Section 76: Bank’s Approval Required for Accepting Deposits or Giving Credits

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1) Any person, firm, company, or institution shall, in order to accept any deposits or to provide a loan, obtain approval from the Bank as may be prescribed.

2) The Bank, while giving approval referred to in sub-section (1), may subject the approval to the terms and conditions prescribed by the Bank, and it shall be the duty of the concerned person, firm, company or institution to abide by such terms and conditions.

Tagged:
nepal law
nepal rastra bank act

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Section 62: Revocation, suspension of license or fine
Section 1: Short title and commencement
Section 50: Discount Rate and Rate of Interest for Refinance
Section 6: Prohibition on discrimination
Section 104: Organisation or Association may be declared problematic
Section 79: Regulatory Powers of the Bank
Section 74: To form safety and health committee
Section 154: Formation of Expert Groups
Section 108: Provisions concerning Payment of Liabilities
Section 14: Invitation to Bids
Section 166: Decisions to be executed
Article 144: Jurisdiction of the High Court
Section 128: Nepal Rastra Bank may punish
Section 116: Collective claim may be submitted
Section 84: Preparation of Financial Statements
Section 105: Trust Accounts
Section 163: Power of the Department or Office to decide
Section 8: Right relating to trade union
Section 32: Fixation of working hours
Section 108: Internal management may be made
Section 51: Discontinue to hold the office of Director
Section 49: Loan and Refinance to Commercial Banks and Financial Institutions
Section 62: Insurance Contract
Section 26: Fulfilment of Vacant Office
Section 102: Filing Appeals
Section 32: Can open a branch office
Section 173: Increment of insurance amount
Section 102: Measures For the Reformation of Problematic Insurer
Section 151: Insurance Development Fund
Section 24: Work permit may be issued
Section 36: Employees of the Bank
Section 60: Currency Recall or Withdrawal
Section 33: Evaluation of Technical Proposal
Section 182: Powers to frame rules
Section 88N: Exchange of Reciprocal Assistance
Section 50: Transaction of Savings and Credits to be made concentrating on Member
Section 61: Type of Insurance Business
Section 88B: Provision Relating to the Formation of the Special Administration
Section 101: Procedures for Pecuniary Penalty and Punishment
Section 129: Complaint Regarding Loss or Damage
Section 17: Time and limitation for the Lodgement of First Information Report
Section 54: Medical insurance to be made
Section 84: Provisions relating to tea-estate labours
Section 150: Special provisions relating to regulation, monitoring and supervision
Section 5: Not to make unauthorised withdrawals or payments
Section 47: Remuneration need not be paid
Section 41: Allocation of net profit
Section 9: Procurement to be Made by Inviting Open Bid
Section 81: Re-Insurance Business
Section 88: Establishment of Credit Information Centre
Section 37: Professional Code of Conduct and Official Responsibility
Section 98: To Regulate, Inspect and Monitor
Section 13: Functions Duties and Powers of the Chairperson
Section 172: Repeal and Saving
Section 16: Permission of the Bank to be Obtained to Open an Account
Section 3: Establishment of the Bank
Section 44: Sick leave
Section 71: Deposit Collection
Section 150A: Instructions On Prevention of Money Laundering Must Be Followed
Section 145: Departmental actions may be taken
Section 65: Functions, Duties and Powers of Public Procurement Monitoring Office
Section 50: Method of Review
Section 5: Function, Duties and Powers of the Bank
Section 87: Provisions concerning Amalgamation and Division
Section 69: Secured Capital Redemption Fund
Section 10: Not to acquire assets or open account by borrower who has over dues
Section 60: Public Notice of Procurement Contract
Section 5A: Approval to be Made
Section 110: To be deputed as representative
Section 141: Provisions concerning tax
Section 176: Special powers of the Ministry
Foreign Exchange (Regulation) Act 2019
Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 7: Deemed to be a Contract
Section 86: …………………
Section 64: Obligations of the main employer
Section 113: Submission of individual claims
Section 46: Compulsory Deposit of Commercial Banks and Financial Institutions
Section 117: Report to be submitted
Section 114: Application may be made to the Office
Section 15: Power of the Government of Nepal to Give Directives
Section 4: Objectives of the Bank
Section 161: Appeal to the Supreme Court
Section 19: Prohibition of Engaging in Improper Commercial or Business Activities
Section 115: Decision to be made by the Office
Section 64: Public Procurement Monitoring Office
