Section 90: Work should not be done without a license

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No person shall carry out the functions of Insurance mediators without obtaining a license under this Act.

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insurance act
nepal law

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Section 59: Technical or Management Service Agreement
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Section 150A: Instructions On Prevention of Money Laundering Must Be Followed
Section 29: Coordination Required
Section 86: Provisions relating to transport labours
Section 92: Deemed to be unfair labour practice
Section 136: Exercise of Voting Right
Section 54: Medical insurance to be made
Section 17: Buyer’s Obligations
Section 82: Information to be Furnished to Bank
Section 8: Not to misuse credit
Section 90: Account System
Section 63: Payment of remuneration and other benefits
Section 88C: Function, Duty and Power of Special Administration Team
Section 144: Punishment for those who oppose obstacles
Section 31: Application to be submitted to acquire membership
Section 33: Grievance Management
Section 128: Prohibition on filing of case against loss
Section 91: License to Insurance Mediators
Section 11: International Cooperation and Relationship
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Section 131: Misconduct and punishment
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Section 67: Prohibition on collecting fee from labour
Section 63: Blocklisting and Exclusion from the Blocklist
Section 35: Evaluation of Financial Proposals
Section 116: Recommendation may be made
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Section 35: Payment of remuneration
Section 28: Meeting of the Board
Section 119: Power of The Authority to Initiate the liquidation Process
Section 16: Registration may be Denied
Section 79: Micro-Insurance Regulation Fees
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Section 150: Special provisions relating to regulation, monitoring and supervision
Section 119: Cooperative may be sought
Section 23: Audit Committee
Section 60: Public Notice of Procurement Contract
Section 9B: Acts Not to be Done by the Exporter
Section 32: Fixation of working hours
Section 31: Delegation of powers
Section 81: To engage in easier work
Section 79: To give information
Section 125: Picketing or assembly may be made
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Section 158: Not being held accountable for actions done with good intentions
Section 38: Prohibition on deduction of remuneration
Section 17: Appointment of the Directors
Section 129: To refer for investigation
Section 60: Submission of details by licensee
Section 112: Final Report to be Submitted
Section 47: Failure to Maintain Compulsory Deposit
Section 33: Management Committee
Section 61: Reproduction and Counterfeiting of Currency
Section 29: Functions, Duties and Powers of the Board
Section 23: Values, norms and principles of cooperative to be complied with
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Section 88M: Final Description of the Work Relating to Resolution to be Submitted
Section 33: Arrangement for transportation to be made
Section 99: Fine for Violation of the Bank’s Regulation
Section 149: Labours to get first priority
Section 143: Special Provision Related with The Insured
Section 15: Continuity of existence of employment relationship during the period held in reserve
Section 65: To make inspection, supervision and monitoring
Section 20: Validity Period of Bid
Section 60: Currency Recall or Withdrawal
Section 85: Preference to be accorded
Section 91: To observe fair labour practice
Section 9: Formation of Specialised Cooperative Association
Section 29: Amendment to Bylaws and Internal Procedures
Section 2: Definitions
Section 86A: Commercial Banks and Financial Institutions to Provide Information to the Bank
Section 9A: To Receive Payment of Value of Exported Goods
Section 10: Coordination with Public Bodies
Section 134: Power to suspend
Section 172: Repeal and Saving
Section 13: Functions Duties and Powers of the Chairperson
Section 105A: State Government may constitute a State Labour Advisory Council
Preamble
Section 170: Fixation of basic remuneration
Section 110: Power to Frame Rules and Bylaws
Section 47: Formation of Board of Directors
Section 14: Inspection
Section 130: Government of Nepal to be a plaintiff
Section 21: Accounting of Income and Expenditure
Section 127: Person Entitled to Get Payment
Section 52A: Provisions Relating to Advance Payment
Section 147: Compulsory retirement
Section 74B: Right to Remove Obstacles
Section 130: Insurance Mediation
Section 18A: Filing of Case
Section 3: Not to open an account or demand cash payment in an unauthorised manner
Section 13: Provision relating to probation period
Section 44: Allotment of Shares
Section 108: Internal management may be made
Section 54: Variation Order
