Section 89: Appointment of a Liquidator

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1) In case of revocation of a Cooperative Organisation pursuant to Section 88, the Registrar or the authority authorised by the Registrar shall appoint a liquidator.

2) Notwithstanding anything contained in Sub-Section (1), the Registrar may appoint the authority authorised by the Registrar or an employee as liquidator in case of a Cooperative Organisation having the assets of the prescribed ceiling.

Tagged:
cooperatives act
nepal law

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Section 119: Cooperative may be sought
Section 16: Appointment of the Deputy Governor
Foreign Exchange (Regulation) Act 2019
Section 70: Cooperative Promotion Fund
Section 13: Not to Derive Excess, Low or False Valuation or Prepare False Financials
Section 177: Labour coordination committee
Section 140: Termination of time-based and work-based employment
Section 35: Evaluation of Financial Proposals
Section 123: Saving of actions taken in good faith
Section 3: Formation of Organisation
Chapter-2 Establishment of Authority and Its Functions, Duties and Power
Section 159: To forward the matter to the body having jurisdiction
Section 20: Reward to be Provision of Information
Section 183: Repeal and saving
Section 42: Special Provision Relating to Ration Procurement
Section 119: Power of The Authority to Initiate the liquidation Process
Section 130: Observance of discipline and duties
Section 43: Restriction on Distribution of Dividend
Section 53: Measurement, Weights and Size of Coins
Section 21: Action not be initiated on the ground of breach of secrecy
Section 54: Functions of Cooperative Bank
Section 34: Opening of Financial Proposal
Section 175: Saving of acts done in good faith
Section 69: Duties of employer towards labour
Section 89: Provisions relating to seasonal enterprises
Section 69: Procurement Transaction May be Carried Out Through Electronic Communications Means
Section 2: Definitions
Section 23: Notice to be published
Section 15: Power of the Government of Nepal to Give Directives
Section 6: Power of Government of Nepal to Obtain Foreign Exchange
Section 9: Tenure of Chairperson and Members
Section 104: Functions, Duties and Powers of Special Administration Team
Section 29: Regulation may be framed
Section 34: Cancellation of License
Section 13: Prohibition of Sale and Distribution
Section 108: Oath of Office
Section 127: Double Fine to be imposed
Section 157: Collection of Statistics
Section 56: Provisions on Exchange of Currency
Section 29: Granting License
Section 88O: Application for Liquidation May be Made
Section 3: Establishment of the Bank
Section 136: Exercise of Voting Right
Section 83: Accounts to be maintained accurately
Section 101: Cooperative Savings and Credits Security Fund
Section 9: Not to misuse banking resources, means and assets
Section 20: Classification may be made on Sectoral Basis
Section 12: Pre-Qualification to be Determined
Bonus Act 2030
Section 117: Report to be submitted
Section 12: Vacancy in the office of Chairperson or Member
Section 24: Objective of Organisation or Association
Section 164: The Government of Nepal may Issue Directives
Section 7: Duty of Persons Who Have Source to Obtain Foreign Exchange
Section 46: Birth registration certificate to be submitted
Section 6: Prior Right of the Bank
Section 22: Provisions relating to Delivery of Notice
Section 153: Not to Make Insurance Transactions with Anyone Except Insurer
Section 14: Inspection
Section 100: Punishment for Violation of the Bank’s Regulation
Section 90: Provisions concerning Liquidation
Section 179: This Act to prevail
Section 170: Implementing Guidelines and Procedures
Section 114: Application may be made to the Office
Section 96: Penalty and Punishment
Section 5: Cost Estimate to be Prepared
Section 11: Not to stop credit facility in the way to loss working project of borrower
Section 173: Increment of insurance amount
Section 1: Short Title and Commencement
Section 53: Amendment to Procurement Contract
Section 86F: Power of the Bank for Corrective Action
Section 57: Appointment of the Executive Director
Section 44: Directors not to continue to hold the office
Section 80: Provisions concerning Blacklist
Section 76: Saving
Section 95: Powers, functions and duties of inspector
Section 59: Nepal Rastra Bank may take over Management
Section 123: Special provisions relating to the submission of collective claims, demands
Section 6: Formation of the Board
Section 125: Settlement of Small Amount Claim
Section 6: Prohibition on discrimination
Section 45: Operation of Open Market Transaction
Schedule
Section 109: Transfer may be made
Section 52: Procurement Contract and Terms and Conditions Thereof
