Preamble: Whereas, it is expedient to amend to and consolidate the prevailing laws relating to cooperatives in order to make economic, social and cultural upliftment of members of cooperative through integration of capital, technology and talents scattered amongst farmers, craftsperson, laborers, low income groups and marginalized communities or general consumers in accordance with norms, values and principles of cooperatives; to promote the regulation of cooperative organization as community-based, member-centric, democratic, autonomous, corporate entity; and to develop self-reliant, sustainable and socialism-oriented national economy by way of cooperative farming, industries, goods and services enterprises; Be it enacted by the Legislature-Parliament referred to in clause (1) of Article 296 of the Constitution of Nepal.
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Finance