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
Today, the price of gold increased by Rs 300 per tola
Kathmandu. Today, the price of gold in the Nepalese market has increased by Rs 300 per tola, while silver has increased by Rs 5 per tola. According to the Federation of Nepal Gold and Silver Dealers, today the price of printed gold has been fixed...
Import of 31 billion through Rasuwagadhi crossing, export of dry grass from Nepal
Kathmandu. In the nine months of the current financial year, goods worth Rs. 31 billion 30 million have entered through Rasuwagadhi, an important point of trade between Nepal and China. Among the materials imported through the border are roll clot...
Federation President Dhakal's request to take action against those who vandalized and looted during the Genji movement
Kathmandu. Chandra Prasad Dhakal, President of Federation of Nepal Chamber of Commerce and Industry, has said that the Federation is working hard to solve the problems of entrepreneurs, businessmen and the economy. Add...
Electricity generation started from Setikhola project
Kaski. Setikhola hydropower project of 22 megawatt capacity, completed in Pokhara Metropolitan City-33 of Kaski, has started generating electricity. The project promoted by Seti Khola Hydropower Limited started in December 2078.
After the in...
5 lakh more income in one year from flower farming
Walling. Tulsiram Bhandari of Chapakot Municipality-1 Chowghera in Syangja has been earning five lakhs more in a year from commercial flower farming. He, who is also a former teacher, has been cultivating flowers targeting Dasain and Tihar.
<...
The Australian dollar, euro and pound fell, while the Bahraini dinar rose
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currencies for Monday. Even today, the US dollar remains at a high value. Some currencies, including the Bahraini dinar, have appreciated. According to Nepal Rastra Bank, the...