Section169: Enact and Enforce Regulations
Section 41: Claim Payable Fund and Reserve Fund
Section 112: Notice to be given for submission of liabilities
Section 147: Prevailing law relating to companies not to apply
Section 121: Right to strike for settlement of collective disputes
Section 90: Work should not be done without a license
Section 3: Not to open an account or demand cash payment in an unauthorised manner
Section 157: Case may be compromised
Section 12A: Not to make any Fraudulent Activities to Bank and Financial Institutions and Cooperatives
Section 12: Not to Make Loss by Making Alteration in Account or Ledger or by Committing Forgery or Fraud
Section 105: Trust Accounts
Section 68: Method of Communication
Section 150A: Instructions On Prevention of Money Laundering Must Be Followed
Section 87: Audit of Insurer
Section 7: Functions not to be Carried out by the Bank
Section 4: Establishment of An Electronic Platform
Section 122: Offences deemed to be committed
Section 47: Application May be Filed Before the Chief of Public Entity
Section 52A: Provisions Relating to Advance Payment
Section 27: To be considered ineligible
Section 28: To be governed as per the prevailing laws
Section 16: Seller’s Liability
Section 123: Settlement of Insurance Claim
Section 8: Not to misuse credit
Section 10C: Provisions Relating to Repatriation, Investment of, and Transfer of Right in Foreign Exchange
Section 109: Authority may be delegated
Section 57: Social security scheme to be applicable
Section 46: Not to be involved in the decision-making process having conflict of personal interest
Section 74: Power to Make Rules
Section 61A: Departmental Action to be Taken
Section 88E: Notice and Registration of the Work Relating to Resolution
Section 138: Cooperative Education
Section 48: Term of Office of the Director
Section 68: International Clearing and Payment Agreements
Section 86D: Effect of the Control of the Bank on any Commercial Bank or Financial Institution
Section 58: Provisions Relating to Currency Inventory and Issuance of Currency
Section 4: Objectives of the Bank
Section 71: Allocation of Savings
Section 31: Application to be submitted to acquire membership
Section 102: Measures For the Reformation of Problematic Insurer
Section 133: Provisions relating to misconduct may be made in the bye-law
Section 11A: Designation of Investigating Officer
Section 39: Remuneration for reserve period
Section 39: Capital of the Bank
Section 62: Revocation, suspension of license or fine
Section 76: Bank’s Approval Required for Accepting Deposits or Giving Credits
Section 8: Privileges and Facilities to the Bank
Section 158: Not being held accountable for actions done with good intentions
Section 91: Annual Report
Section 136: Suspension of License or Ban of Insurance Business
Section 92: Qualifications of Insurance Mediators
Section 167: Power of the Office to have execution of decisions
Section 113: Audit Report to be prepared
Section 79: Debts to be recovered
Section 108: Internal management may be made
Section 3: To remain as minimum standards
Section 46: Restriction on sold, mortgaged, or transferred
Section 68: Formulation of safety and health Policy
Section 77: Ineligibility for Appointing Auditor
Section 110: Recommendation for Improving Financial Condition of the Insurer
Section 19: Remuneration and Other Benefits to the Directors
Section 171: Special provisions relating to managers and managerial level labours
Section 84: To be sent for freezing
Section 2: Definitions
Section 78: Exemptions, Facilities and Discounts
Section 90: Provisions relating to enterprise which is incorporated in foreign country and operates business in Nepal
Section 138: Fineable
Section 116: Insurer Many Acquire Another Insurer
Section 68: Possession of Property Prohibited
Section 24: Resignation by Director
Section 31: Refusal for Prior Approval and License
Section 3: Electronic Trading May be Carried Out
Section 14: Application to be Submitted for Registration
Section 86: Appointment of Auditor of Insurer
Section 7: Formation of Provincial Cooperative Association
Section 40: Weekly leave
Section 88A: Power of the Bank to Carry Out Work of Resolution
Section 63: Payment of remuneration and other benefits
Section 23: Repeal
Section 111: Other Provisions Regarding Special Management of The Insurer
Section 110: To be borne from Assets of Organisation or Association
Section 88C: Function, Duty and Power of Special Administration Team
Section 50: Disqualifications of Directors
Section 69: Secured Capital Redemption Fund
Section 82: Credits Recovery Tribunal
Section 120: Expert Service may be sought
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Section 89: Appointment of a Liquidator

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