Authorities Renew Registration Call for Savings and Credit Cooperatives, Deadline Set for July 16

The National Cooperative Authority has once again urged savings and credit cooperative organizations to complete their registration by July 16. This comes after the government removed the registration deadline through the amendment ordinance to the Cooperative Act 2074, prompting the authority to reopen the registration process. Currently, about 10,000 cooperatives have initiated their registration, accounting for only approximately 30 percent of those in operation.

The government’s ordinance grants the authority the discretion to decide the fate of cooperatives that have not registered. Following the amendment of the Cooperative Act 2074, which allows the authority to set deadlines for unregistered cooperatives, a renewed call for registration has been issued with a deadline of July 16.

The ordinance mandates prior approval from the authority for a cooperative to register. The authority implemented the “Registration and Documentation Standards for Savings and Credit Cooperatives, 2082” on January 24, 2026 (2082 Poush 10), which is now in effect. According to data showing there are approximately 32,000 cooperatives in total, the authority expects around 15,000 cooperatives to complete registration.