Section 8: Privileges and Facilities to the Bank
Preamble
Section 69: Procurement Transaction May be Carried Out Through Electronic Communications Means
Section 80: Provisions concerning Blacklist
Section 21: Claim or Complaint Not to Lie
Section 115: The Authority may give directions to merge or to be amalgamated
Section 105: Trust Accounts
Section 74: Consultation on the Matter of Law Reform
Section 77: Ineligibility for Appointing Auditor
Section 103: Special Administration/Management Team
Section 25: Evaluation of Bids
Section 98: Report to be submitted
Section 18: Engagement in work as trainee labour
Section 52: Limit of Personal Saving
Section 21: Action not be initiated on the ground of breach of secrecy
Section 35: May Grant Exemptions, Facilities, or Concessions
Section 17: Provisions relating to labour to be applicable
Section 135: Opportunity to be given to submit clarification
Section 44: Directors not to continue to hold the office
Preamble
Section 1: Short title and commencement
Section 88B: Provision Relating to the Formation of the Special Administration
Section 30: Criteria to be Followed
Section 38: Insurance Fund
Section 156: Power to order payment of interest
Section 151: Formation of Labour Court
Section 76: Bank’s Approval Required for Accepting Deposits or Giving Credits
Section 94: Delegation of Authority
Section 88O: Application for Liquidation May be Made
Section 162: Right to make complaint
Section 81: Credit Information Centre
Section 60: De-registration
Section 3: Establishment of the Bank
Section 21: Transaction, Business, Industries, or Project may be operated
Section 115: Management Committee may write to take action
Section 88N: Exchange of Reciprocal Assistance
Section 1: Short Title, Extension and Commencement
Section 34: Cancellation of License
Section 27: Remuneration, conditions of service, benefits of and other provisions relating to foreign labours
Section 104: Organisation or Association may be declared problematic
Section 49: Functions, duties and powers of Accounts Supervision Committee
Section 14: Continuity of existence of the employment relationship despite change in ownership
Section 88D: Power to be Automatically Suspended During the Period of Resolution
Section 96: Penalty and Punishment
Section 126: To freeze transactions, accounts and assets
Section 27: Monitoring and Inspection of Electronic Commerce
Section 2: Definition
Section 23: Foreign citizen to obtain work permit to work in Nepal
Section 152: Complaint Hearing
Section 144: Encouragement may be given
Section 12: Personal Information Must be Kept Confidential
Section 106C: Government of Nepal May Give Directives
Section 3: To remain as minimum standards
Section 21: Bid Security
Section 20: Cooperation to be extended
Section 11: Not to stop credit facility in the way to loss working project of borrower
Section 129: Complaint Regarding Loss or Damage
Section 48: Discount Operation
Section 117: Report to be submitted
Section 75: Credit to the Government of Nepal and Purchase of Government Debt Bonds
Section 46: Not to be involved in the decision-making process having conflict of personal interest
Section 19A: Special investigation team may be formed
Section 94: Powers, functions and duties of the Office
Section 142: Contract not to be concluded
Section 41: Claim Payable Fund and Reserve Fund
Section 18: Inquiry and Institution of Case
Section 87: Establishment of Information Network
Section 89: Provisions relating to seasonal enterprises
Section 57: Prohibition of Purchase of Goods with Commercial Objectives
Section 46: Compulsory Deposit of Commercial Banks and Financial Institutions
Section 21: Disqualification of the Directors
Section 48: Review Committee
Section 23: Repeal
Section 136: Suspension of License or Ban of Insurance Business
Section 45: Works May be Done or Cause to be Done by Force Account
Section 102: Filing Appeals
Section 83: Direction may be issued
Section 64: Provisions Concerning Withdrawal of Amount and Operation of Accounts
Section 94: Renewal of License of Insurance Intermediaries
Section 93: Submission of Report to Government of Nepal
Section 37: Power to Make a Directory
Section 31: Pursuant to the Consumer Protection Act
Section 40: Directives may be given to call an Extraordinary General Meeting
Section 1: Short title and commencement
Section 52: Procurement Contract and Terms and Conditions Thereof
Section 34: Audit Committee
Section 21: Provisions relating to social security
Section 159: To forward the matter to the body having jurisdiction
Section 151: Insurance Development Fund
Section 14A: Not to carry out Dhukuti transactions
Section 143: Employment may be terminated on the ground of health
Section 32: Power to Give Directions
Section 9: Right to remedy
Section 3: Establishment of the Authority
Section 9: Not to misuse banking resources, means and assets
Section 169: Procedure relating to service of notice
Section 91: Annual Report
