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
Sopan Pharmaceuticals' IPO will be distributed tomorrow, 347,000 will get shares
Kathmandu. The IPO of Sopan Pharmaceuticals Limited will be distributed tomorrow. NMB Capital, the company's sales manager, has prepared for the IPO distribution on Thursday morning at 9 am. 29 lakh 14 thousand 443 people applied for the IPO. The...
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. According to the determined exchange rate, the buying rate of one US dollar is 146 rupees 84 paisa and the selling rate is 147 rupees 44 paisa. Similarly,...
The fuel facility of certain officials and government employees has been reduced
Kathmandu. In order to control public expenditure and manage the fuel crisis, the government has decided to significantly reduce the fuel facilities provided to government employees and special officials. According to the Ministry of Finance, due...
The stock market increased by 54 points on the first day of the week, how many transactions did the company make?
Kathmandu. On the first day of the week, the stock market index NEPSE increased by 54.51 points and reached 2931.55 points. A total of 23 billion 597 million 12 thousand 182 rupees 84 paise was traded from the purchase and sale of 60 million 14 mi...
The request of the department to inform about the illegal trading of gas
Kathmandu. The Department of Commerce, Supply and Consumer Protection has requested all of you to call 1137 toll-free if you have any information or information regarding the illegal trading of LP gas for cooking due to the shortage in the interna...
Today, NEPSE decreased by normal numbers, turnover of 4 billion 48 crores
Kathmandu. On the third trading day of the week, NEPSE index decreased by 0.53 points to 2644.70. During the day, 18 lakh 10 thousand 106 shares of 324 companies were bought and sold, and over 4.48 billion shares were...