Section 21: Transaction, Business, Industries, or Project may be operated

1) After receiving the certificate of registration pursuant to Section 15, the Organisation or Association may operate necessary transactions, businesses, industries, or projects subject to this Act and Byelaws for the purpose of attainment of the objectives referred to in Section 24.

2) The Cooperative Bank may operate its transactions or services only after obtaining a license from the Nepal Rastra Bank.

3) Notwithstanding anything contained in the prevailing laws, the Organisation or Association does not need to Registrar an organisation separately in order to carry on transactions, businesses, industries, or projects referred to in sub-Section (1).

Provided that in case the prevailing law requires such permission, approval or license has to be obtained to carry on such transaction, business, industries, or project, such transaction, business, industries, or project shall be carried out only after obtaining the permission, approval or license, accordingly.

4) In case the Organisation or Association obtains permission, approval or license from the agency or authority authorised according to the prevailing laws, it shall inform the Registrar or the authority authorised by the Registrar within fifteen days of the date of receipt of such permission, approval or license.

5) Two or more Organisations and Associations may, subject to this Act, carry on transactions, businesses, industries, or projects for the marketing of their product or services jointly or in partnership.

6) Other provisions relating to the operation of transactions, businesses, industries, or projects referred to in sub-Section (5) shall be as prescribed.

7) Notwithstanding anything contained in the prevailing laws, the Organisation or Association may sell the product of the transaction, business, industries, or project to be operated pursuant to sub-Section (1) in the brand name of the Co-operative.

Provided that in case the prevailing law requires that the approval of receiving such a brand has to be obtained, such approval shall be obtained accordingly.

8) The process and basis of issuance of the certificate of origin of the goods to be produced by the Organisation or Association shall be as prescribed.