Cooperative Law (Sahakari Law)

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Legal questions and answers

45 questions
Cooperative Law (Sahakari Law)

Who can become a member of a cooperative in Nepal?

Cooperative Law (Sahakari Law)

How do I apply for cooperative membership?

Cooperative Law (Sahakari Law)

What rights does a cooperative member have?

Cooperative Law (Sahakari Law)

Can a cooperative remove a member?

Cooperative Law (Sahakari Law)

Can a cooperative deny benefits to a defaulting member?

Cooperative Law (Sahakari Law)

What is the highest authority in a cooperative?

Cooperative Law (Sahakari Law)

What decisions are made by the annual general assembly?

Cooperative Law (Sahakari Law)

How often must a cooperative hold an annual general meeting?

Cooperative Law (Sahakari Law)

Can members demand a special general meeting?

Cooperative Law (Sahakari Law)

Can a cooperative board be dissolved?

Cooperative Law (Sahakari Law)

What is the Audit Supervision Committee?

Cooperative Law (Sahakari Law)

What can the Audit Supervision Committee do if funds are being misused?

Cooperative Law (Sahakari Law)

Can a cooperative accept savings from anyone?

Cooperative Law (Sahakari Law)

What should I do if a cooperative refuses to return my savings?

Cooperative Law (Sahakari Law)

Does a cooperative depositor have the same protection as a bank depositor?

Cooperative Law (Sahakari Law)

Can a cooperative use members' savings for any purpose?

Cooperative Law (Sahakari Law)

Can a cooperative delay matured savings indefinitely?

Cooperative Law (Sahakari Law)

Can a cooperative give loans to non-members?

Cooperative Law (Sahakari Law)

Can a cooperative charge any interest rate it wants?

Cooperative Law (Sahakari Law)

What should I do if I dispute a cooperative loan balance?

Cooperative Law (Sahakari Law)

Can a cooperative auction collateral after loan default?

Cooperative Law (Sahakari Law)

Can a borrower recover collateral after paying the cooperative loan?

Cooperative Law (Sahakari Law)

Can a guarantor be held liable for another member's cooperative loan?

Cooperative Law (Sahakari Law)

Where should I complain about a cooperative in Nepal?

Cooperative Law (Sahakari Law)

Can I complain directly to the Department of Cooperatives?

Cooperative Law (Sahakari Law)

What documents should I submit with a cooperative complaint?

Cooperative Law (Sahakari Law)

Can the regulator investigate a cooperative after a complaint?

Cooperative Law (Sahakari Law)

Can a regulator freeze a cooperative's transactions or bank account?

Cooperative Law (Sahakari Law)

Can cooperative directors be personally responsible for misuse of funds?

Cooperative Law (Sahakari Law)

Is misuse of member savings a criminal offence?

Cooperative Law (Sahakari Law)

Can an auditor be liable for a false cooperative audit?

Cooperative Law (Sahakari Law)

Can property bought using misused cooperative savings be recovered?

Cooperative Law (Sahakari Law)

When can a cooperative be declared “troubled” in Nepal?

Cooperative Law (Sahakari Law)

Who manages a cooperative after it is declared troubled?

Cooperative Law (Sahakari Law)

What happens to depositor claims in a troubled cooperative?

Cooperative Law (Sahakari Law)

Who gets paid first from a troubled cooperative?

Cooperative Law (Sahakari Law)

Will every depositor get 100 percent of their savings back?

Cooperative Law (Sahakari Law)

Can a troubled cooperative be revived instead of closed?

Cooperative Law (Sahakari Law)

What conduct is a criminal offence under the Cooperative Act?

Cooperative Law (Sahakari Law)

Who prosecutes serious offences under the Cooperative Act?

Cooperative Law (Sahakari Law)

Which court hears Cooperative Act criminal offences?

Cooperative Law (Sahakari Law)

Is there a deadline for filing a complaint about a Cooperative Act offence?

Cooperative Law (Sahakari Law)

Can regulatory fines or decisions be appealed?

Cooperative Law (Sahakari Law)

Can a cooperative dispute be settled without going to court?

Cooperative Law (Sahakari Law)

When should I hire a lawyer for a cooperative dispute?

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