Kathmandu, November 15
Kadar Savings and Credit Cooperative Ltd., based in Ombahal, Kathmandu, has released the official agenda for its 16th Annual General Meeting (AGM), outlining key financial, administrative, and policy-related discussions aimed at strengthening cooperative governance and operational transparency.
According to the notice, the AGM will focus on reviewing the cooperative’s overall performance for the fiscal year 2079/080, approving major financial reports, and preparing frameworks for the upcoming fiscal year 2082/083.
Key Agendas to Be Discussed
1. Approval of Annual Reports:
The meeting will review and approve the committee’s report presented by the outgoing Executive Committee, the Treasurer’s financial statement, the Audit Committee’s report, the audited financial report, the future operational plan, and the Supervisory Committee’s report.
2. Loan Repayment and Interest Rates:
Members will discuss and finalize the loan repayment percentage, interest rates, and the profit–loss distribution for FY 2079/080, including decisions for the new fiscal year.
3. Annual Program Preparation:
The cooperative will draft the annual operational program for FY 2079/080.
4. Commercial Bank Loan Balance Approval:
The AGM will approve the outstanding loan balance maintained by the cooperative in commercial banks.
5. Cooperative Act Amendment Endorsement:
Members will deliberate on endorsing amendments or ordinances related to the Cooperative Act 2074.
6. Amendment to Service Operators Committee:
The tenure of the Electronic Accounting Service Operators Committee is proposed to be amended by 50%.
7. Auditor’s Expense Approval:
The meeting will approve expenses related to conducting the AGM for FY 2078/079.
8. Advance Budget Authority:
Authority will be granted to the Executive Committee to approve the advance budget for FY 2080/081.
9. Appointment of Signature Verification Reporter:
A designated individual will be appointed to authenticate the signatures of participating members at the AGM.
10. Miscellaneous Matters:
The final agenda includes additional issues raised during the meeting.
Strengthening Transparency and Financial Discipline
The cooperative stated that this AGM aims to reinforce good governance, accountability, and financial discipline, ensuring that members remain informed and involved in key decisions. With cooperative institutions playing a vital role in grassroots economic development, such structured and transparent discussions are expected to help maintain public trust and operational efficiency.
