola today. According to the Nepal Gold and Silver Traders Federation, gold is being bought and sold at...
The price of gold and silver increased, how much did it reach per tola?
Kathmandu. On Friday, the price of gold in the Nepali market has increased moderately. According to the Nepal Gold and Silver Business Federation, the price of gold has increased by Rs 600 per tola compared to the prev...
A Chinese company is in charge of printing 430 million notes of 1000 denominations
Kathmandu. Nepal Rastra Bank has given a contract to a Chinese company to print new notes of 1000 rupees. Rastra Bank has issued a notification and informed that China Bank Note Printing and Minting Corporation has bee...
166 entities allowed to mine 16 types of minerals
Kathmandu. The Department of Mines and Geology has granted permission for the mining of 16 different types of minerals. According to the department, permission was given with the aim of supporting industrial production and economic growth by devel...
Electricity of Bheri-Babai project will be connected to national transmission: 132 kV transmission line is being constructed
Surkhet. The process of connecting the electricity produced by the national pride Bheri-Babai diversion multi-purpose project to the national transmission system has started.
In order to connect the electricity produced by the project to the...
In the month of October, the interest rate of commercial banks decreased, which one gives how much?
Kathmandu. According to the interest rate published by the commercial banks for the month of October, it has been seen that the maximum average interest rate of deposits has decreased. In the month of October, the maximum average interest rate for...