The proposed Cooperatives Act 2072 is aimed at modernizing and updating the existing Cooperatives Act 2048 to meet current needs. Some provisions in the draft bill have been debated, including those relating to board tenure, investment restrictions, and mandatory share capital requirements. While certain provisions like increasing women's participation are welcomed, others may hinder the cooperative movement by over-regulating aspects like name changes, mergers, and profit distribution in a way that goes against global cooperative principles. The bill needs to balance oversight with allowing cooperatives flexibility to serve members according to local contexts.