Section 56: No Distribution of Dividend

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No Cooperative Bank may declare or distribute dividends without meeting the preliminary expenses, the loss incurred in the last year, the capital fund, the risk-bearing fund, and the reserve fund.

Tagged:
cooperatives act
nepal law

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Section 1: Short title and commencement
Section 65: Dealing in Foreign Exchanges
Section 87: Provisions concerning Amalgamation and Division
Section 57: Appointment of the Executive Director
Section 69: Procurement Transaction May be Carried Out Through Electronic Communications Means
Section 110: To be borne from Assets of Organisation or Association
Preamble
Section 86G: Can be Subject of Resolution
Section 50: Discount Rate and Rate of Interest for Refinance
Section 22: Restriction on employment of foreigners
Section 12: Not to Make Loss by Making Alteration in Account or Ledger or by Committing Forgery or Fraud
Section 105: Official to be Suspended
Section 140: Termination of time-based and work-based employment
Section 53: Amendment to Procurement Contract
Section 27: Power to Refuse Prior Approval
Section 146: Resumption of operation
Section 12: Personal Information Must be Kept Confidential
Section 105A: State Government may constitute a State Labour Advisory Council
Section 16: Registration may be Denied
Section 74A: May Formulate Technical Guidance, Procedures and Directives
Section 18: Government to be the plaintiff
Section 99: Power of the Office to give direction
Section 83: Accounts to be maintained accurately
Section 8: Electronic Commerce Payments
Section 89: Appointment of a Liquidator
Section 4:
Section 87: Establishment of Information Network
Section 61: Type of Insurance Business
Preamble
Section 155: Insurance Information Centre
Section 137: Revocation (Cancellation) of License of the Insurer
Section 92: Auditing
Section 67: Find of a Cooperative Organisation
Section 88: Dissolution and Revocation of Registration
Section 28: Application to be made
Section 126: To freeze transactions, accounts and assets
Section 116: Recommendation may be made
Section 74: Obtained Approval While Selling Assets
Section 82: Credits Recovery Tribunal
Section 29: Functions, Duties and Powers of the Board
Section 107: No Responsibility for Acts Done in Good Faith
Section 73: Duties of labour
Section 10: Goods or Services May be Returned
Section 14: Obligations of the Intermediary Practitioner
Section 88N: Exchange of Reciprocal Assistance
Section 112: Performance evaluation of labours by enterprise
Section 46: Compulsory Deposit of Commercial Banks and Financial Institutions
Section 17: Buyer’s Obligations
Section 47: Formation of Board of Directors
Section 60: Able to create a whistleblowing policy
Section 3B: Other Provisions Relating to Foreign Exchange Transactions
Section 65: Loans or Grants may be obtained
Section 20: Fund of the Insurance Authority
Section 165: Provide Expert Services
Section 143: Special Provision Related with The Insured
Section 40: Weekly leave
Section 9: Not to misuse banking resources, means and assets
Section 75: Credit to the Government of Nepal and Purchase of Government Debt Bonds
Section 50: Transaction of Savings and Credits to be made concentrating on Member
Section 97: To render necessary assistance
Section 24: Investigation and Filing of Cases
Section 92: Deemed to be unfair labour practice
Section 164: Decision may be made by the Labour Court
Section 114: Insurer May Merge or be Amalgamated
Section 11: Export and Import May be Carried Out
Preamble
Section 66: Liability of labours to rest on the main employer
Section 177: Labour coordination committee
Section 38: Procurement Contract to be Concluded
Section 32: Can open a branch office
Section 61: Reproduction and Counterfeiting of Currency
Section 54: Variation Order
Section 98: Report to be submitted
Section 4: Formation of District Sectoral Cooperative Association
Section 168: Power to impose punishment in the event of non-execution of judgment, compromise or agreement
Section 108: Provisions After the Achievement of Improvement in Condition of the Insurer
Section 32: Opening of proposals
Section 77: Direction to stop the work
Section 110: To be deputed as representative
Section 15: Responsibilities of Traders Carrying Out E-Commerce Based on the List