Section 15: Non-abuse of regulatory opportunity
Section 114: Application may be made to the Office
Section 24: Issuance of order for creating encumbrances over the assets of a foreign individual
Section 92: Qualifications of Insurance Mediators
Section 26: Rejection of Bids or Cancellation of Procurement Proceedings
Section 15: International Level Bidding
Section 63: Provisions concerning sale and withdrawal of shares
Section 44: Construction Works May be Caused to be Carried Out by the Users Committee or Beneficiary Community
Nepal Rastra Bank Act, 2058
Section 41: Allocation of net profit
Section 143: Settlement of Disputes
Section 62: Insurance Contract
Section 73: Investment in Subsidiary Company
Section 2: Definitions
Section 116: Insurer Many Acquire Another Insurer
Section 6: Not to obtain or make payment by way of abuse or unauthorised use of electronic means
Section 117: To hold negotiations on collective claims, demands
Section 10A: Regulation of Investment Abroad
Section 123: Saving of actions taken in good faith
Section 17: Deadline for Submission of Bids or Pre-Qualification Proposals
Section 25: Language of the contract
Section 1: Short Title and Commencement
Section 22: Opening of Bids
Section 130: Observance of discipline and duties
Section 4: Prohibition on employing in forced labour
Section 42: Substitute leave
Section 102: Mutual Security Services may be conducted
Section 39: Other Provision for Consultancy Services
Section 17: Time and limitation for the Lodgement of First Information Report
Section 68: Reserve Fund
Section 154: Proceeding against contempt of court
Section 2: Definitions
Section 180: This Act not to apply
Section 16: Appointment of the Deputy Governor
Section 89: Appointment of a Liquidator
Section 140: Termination of time-based and work-based employment
Section 66: Security of Government of Nepal may be obtained
Section 61: Confidentiality to be maintained
Section 72: Duties of manufacturers, importers and suppliers
Section 142: Don’t work in the Insurance Business
Section 11E: Power to Arrest
Section 11: Power to Demand Statements
Section 155: Power to demand bank guarantee or deposit
Section 101: Procedures for Pecuniary Penalty and Punishment
Section 142: Employment may be terminated on the ground of incompetence
Section 66: Insurance Not to Be Done
Section 37: Negotiations with the Proponent
Section 9: Payment of Price of the Exported Goods
Section 8: Right relating to trade union
Section 20: Classification may be made on Sectoral Basis
Section 88: Provisions relating to domestic labours
Section 24: Non-Procession of Bids
Chapter-2 Establishment of Authority and Its Functions, Duties and Power
Section 156: Establishment of Insurance Institutions
Section 49: Qualifications of Directors
Section 171: Special provisions relating to managers and managerial level labours
Section 10: Qualification of Bidder or Proponent
Section 85: Audit Committee of Insurer
Section 10B: Provisions Relating to Lending and Borrowing of Loans in Foreign Exchange
Section 6: Prior Right of the Bank
Section 23: Examination of Bids
Section 73: Bank may ask for Particulars, Statistics and Documents
Section 67: Find of a Cooperative Organisation
Section 8: Duty of Importers
Section 138: Punishment may be remitted
Section 23: Notice to be published
Section 76: Incorporation of Insurance Company for Micro Business Only
Section 49: Loan and Refinance to Commercial Banks and Financial Institutions
Section 12: Vacancy in the office of Chairperson or Member
Section 38: Procurement Contract to be Concluded
Section 59: Nepal Rastra Bank may take over Management
Section 52: Power to Issue Banknotes and Coins
Section 48: Formation of Accounts Supervision Committee
Section 93: Provisions relating to Office and inspectors
Section 54: Functions of Cooperative Bank
Section 63: Insurance Policy
Section 84: To be sent for freezing
Section 58: Labours may be employed through supplier
Section 68: Possession of Property Prohibited
Section 66: Liability of labours to rest on the main employer
Section 27: Power to Refuse Prior Approval
Section 10C: Provisions Relating to Repatriation, Investment of, and Transfer of Right in Foreign Exchange
Article 144: Jurisdiction of the High Court
Section 5: Prohibition on employment of children
Section 108: Provisions After the Achievement of Improvement in Condition of the Insurer
Section 139: Security of employment
Section 66: Foreign Exchange Reserve
Section 12A: Not to make any Fraudulent Activities to Bank and Financial Institutions and Cooperatives
Section 38: Functions, Duties and Powers of Annual General Meeting
Section 183: Repeal and saving
Section 112: Repeal and Saving
Section 36: Employees of the Bank
Section 166: Decisions to be executed
Section 31: Soliciting Proposals
Section 18: Working Area of Cooperative Organisation
Section 134: Power of The Authority
Section 58: Functions, Duties and Power of Chief Executive
Section 51: Leave not as a matter of right
