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
Fluctuations in the exchange rate of the dollar and the euro, the value of the currencies of the Gulf countries
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currencies for Wednesday. According to the new exchange rate announced by the Central Bank, today the buying rate of one US dollar is 152 rupees 27 paisa and the sel...
What is the foreign currency exchange rate for Monday?
Kathmandu. Nepal Rastra Bank has announced the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at Rs 152.08 and the selling rate at Rs 152.68. Similarly, the buying rate of Eu...
Karna Kumari built a concrete house by selling oranges
Myagdi. Karnakumari Purja Pun, a single woman from Beni Municipality-3, Marek, Myagdi, started the construction of a concrete house by selling last year's oranges. Karnakumari, who has reached the age of 72 years, is making a slope at her ho...
Opening of Nagadhunga tunnel tomorrow, only emergency vehicles will be allowed to ply
Kathmandu. Nepal's first modern transport tunnel 'Nagadhunga-Sisnekhola Tunnel' will be formally inaugurated from Monday.
The total cost of this project, which was completed with the concessional loan of Japan International Cooperation Agenc...
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...
Here is the foreign currency exchange rate today
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Wednesday. According to the National Bank, the buying rate of one US dollar has been fixed at 151 rupees 28 paisa and the selling rate is 151 rupees 88 paise. Simil...