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Name: Cooperatives Act, 2048 (1992).
Country: Nepal
Subject(s): Cooperatives
Type of legislation: Law, Act
Adopted on: 1992-05-15
Entry into force:
ISN: NPL-1992-L-39064
Bibliography: The Co-operative Act, 1992, 1992-05-15, National Co-operative Board, Nepal, Pulchok, Lalitpur
Laws on-line in English Laws on-line in English Nepal Law Commission,, Nepal PDF of Act as amended to 2000 PDF of Act as amended to 2000 (consulted on 2011-08-11)
Abstract/Citation: Sets up the formation of society or union. Specifies the requirements for membership. Provides for the adoption of cooperative bye-laws. Sets forth the functions, duties and powers of the general assembly, the board of directors. Appoints Accounts Committees in charge of the audit of cooperatives. Entitles the Registrar to registrate -inter alia- societies. Other provisions cover financial resources and mobilization. Specifies that a society or union shall not be allowed to provide donation or any other type of economic assistance to any political party or any other institution or association that works for a particular religion or sect. Makes provision for the amalgation, division, dissolution and cancellation of cooperatives. Lists the different immunities and facilities of societies and unions as for example tax exemptions. Repeals the Sajha Societies Act of 1984 so that a society or union registered under the Sajha Societies Act 1984 shall be deemed to have been registered under this Act.
Repealed text(s):
Implementing text(s):

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