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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department is planning to introduce strict rules for implementing provisions related to distribution of dividends, establishment of service centres, money laundering under the Cooperatives Act and Regulations through a unified directive. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first time that the Department of Cooperatives is preparing to issue a unified directive after the implementation of the Cooperatives Act 2074. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Act has a provision for the registrar to issue directives to the cooperatives. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We have prepared a unified directive with almost 100 new provisions in line with the Cooperatives Act,” said Registrar of the department Jhalakram Adhikari.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We will take suggestions from all stakeholders and finalize the draft soon,” he added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department had held discussion regarding the issue with representatives of cooperatives on Monday. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a source at the department, they are focused on implementing the Cooperatives Act and Regulations through the directive.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The draft of the directive has proposed barring cooperatives with more than 5 percent bad loans from distributing dividends. Such a proposal has been made because distribution of dividends risks the organization when bad debts are high. </span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department is planning to introduce strict rules for implementing provisions related to distribution of dividends, establishment of service centres, money laundering under the Cooperatives Act and Regulations through a unified directive. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first time that the Department of Cooperatives is preparing to issue a unified directive after the implementation of the Cooperatives Act 2074. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Act has a provision for the registrar to issue directives to the cooperatives. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We have prepared a unified directive with almost 100 new provisions in line with the Cooperatives Act,” said Registrar of the department Jhalakram Adhikari.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We will take suggestions from all stakeholders and finalize the draft soon,” he added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department had held discussion regarding the issue with representatives of cooperatives on Monday. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a source at the department, they are focused on implementing the Cooperatives Act and Regulations through the directive.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The draft of the directive has proposed barring cooperatives with more than 5 percent bad loans from distributing dividends. Such a proposal has been made because distribution of dividends risks the organization when bad debts are high. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, cooperatives will face action if they open service centres without taking permission from the department. The new directive also has provision that requires cooperatives to inform the department about suspicious transactions in order to discourage money laundering.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department is planning to introduce strict rules for implementing provisions related to distribution of dividends, establishment of service centres, money laundering under the Cooperatives Act and Regulations through a unified directive. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first time that the Department of Cooperatives is preparing to issue a unified directive after the implementation of the Cooperatives Act 2074. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Act has a provision for the registrar to issue directives to the cooperatives. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We have prepared a unified directive with almost 100 new provisions in line with the Cooperatives Act,” said Registrar of the department Jhalakram Adhikari.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We will take suggestions from all stakeholders and finalize the draft soon,” he added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department had held discussion regarding the issue with representatives of cooperatives on Monday. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a source at the department, they are focused on implementing the Cooperatives Act and Regulations through the directive.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The draft of the directive has proposed barring cooperatives with more than 5 percent bad loans from distributing dividends. Such a proposal has been made because distribution of dividends risks the organization when bad debts are high. </span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department is planning to introduce strict rules for implementing provisions related to distribution of dividends, establishment of service centres, money laundering under the Cooperatives Act and Regulations through a unified directive. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first time that the Department of Cooperatives is preparing to issue a unified directive after the implementation of the Cooperatives Act 2074. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Act has a provision for the registrar to issue directives to the cooperatives. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We have prepared a unified directive with almost 100 new provisions in line with the Cooperatives Act,” said Registrar of the department Jhalakram Adhikari.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We will take suggestions from all stakeholders and finalize the draft soon,” he added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department had held discussion regarding the issue with representatives of cooperatives on Monday. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a source at the department, they are focused on implementing the Cooperatives Act and Regulations through the directive.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The draft of the directive has proposed barring cooperatives with more than 5 percent bad loans from distributing dividends. Such a proposal has been made because distribution of dividends risks the organization when bad debts are high. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, cooperatives will face action if they open service centres without taking permission from the department. The new directive also has provision that requires cooperatives to inform the department about suspicious transactions in order to discourage money laundering.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department is planning to introduce strict rules for implementing provisions related to distribution of dividends, establishment of service centres, money laundering under the Cooperatives Act and Regulations through a unified directive. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first time that the Department of Cooperatives is preparing to issue a unified directive after the implementation of the Cooperatives Act 2074. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Act has a provision for the registrar to issue directives to the cooperatives. