Cooperatives Act, 2017

Provided that such term shall not denote a family member who has separated through partition or has separated kitchens and is engaged in their own profession or business.
(e) "Primary Capital Fund" means the share capital and reserve fund. Added by the Act to Amend Some Nepal Acts relating to Cooperative, 2081.(e1) "Authority" means the National Cooperative Regulatory Authority established pursuant to Section 103A.
(f) "Savings" means the amount deposited by a member in a cooperative society.
(g) "Ministry" means the Ministry of the Government of Nepal dealing with cooperative matters.
(h) "Main Transaction" means the transaction constituting more than at least thirty percent of the total mobilized savings liability up to the last fiscal year and the purchase or sales transaction of membership of the last fiscal year among the commercial activities operated by an association or union.
(i) "Registrar" means the Registrar designated pursuant to Section 92.
(j) "Audit Supervision Committee" means the Audit Supervision Committee pursuant to Section 48.
(k) "Bye-laws" means the bye-laws made by the concerned cooperative society pursuant to Section 27.
(l) "Department" means the Department of Cooperatives.
(m) "Share" means the divided unit of the share capital of a cooperative society.
(n) "Local Level" means the rural municipality and municipality, and said term also denotes sub-metropolitan city and metropolitan city.
(o) "Director" means a member of the committee, and said term also denotes the office-bearer of the committee.
(p) "Member" means a person who has obtained membership of a cooperative society.
(q) "Committee" means the Board of Directors pursuant to Sub-section (1) of Section 41.
(r) "Cooperative Bank" means the Cooperative Bank formed Amended by the Act to Amend Some Nepal Acts, 2075.pursuant to Section 12.
(s) "Cooperative Values" means internationally recognized cooperative values including self-help, self-responsibility, democracy, equality, equity, solidarity, honesty, openness, social responsibility and caring for others.
(t) "Cooperative Business" means the commercial activities conducted as per the provisions of the bye-laws of the cooperative society.
(u) "Cooperative Principles" means internationally recognized cooperative principles including voluntary and open membership, democratic member control, member economic participation, autonomy and independence, education, training and information, cooperation among cooperatives, and concern for community.
(v) "Cooperative Society" means an association or union, and said term also denotes a Cooperative Bank.
(w) "Union" means a District Subject-wise Cooperative Union, District Cooperative Union, Provincial Subject-wise Cooperative Union, Provincial Cooperative Union, Central Subject-wise Cooperative Union and Specialized Cooperative Union registered pursuant to Section 15, and said term also denotes the National Cooperative Federation registered pursuant to the same Section.
(x) "Association" means a subject-wise or multi-purpose association formed pursuant to Section 3 and registered pursuant to Section 15.
(y) "General Assembly" means the General Assembly of a cooperative society.