Section 55: Prohibition on Disbursing Credit

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No Cooperative Bank may disburse credit against the collateral or security of its own shares.

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cooperatives act
nepal law

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Section 3: To remain as minimum standards
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Section 102: Measures For the Reformation of Problematic Insurer
Section 17: Provisions relating to labour to be applicable
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Section 52: Contribution for provident fund
Section 12: Employment relationship to be established
Section 14: Application to be Submitted for Registration
Section 134: Due Amount to be recovered
Section 23: Values, norms and principles of cooperative to be complied with
Section 62: Liquid Assets to be maintained
Section 97: Prohibition to act
Section 166: Issue Orders and Directives
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Section 50: Transaction of Savings and Credits to be made concentrating on Member
Section 106: Notice of the Work
Section 127: Person Entitled to Get Payment
Section 148: Payment of benefits
Section 81: Credit Information Centre
Section 110: To be borne from Assets of Organisation or Association
Section 29: Amendment to Bylaws and Internal Procedures
Section 56: Management of Insurance Company
Section 16: Trainees may be engaged in work
Section 170: Fixation of basic remuneration
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Section 55: Delegation of Powers
Section 161: Contact with the Government of Nepal
Section 100: Annual Report to be submitted
Section 82: Special provisions relating to treatment of occupational disease
Section 30: Provisions relating to overtime
Section 144: Punishment for those who oppose obstacles
Section 10: Types of employment
Section 64: Obligations of the main employer
Section 69: Activities restricted to be carried on by Insurance Company
Section 172: Entitlement to remuneration and other benefits
Section 107: Inventory to be prepared
Section 74: Obtained Approval While Selling Assets
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Section 155: Power to demand bank guarantee or deposit
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Section 59: License to be obtained
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Section 53: To receive gratuity
Section 159: Submission of Report to Government of Nepal
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Section 52: Meetings of Board of Directors
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Section 94: Powers, functions and duties of the Office
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Section 61: Type of Insurance Business
Section 21: Provisions relating to social security
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Section 86: Provisions relating to transport labours
Section 176: Special powers of the Ministry
Section 6: Prohibition on discrimination
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Section 158: High Court to perform functions of Labour Court
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Section 15: Non-abuse of regulatory opportunity
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Section 150A: Instructions On Prevention of Money Laundering Must Be Followed
Section 85: Special provisions relating to construction labours
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Section 174: Delegation of authority
Section 180: This Act not to apply
Section 40: Weekly leave
Section 46: Not to be involved in the decision-making process having conflict of personal interest
Section 82: Credits Recovery Tribunal
Section 124: Punishment
Section 59: Technical or Management Service Agreement
Section 8: Not to misuse credit
Section 68: Reserve Fund
Section 156: Power to order payment of interest
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Section 76: Appointment of an Auditor
Section 104: Functions, Duties and Powers of Special Administration Team
Section 16: Punishment to the Persons Creating Hindrance
Section 6: Not to obtain or make payment by way of abuse or unauthorised use of electronic means
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Section 19: Working Area of Association and Cooperative Bank
Section 2: Definitions
Section 130: Observance of discipline and duties
Section 124: Right to lock-outs
Section 165: Appeal
Section 135: Opportunity to be given to submit clarification
Section 80: Provisions concerning Blacklist
Section 40: Directives may be given to call an Extraordinary General Meeting
Section 141: Employment may be terminated voluntarily
Section 45: Directors may be removed from Office
Section 144: Encouragement may be given
Section 19B: Power to request details
Section 24: Restriction on Insurance Business without license
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Section 35: List to be Published
Section 159: To forward the matter to the body having jurisdiction
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Section 138: Punishment may be remitted
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Section 86: No hindrance to take actions
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