Section 3: Not to open an account or demand cash payment in an unauthorised manner
Section 19: Working Area of Association and Cooperative Bank
Section 60: De-registration
Section 11C: Power to Stop and Search Motor Vehicle
Section 19: Remuneration and Other Benefits to the Directors
Section 28: Right to File a Complaint
Section 109: This Act to be Applicable
Section 73: Duties of labour
Section 57: Payment of Bill or Invoice
Section 14: Not to Carry Out and Cause to Carry Out Irregular Economic and Financial Transactions
Section 107: Preparation of New Financial Statements
Section 36: Paid Up Capital of the Insurer
Section 135: Opportunity to be given to submit clarification
Section 43: Annual Budget
Section 18: Working Area of Cooperative Organisation
Section 77: Ineligibility for Appointing Auditor
Section 40: Computation of net profit and loss
Section 142: Employment may be terminated on the ground of incompetence
Section 148: No Hindrance to take actions according to prevailing laws
Section 107: Inventory to be prepared
Section 99: Foreign Insurance Company shall inform to the Authority
Section 62: Conduct to Bidder or Proponent
Section 12: Personal Information Must be Kept Confidential
Section 74: Consultation on the Matter of Law Reform
Section 15: To be Registered
Section 20: Reward to be Provision of Information
Section 21: Transaction, Business, Industries, or Project may be operated
Section 49: Functions, duties and powers of Accounts Supervision Committee
Section 17: Buyer’s Obligations
Section 135: Authority May Give Direction to Withold Payment of Insurance or Revoke the Insurance Policy
Section 76: Appointment of an Auditor
Section 41: Claim Payable Fund and Reserve Fund
Section 120: Power to form labour arbitration tribunal
Section 48: Formation of Accounts Supervision Committee
Section 31: Soliciting Proposals
Section 12: Pre-Qualification to be Determined
Section 88C: Function, Duty and Power of Special Administration Team
Section 124: Right to lock-outs
Section 148: Payment of benefits
Section 146: Recovery to be made as government due
Section 131: Misconduct and punishment
Section 57: Social security scheme to be applicable
Preamble
Section 86C: Bank to Take Action Against Problematic Commercial Bank or Financial Institution
Section 50: Disqualifications of Directors
Section 133: Annual Report Submit
Section 105A: State Government may constitute a State Labour Advisory Council
Section 13: Not to Derive Excess, Low or False Valuation or Prepare False Financials
Section 90: Provisions relating to enterprise which is incorporated in foreign country and operates business in Nepal
Section 34: Opening of Financial Proposal
Section 11J: To Submit Report
Section 67A: Procurement Proceedings Should Not Be Obstructed
Section 12A: Not to make any Fraudulent Activities to Bank and Financial Institutions and Cooperatives
Section 144: Notice to be given
Section 114: Remedial Actions may be taken
Section 95: Inspection and Checking of Accounts
Section 57: Prohibition of Purchase of Goods with Commercial Objectives
Section 57: Soiled or Counterfeit Currency
Section 92: Deemed to be unfair labour practice
Section 39: Remuneration for reserve period
Section 3: To remain as minimum standards
Section 76: To stop work in the case of immediate danger
Section 27: Monitoring and Inspection of Electronic Commerce
Section 134: Power to suspend
Section 171: Act Implementation Measurement
Section 79: Debts to be recovered
Section 12: Vacancy in the office of Chairperson or Member
Section 43: Restriction on Distribution of Dividend
Section 103: Special Administration/Management Team
Section 150: Insured Insurance Protections Fund
Section 16: Punishment to the Persons Creating Hindrance
Section 10: Formation of Federation of National Cooperatives
Section 41: Provision for Direct Procurement
Section 29: Amendment to Bylaws and Internal Procedures
Section 169: Procedure relating to service of notice
Section 26: Summary Procedure to be Adopted
Section 142: Contract not to be concluded
Section 106B: Expert Service to be Provided
Section 22: Power to Frame Rules
Section 46: Not to be involved in the decision-making process having conflict of personal interest
Section 57: Appointment of the Executive Director
Section 149: Labours to get first priority
Section 20: Cooperation to be extended
Section 33: May become members
Section 17: Deadline for Submission of Bids or Pre-Qualification Proposals
Section 60: Submission of details by licensee
Section 11G: Prohibition on Divulgence of Secrecy
Section 106: Fixation of minimum remuneration
Section 86G: Can be Subject of Resolution
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Section 76: Bank’s Approval Required for Accepting Deposits or Giving Credits

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