National Cooperatives Development Board Act, 2049 (1992)

What does it do?

• The Act set up the National Cooperative Development Board as an autonomous body with perpetual succession, based in the Kathmandu Valley, to help develop cooperatives at the national level so as to improve the economic and social conditions of people on low incomes. The Board recommended cooperative policies to the government, helped implement them, carried out research, invested in shares of cooperatives and cooperative banks, and could guarantee cooperatives' borrowing.न्यून आय भएका जनताको आर्थिक र सामाजिक स्तर सुधार गर्न राष्ट्रियस्तरमा सहकारी संस्था तथा सङ्घको विकासमा सघाउ पुर्‍याउने उद्देश्यले यो ऐनले काठमाडौं उपत्यकामा प्रधान कार्यालय रहने गरी अविच्छिन्न उत्तराधिकारवाला स्वशासित संस्थाका रूपमा राष्ट्रिय सहकारी विकास बोर्ड स्थापना गरेको थियो। बोर्डले सहकारी नीति तर्जुमा गरी नेपाल सरकारलाई सिफारिस गर्ने, कार्यान्वयनमा सहयोग गर्ने, अध्ययन–अनुसन्धान गर्ने, सहकारी संस्था र सहकारी बैंकको सेयरमा लगानी गर्ने तथा सहकारीले लिने ऋणमा जमानत दिन सक्ने व्यवस्था थियो। Ministry of Law, Justice and Parliamentary Affairs (moljpa.gov.np), consolidated text Preamble, PDF p. 1; Sections 3–6, PDF pp. 2–4
• An executive committee chaired by the minister responsible for cooperatives ran the Board. Members included the Governor of Nepal Rastra Bank, several federal secretaries, the chair of the National Cooperative Federation, the Registrar of the Department of Cooperatives, two members elected by central cooperative federations, seven nominees from the seven provinces, one woman cooperative worker and two experts.सहकारी हेर्ने मन्त्री वा राज्यमन्त्रीको अध्यक्षतामा गठित कार्यकारी समितिले बोर्ड सञ्चालन गर्थ्यो। समितिमा नेपाल राष्ट्र बैंकका गभर्नर, विभिन्न मन्त्रालयका सचिव, राष्ट्रिय सहकारी सङ्घका अध्यक्ष, सहकारी विभागका रजिस्ट्रार, केन्द्रीय सहकारी सङ्घका अध्यक्षहरूले छानेका दुई जना, सात प्रदेशबाट मनोनीत सात जना, एक जना महिला सहकारीकर्मी र दुई जना विज्ञ सदस्य रहन्थे। Ministry of Law, Justice and Parliamentary Affairs (moljpa.gov.np), consolidated text Section 7(1)–(3), PDF pp. 4–5
• The Board had its own fund, fed by government and donor grants (foreign grants only with government approval) and fees, and had to set up a separate Cooperative Development Fund to give cooperatives cheap loans or grants. Its accounts were audited by the Auditor General or an auditor the Auditor General appointed, and it had to send an annual report to the government within six months of the fiscal year's end.बोर्डको छुट्टै कोष थियो, जसमा नेपाल सरकार र दातृ निकायको अनुदान (विदेशी अनुदानका लागि नेपाल सरकारको पूर्वस्वीकृति) तथा शुल्क रहन्थ्यो। सहकारीलाई सुलभ ऋण वा अनुदान दिन बोर्डले छुट्टै सहकारी विकास कोष स्थापना गर्नुपर्थ्यो। बोर्डको लेखापरीक्षण महालेखापरीक्षक वा निजले तोकेको लेखापरीक्षकबाट हुन्थ्यो र आर्थिक वर्ष सकिएको छ महिनाभित्र नेपाल सरकारसमक्ष वार्षिक प्रतिवेदन पेस गर्नुपर्थ्यो। Ministry of Law, Justice and Parliamentary Affairs (moljpa.gov.np), consolidated text Sections 11–13, PDF pp. 6–7; Section 17, PDF p. 8
• The Act Amending Some Nepal Acts relating to Cooperatives, 2081 repealed this Act and transferred the Board's property, liabilities and staff to the new National Cooperative Regulatory Authority; the Board's members left office automatically. The High-Level Economic Reform Commission had noted that the ordinance preceding that Act (issued 2081-09-14 BS) abolished the Board and created the Authority to regulate and supervise the cooperative sector.सहकारी सम्बन्धी केही नेपाल ऐनलाई संशोधन गर्ने ऐन, २०८१ ले यो ऐन खारेज गरी बोर्डको चल–अचल सम्पत्ति, दायित्व र कर्मचारी नयाँ राष्ट्रिय सहकारी नियमन प्राधिकरणमा सारेको छ; बोर्डका सदस्य स्वतः पदमुक्त भएका छन्। उच्चस्तरीय आर्थिक सुधार सुझाव आयोगले सो ऐनअघि २०८१ पुस १४ मा जारी अध्यादेशले सहकारी क्षेत्रको नियमन र सुपरिवेक्षणका लागि बोर्ड खारेज गरी प्राधिकरण गठन गरेको उल्लेख गरेको थियो। Ministry of Law, Justice and Parliamentary Affairs · High-Level Economic Reform Commission (उच्चस्तरीय आर्थिक सुधार सुझाव आयोग), submitted to the Ministry of Finance Amendment Act 2081, Section 5(3)–(6), PDF p. 46; HLERC report, cooperatives chapter para 3 (PDF p. 203, printed p. 136)

Gaps, loopholes and improvement ideas

None documented in the official reports we have reviewed so far.

Where does it conflict with other laws?

No conflict with another law is documented in the sources we have reviewed so far.