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We have prepared a unified directive with almost 100 new provisions in line with the Cooperatives Act,” said Registrar of the department Jhalakram Adhikari.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department had held discussion regarding the issue with representatives of cooperatives on Monday. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a source at the department, they are focused on implementing the Cooperatives Act and Regulations through the directive.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first time that the Department of Cooperatives is preparing to issue a unified directive after the implementation of the Cooperatives Act 2074. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Act has a provision for the registrar to issue directives to the cooperatives. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We have prepared a unified directive with almost 100 new provisions in line with the Cooperatives Act,” said Registrar of the department Jhalakram Adhikari.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We will take suggestions from all stakeholders and finalize the draft soon,” he added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department had held discussion regarding the issue with representatives of cooperatives on Monday. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a source at the department, they are focused on implementing the Cooperatives Act and Regulations through the directive.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The draft of the directive has proposed barring cooperatives with more than 5 percent bad loans from distributing dividends. Such a proposal has been made because distribution of dividends risks the organization when bad debts are high. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, cooperatives will face action if they open service centres without taking permission from the department. The new directive also has provision that requires cooperatives to inform the department about suspicious transactions in order to discourage money laundering.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department is planning to introduce strict rules for implementing provisions related to distribution of dividends, establishment of service centres, money laundering under the Cooperatives Act and Regulations through a unified directive. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first time that the Department of Cooperatives is preparing to issue a unified directive after the implementation of the Cooperatives Act 2074. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Act has a provision for the registrar to issue directives to the cooperatives. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We have prepared a unified directive with almost 100 new provisions in line with the Cooperatives Act,” said Registrar of the department Jhalakram Adhikari.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We will take suggestions from all stakeholders and finalize the draft soon,” he added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department had held discussion regarding the issue with representatives of cooperatives on Monday. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a source at the department, they are focused on implementing the Cooperatives Act and Regulations through the directive.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The draft of the directive has proposed barring cooperatives with more than 5 percent bad loans from distributing dividends. Such a proposal has been made because distribution of dividends risks the organization when bad debts are high. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, cooperatives will face action if they open service centres without taking permission from the department. The new directive also has provision that requires cooperatives to inform the department about suspicious transactions in order to discourage money laundering.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department is planning to introduce strict rules for implementing provisions related to distribution of dividends, establishment of service centres, money laundering under the Cooperatives Act and Regulations through a unified directive. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first time that the Department of Cooperatives is preparing to issue a unified directive after the implementation of the Cooperatives Act 2074. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Act has a provision for the registrar to issue directives to the cooperatives. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We have prepared a unified directive with almost 100 new provisions in line with the Cooperatives Act,” said Registrar of the department Jhalakram Adhikari.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We will take suggestions from all stakeholders and finalize the draft soon,” he added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department had held discussion regarding the issue with representatives of cooperatives on Monday. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a source at the department, they are focused on implementing the Cooperatives Act and Regulations through the directive.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The draft of the directive has proposed barring cooperatives with more than 5 percent bad loans from distributing dividends. Such a proposal has been made because distribution of dividends risks the organization when bad debts are high. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, cooperatives will face action if they open service centres without taking permission from the department. The new directive also has provision that requires cooperatives to inform the department about suspicious transactions in order to discourage money laundering.</span></span></p>
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February 1: The Department of Cooperatives is preparing to tighten the noose on the distribution of dividends by cooperative organisations as well as setting up new service centers.
The department is planning to introduce strict rules for implementing provisions related to distribution of dividends, establishment of service centres, money laundering under the Cooperatives Act and Regulations through a unified directive.
This is the first time that the Department of Cooperatives is preparing to issue a unified directive after the implementation of the Cooperatives Act 2074.
The Act has a provision for the registrar to issue directives to the cooperatives.
“We have prepared a unified directive with almost 100 new provisions in line with the Cooperatives Act,” said Registrar of the department Jhalakram Adhikari.
“We will take suggestions from all stakeholders and finalize the draft soon,” he added.
The department had held discussion regarding the issue with representatives of cooperatives on Monday.
According to a source at the department, they are focused on implementing the Cooperatives Act and Regulations through the directive.
The draft of the directive has proposed barring cooperatives with more than 5 percent bad loans from distributing dividends. Such a proposal has been made because distribution of dividends risks the organization when bad debts are high.
Similarly, cooperatives will face action if they open service centres without taking permission from the department. The new directive also has provision that requires cooperatives to inform the department about suspicious transactions in order to discourage money laundering.