Section 16: Trainees may be engaged in work
Section 111: Formation of labour relation committee
Section 22: Audit
Section 53: To receive gratuity
Section 88: Establishment of Credit Information Centre
Section 27: Acceptance of Bid and Procurement Contract
Section 9: Transfer of Goods or Services
Section 88: Dissolution and Revocation of Registration
Section 34: Opening of Financial Proposal
Section 111: Authority to be suspended ipso facto
Section 12: Formation of Cooperative Bank
Section 108: Oath of Office
Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal
Section 157: Case may be compromised
Section 177: Labour coordination committee
Section 4: Establishment of An Electronic Platform
Section 16: Seller’s Liability
Section 86E: The Reformative Measures and Power to be Used by the Bank or the Official Appointed by the Bank
Section 148: Request for Details
Section 174: Delegation of authority
Section 24: Investigation and Filing of Cases
Section 53: Amendment to Procurement Contract
Section 41: Provision for Direct Procurement
Section 66: Provision Concerning Procurement to be Made in Special Circumstances
Section 14: Obligations of the Intermediary Practitioner
Section 88E: Notice and Registration of the Work Relating to Resolution
Section 140: Inter-government transactions may be carried out
Section 22: Grounds for Removal of the Directors from Office
Section 3: Procurement to be Made as Per This Act
Section 50: Transaction of Savings and Credits to be made concentrating on Member
Section 26: Functions of National Cooperatives Federation
Section 32: Restriction on membership
Section 78: License to be Obtained from Bank
Section 28: Internal Procedures may be framed
Section 38: Measures to Implement the Act
Section 12: Flow of Public Information
Section 145: Limitation for Complaint
Preamble
Section 86I: Right to Appeal Against the Order of the Bank
Section 77: Direction to stop the work
Section 71: Duties of the responsible person
Section 55: Delegation of Powers
Section 22: Liabilities to be limited
Section 125: Settlement of Small Amount Claim
Section 113: Audit Report to be prepared
Section 101: Insurer Deemed to be Problematic
Section 41: Board of Directors
Section 39: Remuneration for reserve period
Section 71: Allocation of Savings
Section 118: Terms and conditions of services of chairperson and members of Management Committee
Section 71: Provisions concerning Other Funds
Section 6: Prohibition on discrimination
Section 36: No Impediment to Prosecuting Cases in Accordance with Prevailing Law
Section 59: Termination of Procurement Contract and Remedy Therefor
Section 33: May become members
Section 13: Operation of Accounts
Section 27: To be considered ineligible
Section 181: To frame and implement directives and procedures
Section 84: Preparation of Financial Statements
Section 47: Remuneration need not be paid
Section 118: Settlement through mediation
Section 126: Employment contract not to be violated
Section 63: Management of Foreign Exchange
Section 146: Resumption of operation
Section 11B: To Search for Suspicious Person
Section 86: …………………
Section 86C: Bank to Take Action Against Problematic Commercial Bank or Financial Institution
Section 117: Liquidation of Insurance Company
Section 32: Can open a branch office
Section 171: Act Implementation Measurement
Section 33: Evaluation of Technical Proposal
Section 18: Liability Relating to Transportation
Section 175: Saving of acts done in good faith
Section 151: Standards, Directives or Procedures may be framed and submit
Section 121: Priorities on the Payment of Liabilities in Case of Liquidation of the Insurance company
Section 7: Not to avail or provide loans in an unauthorised manner
Section 14: Application to be Submitted for Registration
Section 9: Tenure of Chairperson and Members
Section 19B: Power to request details
Section 83: Accounts to be maintained accurately
Section 1: Short Title, Extension and Commencement
Section 5: Not to make unauthorised withdrawals or payments
Section 82: Provisions related to re-insurance contracts
Section 24: Work permit may be issued
Section 146: Government of Nepal to be Plaintiff
Section 60: Able to create a whistleblowing policy
Section 78: Exemptions, Facilities and Discounts
Section 11D: Power to Search Building or Place of Transaction
Section 61: Conduct of the Official Involved in Public Procurement Proceedings
Section 12: Pre-Qualification to be Determined
Section 120: Expert Service may be sought
Section 43: Restriction on Distribution of Dividend
Section 74A: May Formulate Technical Guidance, Procedures and Directives
Section 64: Insurance Premium
Section 116: Collective claim may be submitted
Section 55: Accidental insurance to be made
Section 89: Recommending Action
Section 155: Insurance Information Centre
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Section 90: Work should not be done without a license

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