Cooperatives (First Amendment) Ordinance, 2026

Issued to amend the Cooperatives Act, 2017, this Ordinance introduces a "Regulatory Authority" specifically for cooperatives primarily engaged in savings and credit. Key reforms include broadening the definitions of "Family" and "Relatives," establishing a "Revolving Relief Fund" for immediate deposit refunds, and granting authorities the power to freeze assets and restrict international travel of directors of problematic cooperatives.