It has been decided that the working group will submit a report with a draft of legal reform to the office of the Prime Minister and the Council of Ministers within 30 days.
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A task force has been constituted to implement the legal recommendations pointed out in the report of the Parliamentary Special Investigation Committee on the misappropriation of savings funds of cooperative societies.
The task force formed under the coordination of the Chief Secretary of the Government of Nepal, Ek Narayan Aryal, includes the Joint Secretary in charge of the Financial Division of the Ministry of Finance, the Director of the National Bank Supervision and Regulation Area, and the Registrar of the Cooperative Department. Namraj Ghimire, Joint Secretary of the Office of the Prime Minister and Council of Ministers, is the member secretary of the working group. It has been decided that the
task force will submit a report with a draft of legal reforms to the office of the Prime Minister and the Council of Ministers within 30 days.
It has been decided to implement the recommendations of the special investigation committee, to form a separate regulatory body for cooperative regulation, and to proceed with the process for establishing the cooperative savings and loan protection fund.
