NCRA and ICAN Partner to Strengthen Cooperative Regulation in Nepal
Summary
The National Cooperatives Regulatory Authority and the Institute of Chartered Accountants of Nepal have signed an MoU to enhance regulation and transparency in Nepal's cooperative sector, introducing new registration standards and an online system.
Key Points
- The National Cooperatives Regulatory Authority (NCRA) and the Institute of Chartered Accountants of Nepal (ICAN) have signed an MoU to strengthen cooperative regulation.
- The MoU focuses on improving financial discipline, auditing, and accountability in savings and credit cooperatives.
- NCRA introduced the 'Registration and Documentation Standard, 2082' mandating cooperative registration at federal, provincial, and local levels.
- An online cooperative registration system will launch in September–October 2025 to promote transparency and compliance.
