Section 48: Term of Office of the Director

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A director’s term of office is a maximum of four years, and such person may also be re-nominated or reappointed.

Provided that the independent director may be appointed for only a single tenure of office.

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insurance act
nepal law

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Section 50: Disqualifications of Directors
Section 145: Departmental actions may be taken
Section 126: Employment contract not to be violated
Section 44: Construction Works May be Caused to be Carried Out by the Users Committee or Beneficiary Community
Section 157: Collection of Statistics
Section 8: Privileges and Facilities to the Bank
Section 3: Establishment of the Authority
Section 86D: Effect of the Control of the Bank on any Commercial Bank or Financial Institution
Section 22: Restriction on employment of foreigners
Section 148: No Hindrance to take actions according to prevailing laws
Section 74: Consultation on the Matter of Law Reform
Section 106C: Government of Nepal May Give Directives
Section 56: Provision Concerning Extension of Contract Period
Section 79: Micro-Insurance Regulation Fees
Section 74A: May Formulate Technical Guidance, Procedures and Directives
Section 79: Debts to be recovered
Section 102: Filing Appeals
Section 15: Punishment
Section 108: Provisions After the Achievement of Improvement in Condition of the Insurer
Section 83: Accounts to be maintained accurately
Section 128: Prohibition on filing of case against loss
Section 88M: Final Description of the Work Relating to Resolution to be Submitted
Section 123: Special provisions relating to the submission of collective claims, demands
Section 3: License to be Obtained to Carry on Foreign Exchange Transaction
Section 113: Insurance Business May Be Transferred
Section 24: Resignation by Director
Preamble
Section 35: Function, Duties and Powers of the Audit Committee
Section 37: Functions, Duties and Powers of Preliminary General Meeting
Section 90: Provisions relating to enterprise which is incorporated in foreign country and operates business in Nepal
Section 129: Complaint Regarding Loss or Damage
Section 65: Dealing in Foreign Exchanges
Section 69: Banker, Advisor and Financial Agent
Section 83: Direction may be issued
Section 35: Payment of remuneration
Section 97: Prohibition to act
Section 78: Claim of Micro-Insurance
Section 61: Reproduction and Counterfeiting of Currency
Section 140: Inter-government transactions may be carried out
Section 5: Registration Required
Section 149: No Obstruction for Punishment
Section 45: Maternity leave
Section 59: License to be obtained
Section 66: Liability of labours to rest on the main employer
Section 64: Public Procurement Monitoring Office
Section 35: Evaluation of Financial Proposals
Section 93: Responsibilities of Insurance Intermediaries
Section 38: Functions, Duties and Powers of Annual General Meeting
Section 3: Formation of Organisation
Section 16: Appointment of the Deputy Governor
Section 129: To refer for investigation
Section 124: Payment of Re-insurance Claim
Section 88: Provisions relating to domestic labours
Section 164: Decision may be made by the Labour Court
Section 82: Information to be Furnished to Bank
Section 137: Social Audits may cause to be conducted
Section 29: Amendment to Bylaws and Internal Procedures
Section 139: Procedures of Taking Actions
Section 115: Management Committee may write to take action
Section 9B: Acts Not to be Done by the Exporter
Section 116: Recommendation may be made
Section 10: Qualification of Bidder or Proponent
Section 117: Liquidation of Insurance Company
Section 42: Allocation of net loss
Section 160: Procedures of the cases
Section 14: Formation of the Board
Section 2: Definitions
Section 14: Obligations of the Intermediary Practitioner
Section 140: Termination of time-based and work-based employment
Section 170: Fixation of basic remuneration
Section 11: Process and Stage of Bidding
Section 26: Remuneration may be repatriated in convertible foreign currency
Section 9: Right to remedy
Section 152: Complaint Hearing
Section 18: Working Area of Cooperative Organisation
Section 134: Power to suspend
Section 7: Not to avail or provide loans in an unauthorised manner
Section 183: Repeal and saving
Section 37: May order capital reduction
Section 81: Credit Information Centre
Section 108: Internal management may be made
