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NPL-1992-L-39064
Breadcrumb
Title_of_text
Cooperatives Act, 2048 (1992).
Main Region
First Region
Country(ies)
Nepal
Subjects (Classification)
Cooperatives
Adopted on (Date of text)
1992-05-15
Scope of text
National
Type of legislation (Type of text)
Law, Act
Second Region
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.
Implementing Text region
Implementing text(s)
1993-03-01 (NPL-1993-R-41705)
Cooperatives Rules, 1993.
Repealed Text region
Repealed text(s)
1984-11-12 (NPL-1984-L-42723)
Sajha Societies Act 1984
Electronic region
Electronic source title
Laws on-line in English
Author
Nepal Law Commission
Place of publication
www.lawcommission.gov.np
Country
Nepal
URL
http://www.lawcommission.gov.np
File
NPL39064.pdf (PDF of Act as amended to 2000)
Monograph region
Monograph title
The Co-operative Act, 1992
Author
National Co-operative Board
Country
Nepal
Date
1992-05-15
Page range
Pulchok, Lalitpur