Section 107: Preparation of New Financial Statements

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1) A New financial statement disclosing the insurer’s actual situation under the Special Administration Team’s control shall be prepared as prescribed.

2) The financial statement prepared pursuant to sub-section (1) and detailed information related thereto shall be submitted to the Authority.

Tagged:
insurance act
nepal law

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Section 84: Preparation of Financial Statements
Section 36: Rejection of Proposal and Cancellation of Procurement Proceedings
Section 16: Permission of the Bank to be Obtained to Open an Account
Section 106B: Expert Service to be Provided
Section 15: International Level Bidding
Section 41: Board of Directors
Section 132: Prohibition of sexual harassment
Section 11: Process and Stage of Bidding
Section 29: Regulation may be framed
Section 51: Reference interest rate may be determined
Section 146: Resumption of operation
Section 125: Settlement of Small Amount Claim
Section 52A: Provisions Relating to Advance Payment
Section 16: Trainees may be engaged in work
Section 71: Allocation of Savings
Section 8: Formation of Central Sectoral Cooperative Association
Section 61: Conduct of the Official Involved in Public Procurement Proceedings
Section 30: Functions, Duties and Powers of the Governor
Section 9: Payment of Price of the Exported Goods
Section 60: Submission of details by licensee
Section 67: Find of a Cooperative Organisation
Section 156: Establishment of Insurance Institutions
Section 37: Professional Code of Conduct and Official Responsibility
Section 19: Remuneration and Other Benefits to the Directors
Section 28: Meeting of the Board
Section 18: Method of Submission of Bids
Section 111: Guidelines to be Framed and Implemented
Section 22: Restriction on employment of foreigners
Section 70: The Insurance Appraisal
Section 42: Substitute leave
Section 23: Values, norms and principles of cooperative to be complied with
Section 11: Power to Demand Statements
Section 108: Provisions concerning Payment of Liabilities
Section 8: Procurement Method to be Selected
Section 86I: Right to Appeal Against the Order of the Bank
Section 19: Part-time employment
Section 9A: To Receive Payment of Value of Exported Goods
Section 105: Formation of Management Committee
Section 66: Foreign Exchange Reserve
Preamble
Section 16: Clarification as to Unclear Matter on Bidding or Pre-Qualification Documents
Section 145: Limitation for Complaint
Section 15: Punishment
Section 26: Functions of National Cooperatives Federation
Section 26: Fulfilment of Vacant Office
Section 18: Inquiry and Institution of Case
Section 29: Functions, Duties and Powers of the Board
Section 100: Annual Report to be submitted
Section 9: Formation of Specialised Cooperative Association
Section 18: Working Area of Cooperative Organisation
Section 142: Don’t work in the Insurance Business
Section 2: Definitions
Section 155: Power to demand bank guarantee or deposit
Section 11: No Association may be Formed
Section 45: Works May be Done or Cause to be Done by Force Account
Section 160: Delegation of Authority
Section 41: Allocation of net profit
Section 2: Definitions
Section 59: Termination of Procurement Contract and Remedy Therefor
Section 153: Not to Make Insurance Transactions with Anyone Except Insurer
Section 17: Deadline for Submission of Bids or Pre-Qualification Proposals
Section 138: Fineable
Section 12: Pre-Qualification to be Determined
Section 20: Validity Period of Bid
Section 12A: Not to make any Fraudulent Activities to Bank and Financial Institutions and Cooperatives
Section 35: Payment of remuneration
Section 139: Financial Assistance to be provided
Section 14: Not to Carry Out and Cause to Carry Out Irregular Economic and Financial Transactions
Section 99: Foreign Insurance Company shall inform to the Authority
Section 132: Statutory Limitation to file a complaint
Section 91: License to Insurance Mediators
Section 5: Function, Duties and Powers of the Bank
Section 78: Claim of Micro-Insurance
Section 74A: May Formulate Technical Guidance, Procedures and Directives
Section 18: Government to be the plaintiff
Section 67: Prohibition on collecting fee from labour
Section 74: Consultation on the Matter of Law Reform
Section 10: Goods or Services May be Returned
Section 6: Power of Government of Nepal to Obtain Foreign Exchange
Section 34: Entitlement of labours to remuneration
Section 104: Collection of Data
Section 88: Provisions relating to domestic labours
