Punishment in the case of association or society - NEPAL MONETARY SOLUTIONS (NMS)

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Friday, March 28, 2014

Punishment in the case of association or society

Punishment in the case of association or society
Imposition of fine for failure to submit information

A fine not exceeding One Thousand Five Hundred Rupees shall be imposed, by order of the Registrar, on any association or society which fails to submit a report pursuant to Section 34 or information as referred to in Sub-section (3) of Section 35.

Imposition of fine on person carrying on trade by using the word cooperative
A fine not exceeding Two Thousand Rupees shall be imposed, by order of the Registrar, on a person, other than an association or society registered pursuant to this Act, who carries on trade and business in violation of Section 46. If such person who has once been punished with fine is held to have again carried on trade and business in violation of that Section, such person shall be liable to a fine not exceeding Five Thousand Rupees for each instance following the second instance.

Appeal
The concerned association or society or person who is not satisfied with the cancellation of registration of such association or society made by the Registrar or person authorized by him/her pursuant to Sub-section (3) of Section 41 or with an order made by the Registrar pursuant to Section 43 or 44 may make an appeal to the Court of Appeal within thirty-five days.

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