Cooperative Law
Information to help you prepare, understand your questions and take the next step.
Legal questions and answers
45 questionsCooperative Law
Who can become a member of a cooperative in Nepal?
Cooperative Law
How do I apply for cooperative membership?
Cooperative Law
What rights does a cooperative member have?
Cooperative Law
Can a cooperative remove a member?
Cooperative Law
Can a cooperative deny benefits to a defaulting member?
Cooperative Law
What is the highest authority in a cooperative?
Cooperative Law
What decisions are made by the annual general assembly?
Cooperative Law
How often must a cooperative hold an annual general meeting?
Cooperative Law
Can members demand a special general meeting?
Cooperative Law
Can a cooperative board be dissolved?
Cooperative Law
What is the Audit Supervision Committee?
Cooperative Law
What can the Audit Supervision Committee do if funds are being misused?
Cooperative Law
Can a cooperative accept savings from anyone?
Cooperative Law
What should I do if a cooperative refuses to return my savings?
Cooperative Law
Does a cooperative depositor have the same protection as a bank depositor?
Cooperative Law
Can a cooperative use members' savings for any purpose?
Cooperative Law
Can a cooperative delay matured savings indefinitely?
Cooperative Law
Can a cooperative give loans to non-members?
Cooperative Law
Can a cooperative charge any interest rate it wants?
Cooperative Law
What should I do if I dispute a cooperative loan balance?
Cooperative Law
Can a cooperative auction collateral after loan default?
Cooperative Law
Can a borrower recover collateral after paying the cooperative loan?
Cooperative Law
Can a guarantor be held liable for another member's cooperative loan?
Cooperative Law
Where should I complain about a cooperative in Nepal?
Cooperative Law
Can I complain directly to the Department of Cooperatives?
Cooperative Law
What documents should I submit with a cooperative complaint?
Cooperative Law
Can the regulator investigate a cooperative after a complaint?
Cooperative Law
Can a regulator freeze a cooperative's transactions or bank account?
Cooperative Law
Can cooperative directors be personally responsible for misuse of funds?
Cooperative Law
Is misuse of member savings a criminal offence?
Cooperative Law
Can an auditor be liable for a false cooperative audit?
Cooperative Law
Can property bought using misused cooperative savings be recovered?
Cooperative Law
When can a cooperative be declared “troubled” in Nepal?
Cooperative Law
Who manages a cooperative after it is declared troubled?
Cooperative Law
What happens to depositor claims in a troubled cooperative?
Cooperative Law
Who gets paid first from a troubled cooperative?
Cooperative Law
Will every depositor get 100 percent of their savings back?
Cooperative Law
Can a troubled cooperative be revived instead of closed?
Cooperative Law
What conduct is a criminal offence under the Cooperative Act?
Cooperative Law
Who prosecutes serious offences under the Cooperative Act?
Cooperative Law
Which court hears Cooperative Act criminal offences?
Cooperative Law
Is there a deadline for filing a complaint about a Cooperative Act offence?
Cooperative Law
Can regulatory fines or decisions be appealed?
Cooperative Law
Can a cooperative dispute be settled without going to court?
Cooperative Law
When should I hire a lawyer for a cooperative dispute?
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