Section 104: Functions, Duties and Powers of Special Administration Team
Section 79: To give information
Section 147: Authority to Hear Case and Execution of The Decision
Section 83: Dues to recover
Section 93: Functions, duties and powers
Section 127: Double Fine to be imposed
Section 171: Special provisions relating to managers and managerial level labours
Section 101: Procedures for Pecuniary Penalty and Punishment
Section 25: Language of the contract
Section 84: Preparation of Financial Statements
Section 134: Power of The Authority
Section 15: Appointment of the Governor
Section 88E: Notice and Registration of the Work Relating to Resolution
Section 92: Registrar
Section 133: Provisions relating to misconduct may be made in the bye-law
Section 16: Seller’s Liability
Section 106B: Expert Service to be Provided
Section 20: No Exemption from Liability
Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal
Section 23: Examination of Bids
Section 89: Fiscal Year
Section 106C: Government of Nepal May Give Directives
Section 178: Transitional provisions
Section 50: Computation of year
Section 156: Power to order payment of interest
Section 67: Prohibition on collecting fee from labour
Section 2: Definitions
Section 121: Priorities on the Payment of Liabilities in Case of Liquidation of the Insurance company
Section 48: Term of Office of the Director
Section 3: To remain as minimum standards
Section 7: Not to avail or provide loans in an unauthorised manner
Section 11: International Cooperation and Relationship
Section 94: Renewal of License of Insurance Intermediaries
Section 4: Objectives of the Bank
Section 54: Committee or sub-committee may be formed
Section 93: Submission of Report to Government of Nepal
Section 8: Privileges and Facilities to the Bank
Section 67: Restrictions on undertaking business in partnership or acquire assets in ownership
Section 165: Appeal
Section 76: Incorporation of Insurance Company for Micro Business Only
Section 179: This Act to prevail
Section 7: Duty of Persons Who Have Source to Obtain Foreign Exchange
Section 84: To be sent for freezing
Section 15: International Level Bidding
Section 9C: Restriction on Making or Receiving Payment
Section 103: ………………….
Section 89: Recommending Action
Section 120: Expert Service may be sought
Section 105: Trust Accounts
Section 9: Relation between the Government of Nepal and the Bank
Section 128: Nepal Rastra Bank may punish
Section 61A: Departmental Action to be Taken
Section 29: Amendment to Bylaws and Internal Procedures
Section 10: Coordination with Public Bodies
Section 88D: Power to be Automatically Suspended During the Period of Resolution
Section 153: Not to Make Insurance Transactions with Anyone Except Insurer
Section 31: Delegation of powers
Section 86B: Commercial Bank and Financial Institution Deemed to be Problematic
Section 64: Obligations of the main employer
Section 69: Banker, Advisor and Financial Agent
Section 97: Special Provisions concerning Inspection and Monitoring of Organisation or Association carrying out transactions of savings and credits
Section 117: Report to be submitted
Section 6: Prohibition on discrimination
Section 86I: Right to Appeal Against the Order of the Bank
Section 14: Continuity of existence of the employment relationship despite change in ownership
Section 35: Evaluation of Financial Proposals
Section 64: Public Procurement Monitoring Office
Section 45: Works May be Done or Cause to be Done by Force Account
Section 39: Meeting General Meeting
Section 180: This Act not to apply
Section 139: Security of employment
Section 43: Functions, duties and powers of Board
Section 100: Regulation Fee
Section 1: Short Title, Commencement, and Extension
Section 19B: Power to request details
Section 54: Measurement, Weights and Size of Coins
Section 144: Encouragement may be given
Section 113: Audit Report to be prepared
Section 73: Bank may ask for Particulars, Statistics and Documents
Section 6: Formation of Provincial Sectoral Cooperative Association
Section 72: Records to be maintained
Section 41: Board of Directors
Section 60: Currency Recall or Withdrawal
Section 17: Time and limitation for the Lodgement of First Information Report
Section 109: This Act to be Applicable
Section 68: Possession of Property Prohibited
Section 2: Definitions
Section 104: Office of member of the Council to be vacant
Section 22: Opening of Bids
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