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department is planning to introduce strict rules for implementing provisions related to distribution of dividends, establishment of service centres, money laundering under the Cooperatives Act and Regulations through a unified directive. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first time that the Department of Cooperatives is preparing to issue a unified directive after the implementation of the Cooperatives Act 2074. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Act has a provision for the registrar to issue directives to the cooperatives. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We have prepared a unified directive with almost 100 new provisions in line with the Cooperatives Act,” said Registrar of the department Jhalakram Adhikari.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We will take suggestions from all stakeholders and finalize the draft soon,” he added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department had held discussion regarding the issue with representatives of cooperatives on Monday. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a source at the department, they are focused on implementing the Cooperatives Act and Regulations through the directive.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department is planning to introduce strict rules for implementing provisions related to distribution of dividends, establishment of service centres, money laundering under the Cooperatives Act and Regulations through a unified directive. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first time that the Department of Cooperatives is preparing to issue a unified directive after the implementation of the Cooperatives Act 2074. </span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department had held discussion regarding the issue with representatives of cooperatives on Monday. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a source at the department, they are focused on implementing the Cooperatives Act and Regulations through the directive.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The draft of the directive has proposed barring cooperatives with more than 5 percent bad loans from distributing dividends. Such a proposal has been made because distribution of dividends risks the organization when bad debts are high. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, cooperatives will face action if they open service centres without taking permission from the department. The new directive also has provision that requires cooperatives to inform the department about suspicious transactions in order to discourage money laundering.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Act has a provision for the registrar to issue directives to the cooperatives. </span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first time that the Department of Cooperatives is preparing to issue a unified directive after the implementation of the Cooperatives Act 2074. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Act has a provision for the registrar to issue directives to the cooperatives. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We have prepared a unified directive with almost 100 new provisions in line with the Cooperatives Act,” said Registrar of the department Jhalakram Adhikari.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We will take suggestions from all stakeholders and finalize the draft soon,” he added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department had held discussion regarding the issue with representatives of cooperatives on Monday. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a source at the department, they are focused on implementing the Cooperatives Act and Regulations through the directive.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The draft of the directive has proposed barring cooperatives with more than 5 percent bad loans from distributing dividends. Such a proposal has been made because distribution of dividends risks the organization when bad debts are high. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, cooperatives will face action if they open service centres without taking permission from the department. The new directive also has provision that requires cooperatives to inform the department about suspicious transactions in order to discourage money laundering.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department is planning to introduce strict rules for implementing provisions related to distribution of dividends, establishment of service centres, money laundering under the Cooperatives Act and Regulations through a unified directive. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first time that the Department of Cooperatives is preparing to issue a unified directive after the implementation of the Cooperatives Act 2074. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Act has a provision for the registrar to issue directives to the cooperatives. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We have prepared a unified directive with almost 100 new provisions in line with the Cooperatives Act,” said Registrar of the department Jhalakram Adhikari.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We will take suggestions from all stakeholders and finalize the draft soon,” he added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department had held discussion regarding the issue with representatives of cooperatives on Monday. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a source at the department, they are focused on implementing the Cooperatives Act and Regulations through the directive.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The draft of the directive has proposed barring cooperatives with more than 5 percent bad loans from distributing dividends. Such a proposal has been made because distribution of dividends risks the organization when bad debts are high. </span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department is planning to introduce strict rules for implementing provisions related to distribution of dividends, establishment of service centres, money laundering under the Cooperatives Act and Regulations through a unified directive. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first time that the Department of Cooperatives is preparing to issue a unified directive after the implementation of the Cooperatives Act 2074. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Act has a provision for the registrar to issue directives to the cooperatives. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We have prepared a unified directive with almost 100 new provisions in line with the Cooperatives Act,” said Registrar of the department Jhalakram Adhikari.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We will take suggestions from all stakeholders and finalize the draft soon,” he added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department had held discussion regarding the issue with representatives of cooperatives on Monday. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a source at the department, they are focused on implementing the Cooperatives Act and Regulations through the directive.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Act has a provision for the registrar to issue directives to the cooperatives. </span></span></p>
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'title' => 'Department of Cooperatives Preparing to Issue Unified Directive',
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'summary' => 'February 1: The Department of Cooperatives is preparing to tighten the noose on the distribution of dividends by cooperative organisations as well as setting up new service centers.',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 1: The Department of Cooperatives is preparing to tighten the noose on the distribution of dividends by cooperative organisations as well as setting up new service centers. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department is planning to introduce strict rules for implementing provisions related to distribution of dividends, establishment of service centres, money laundering under the Cooperatives Act and Regulations through a unified directive. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first time that the Department of Cooperatives is preparing to issue a unified directive after the implementation of the Cooperatives Act 2074. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Act has a provision for the registrar to issue directives to the cooperatives. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We have prepared a unified directive with almost 100 new provisions in line with the Cooperatives Act,” said Registrar of the department Jhalakram Adhikari.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We will take suggestions from all stakeholders and finalize the draft soon,” he added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department had held discussion regarding the issue with representatives of cooperatives on Monday. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a source at the department, they are focused on implementing the Cooperatives Act and Regulations through the directive.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The draft of the directive has proposed barring cooperatives with more than 5 percent bad loans from distributing dividends. Such a proposal has been made because distribution of dividends risks the organization when bad debts are high. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, cooperatives will face action if they open service centres without taking permission from the department. The new directive also has provision that requires cooperatives to inform the department about suspicious transactions in order to discourage money laundering.</span></span></p>
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