Section 10: Formation of Federation of National Cooperatives
Section 58: Provisions Relating to Currency Inventory and Issuance of Currency
Section 141: Punishment
Section 31: Soliciting Proposals
Section 52: Contribution for provident fund
Section 14: Formation of the Board
Section 129: Complaint Regarding Loss or Damage
Section 11J: To Submit Report
Preamble
Section 96: Penalty and Punishment
Section 13: Functions Duties and Powers of the Chairperson
Section 102: Measures For the Reformation of Problematic Insurer
Section 34: Opening of Financial Proposal
Section 90: Provisions relating to enterprise which is incorporated in foreign country and operates business in Nepal
Section 88: Dissolution and Revocation of Registration
Section 50: Computation of year
Section 55: Accidental insurance to be made
Section 6: Not to obtain or make payment by way of abuse or unauthorised use of electronic means
Section 108: Oath of Office
Section 5: Formation of District Cooperative Association
Section 170: Implementing Guidelines and Procedures
Section 24: Resignation by Director
Preamble
Section 24: Existing Licenses
Section 63: Management of Foreign Exchange
Section 86H: Decreasing the Capital of Problematic Commercial Bank or Financial Institution
Section 52: Limit of Personal Saving
Section 143: Employment may be terminated on the ground of health
Section 43: Functions, duties and powers of Board
Section 118: Terms and conditions of services of chairperson and members of Management Committee
Section 37: Entitlement to festival expense
Section 19: Working Area of Association and Cooperative Bank
Section 96: Obligations of inspector or employee
Section 86C: Bank to Take Action Against Problematic Commercial Bank or Financial Institution
Section 79: Micro-Insurance Regulation Fees
Section 98: Ministry to conduct Inspection and Monitoring
Section 32: Prohibition on Vested Personal Interest
Section 36: Paid Up Capital of the Insurer
Section 15: Non-abuse of regulatory opportunity
Section 159: Submission of Report to Government of Nepal
Section 3: License to be Obtained to Carry on Foreign Exchange Transaction
Section 180: This Act not to apply
Section 37: Functions, Duties and Powers of Preliminary General Meeting
Section 105: Trust Accounts
Section 126: Apparent loss or damage
Section 93: Functions, duties and powers
Section 100: Labour audit to be made
Section 116: Recommendation may be made
Section 78: Special provisions relating to occupational safety and health
Section 2: Definitions
Section 160: Procedures of the cases
Section 65: Functions, Duties and Powers of Public Procurement Monitoring Office
Section 44: Sick leave
Section 23: Constitution, Functions and Duties of Inquiry Committee
Section 73: Bank may ask for Particulars, Statistics and Documents
Section 63: Payment of remuneration and other benefits
Section 150: To issue the certificate of experience
Section 47: Remuneration need not be paid
Section 11A: Designation of Investigating Officer
Section 27: Bylaws to be framed
Section 152: Majority decision to prevail
Section 21: Bid Security
Section 71: Deposit Collection
Section 162: Coordinate with Public Bodies
Section 25: Government of Nepal to be the plaintiff
Section 88O: Application for Liquidation May be Made
Section 88A: Power of the Bank to Carry Out Work of Resolution
Section 136: Authority imposing punishment
Section 101: Insurer Deemed to be Problematic
Section 102: Filing Appeals
Section 133: Provisions relating to misconduct may be made in the bye-law
Section 31: Refusal for Prior Approval and License
Section 23: Audit Committee
Section 135: Authority May Give Direction to Withold Payment of Insurance or Revoke the Insurance Policy
Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 49: Qualifications of Directors
Section 9: Not to misuse banking resources, means and assets
Section 37: Negotiations with the Proponent
Section 1: Short Title and Commencement
Section 4: Objectives of the Bank
Section 76: To stop work in the case of immediate danger
Section 13: Bidding Documents to be Prepared
Section 4: Prohibition on employing in forced labour
Section 23: Repeal
Section 3: Electronic Trading May be Carried Out
Section 88C: Function, Duty and Power of Special Administration Team
Section169: Enact and Enforce Regulations
Section 170: Fixation of basic remuneration
Section 95: Powers, functions and duties of inspector
Section 64: Obligations of the main employer
Section 9: Right to remedy
Section 61: Obligations of labour supplier
Section 3A: Power of Bank to Take Action
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