Section 152: Majority decision to prevail
Section 88D: Power to be Automatically Suspended During the Period of Resolution
Section 97: To render necessary assistance
Section 47: Formation of Board of Directors
Section 135: Special Provisions concerning operation of Association
Section 42: Special Provision Relating to Ration Procurement
Section 11B: To Search for Suspicious Person
Section 7: Functions not to be Carried out by the Bank
Section 105: Trust Accounts
Section 4: Description of Goods, Construction Works and Services to be Prepared
Section 20: Fund of the Insurance Authority
Section 43: Provision Relating to Renting House and Land and Obtaining Service on Contract
Section 3: Electronic Trading May be Carried Out
Section 14: Invitation to Bids
Section 74: Power to Make Rules
Section 57: Prohibition of Purchase of Goods with Commercial Objectives
Section 28: Internal Procedures may be framed
Section 64: Provisions Concerning Withdrawal of Amount and Operation of Accounts
Section 87: Audit of Insurer
Section 90: Account System
Section 166: Decisions to be executed
Preamble
Section 180: This Act not to apply
Section 41: Public leave
Section 47: Failure to Maintain Compulsory Deposit
Section 23: Notice to be published
Section 3: Establishment of the Bank
Section 100: Annual Report to be submitted
Section 63: Management of Foreign Exchange
Section 4B: Payment for Sale of Goods or Provision of Services to a Foreigner
Preamble
Section 77: Ineligibility for Appointing Auditor
Section 10: Not to acquire assets or open account by borrower who has over dues
Section 39: Capital of the Bank
Section 172: Repeal and Saving
Section 14A: Not to carry out Dhukuti transactions
Section 80: Arrangements for control of infectious diseases to be made
Section 75: Micro Insurance is Required
Section 126: Apparent loss or damage
Section 65: Functions, Duties and Powers of Public Procurement Monitoring Office
Schedule
Section 67: Procurement process under this Act not to be applied
Section 35: List to be Published
Section 88C: Function, Duty and Power of Special Administration Team
Section 20: Reward to be Provision of Information
Section 6: Prohibition on discrimination
Section 56: Provisions on Exchange of Currency
Section 55: Prohibition on Disbursing Credit
Section 120: Expert Service may be sought
Section 165: Provide Expert Services
Section 107: No Responsibility for Acts Done in Good Faith
Section 92: Deemed to be unfair labour practice
Section 151: Standards, Directives or Procedures may be framed and submit
Section 73: Investment in Subsidiary Company
Section 128: Nepal Rastra Bank may punish
Section 170: Implementing Guidelines and Procedures
Section 5: Function, Duties and Powers of the Bank
Section 52: Procurement Contract and Terms and Conditions Thereof
Section 58: Provisions Relating to Currency Inventory and Issuance of Currency
Section 27: Acting Governor
Section 94: Report on Monetary Policy
Section 160: Delegation of Authority
Preamble
Section 57: Appointment of the Executive Director
Section 8: Not to misuse credit
Section 76: Appointment of an Auditor
Section 152: Repeal and Saving
Section 67: Prohibition on collecting fee from labour
Section 97: Special Provisions concerning Inspection and Monitoring of Organisation or Association carrying out transactions of savings and credits
Section 11: International Cooperation and Relationship
Section 179: This Act to prevail
Section 5: Functions, Duties and Power of the Authority
Section 114: Application may be made to the Office
Section 1: Short Title, Extension and Commencement
Section 122: Arbitral award and collective agreement to be binding
Section 142: Employment may be terminated on the ground of incompetence
Section 28: Application to be made
Section 32: Power to Give Directions
Section 177: Labour coordination committee
Section 2: Definitions
Section 66: Foreign Exchange Reserve
Section 178: Transitional provisions
Section 3B: Other Provisions Relating to Foreign Exchange Transactions
Section 104: Organisation or Association may be declared problematic
Section 23: Repeal
Section 2: Definitions
Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 31: Delegation of powers
Section 87: Provisions concerning Amalgamation and Division
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 42: Substitute leave
Section 26: Summary Procedure to be Adopted
Section 52: Limit of Personal Saving
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