Section 86A: Commercial Banks and Financial Institutions to Provide Information to the Bank

Chapter 9 Regulation, Inspection and Supervision of the Banks

Section 86A: Commercial Banks and Financial Institutions to Provide Information to the Bank

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A commercial bank or financial institution shall inform the bank within fifteen days about the situation of insolvency or state of dissolution under the prevailing law, or incapability to pay the debt, or being materially unable to discharge any or all liabilities by any commercial bank or financial institution.

Tagged:
nepal law
nepal rastra bank act

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Section 127: Remuneration for strike or lock-out period
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Section 88N: Exchange of Reciprocal Assistance
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Section 19B: Power to request details
Section 30: Membership of Organisation
Section 62: Revocation, suspension of license or fine
Section 57: Soiled or Counterfeit Currency
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Section 68: Reserve Fund
Section 127: Person Entitled to Get Payment
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Preamble
Section 92: Registrar
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Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal
Section 53: To receive gratuity
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Section 124: Right to lock-outs
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Preamble
Section 65: Group Insurance Fund
Section 125: Settlement of Small Amount Claim
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Section 85: Preference to be accorded
Section 14: Not to Carry Out and Cause to Carry Out Irregular Economic and Financial Transactions
Section 169: Procedure relating to service of notice
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Section 88: Establishment of Credit Information Centre
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Section 156: Establishment of Insurance Institutions
Section 34: Audit Committee
Section 139: Security of employment
Section 68: Formulation of safety and health Policy
Section 88: Dissolution and Revocation of Registration
Section 33: Arrangement for transportation to be made
Section 26: Waiver in the Claim of Punishment may be Happen
Section 164: Decision may be made by the Labour Court
Section 50: Transaction of Savings and Credits to be made concentrating on Member
Section 59: Nepal Rastra Bank may take over Management
Section 24: Issuance of order for creating encumbrances over the assets of a foreign individual
Section 10: Types of employment
Section 173: Increment of insurance amount
Section 71: Allocation of Savings
Section 43: Functions, duties and powers of Board
Section 54: Measurement, Weights and Size of Coins
Section 115: Decision to be made by the Office
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Section 35: List to be Published
Section 88C: Function, Duty and Power of Special Administration Team
Section 137: Period for taking decision
Section 100: Annual Report to be submitted
Section 46: Not to be involved in the decision-making process having conflict of personal interest
Section 168: Power to Frame Rules
Section 149: No Obstruction for Punishment
Section 105A: State Government may constitute a State Labour Advisory Council
Section 93: Provisions relating to Office and inspectors
Section 82: Special provisions relating to treatment of occupational disease
Section 57: Social security scheme to be applicable
Section 162: Right to make complaint
Section 16: Registration may be Denied
Section 6: Formation of Provincial Sectoral Cooperative Association
Section 105: Official to be Suspended
Section 56: No Distribution of Dividend
Section 98: Report to be submitted
Section 28: To be governed as per the prevailing laws
Section 178: Transitional provisions
Section 48: Discount Operation
Section 131: Authority to adjudicate a case
Section 62: Foreign Exchange Policy
Section 111: Authority to be suspended ipso facto
Section 53: Functions, Duties and Powers of the Board
Section 61: Confidentiality to be maintained
Section 111: Other Provisions Regarding Special Management of The Insurer
Section 103: Functions, duties and powers of the Council
Section 133: Appeal may be filed
Section 78: Exemptions, Facilities and Discounts
Section 38: Functions, Duties and Powers of Annual General Meeting
Section75: Saving from action
Section 152: Majority decision to prevail
Section 101: Making application in convenient Office
Section 19: Working Area of Association and Cooperative Bank
Section 120: Expert Service may be sought
Section 9: Formation of Specialised Cooperative Association
Section 54: Committee or sub-committee may be formed
Section 22: Grounds for Removal of the Directors from Office
Section 59: License to be obtained
Section 167: Power of the Office to have execution of decisions
Section 101: Cooperative Savings and Credits Security Fund
Section 79: Regulatory Powers of the Bank
Section 85: Special provisions relating to construction labours
Section 132: Prohibition of sexual harassment
Section 113: Submission of individual claims
Section 117: Liquidation of Insurance Company
Section 13: Functions Duties and Powers of the Chairperson
Section 33: May become members
Section 143: Employment may be terminated on the ground of health
Section 13: No Operation of Cooperative Organisation without Registration
Section 153: Not to Make Insurance Transactions with Anyone Except Insurer
Section 148: Request for Details
Section 49: Accumulation of leave
Section 73: Details to be made available
Section 21: Provisions relating to social security
Section 21: Transaction, Business, Industries, or Project may be operated
Section 42: Allocation of net loss
Section 88: Provisions relating to domestic labours
Section 22: Restriction on employment of foreigners
Section 69: Secured Capital Redemption Fund
Section 101: Insurer Deemed to be Problematic
Section 88A: Power of the Bank to Carry Out Work of Resolution
Section 131: Operation and Management of Insurance in Province
Section 17: Time and limitation for the Lodgement of First Information Report
Section 177: Labour coordination committee
Section 63: Payment of remuneration and other benefits
Section 113: Insurance Business May Be Transferred
Section 33: Can open a liaison office
Section 67: Restrictions on undertaking business in partnership or acquire assets in ownership
Section 4: Formation of District Sectoral Cooperative Association
Section 87: Special provisions relating to tourism labours
Section 41: Public leave
Section 63: Provisions concerning sale and withdrawal of shares
Section 71: Duties of the responsible person
Section 45: Directors may be removed from Office
Section 121: Right to strike for settlement of collective disputes
Section 81: Re-Insurance Business
Section 70: The Insurance Appraisal
Section 108: Internal management may be made
Section 152: Repeal and Saving
Section 141: Punishment
Section 19: Remuneration and Other Benefits to the Directors
Section 106: Fixation of minimum remuneration
Section 37: Functions, Duties and Powers of Preliminary General Meeting
Section 74: Consultation on the Matter of Law Reform
Section 47: Remuneration need not be paid
Section 164: The Government of Nepal may Issue Directives
Section 62: Liquid Assets to be maintained
Section 17: Cooperative Organisation to be a Corporate Entity
Section 35: Facilities not to be entitled to
Section 134: Power of The Authority
Section 114: Application may be made to the Office
Section 99: Power of the Office to give direction
Section 149: Labours to get first priority
Section 88B: Provision Relating to the Formation of the Special Administration
Section 98: To Regulate, Inspect and Monitor
Section 143: Settlement of Disputes
Section 48: Formation of Accounts Supervision Committee
Section 45: Prospectus and Issue of Shares
Section 66: Liability of labours to rest on the main employer
Section 6: Not to obtain or make payment by way of abuse or unauthorised use of electronic means
Section 36: Entitlement to annual increment in remuneration (grade)
Section 55: Issuance of Currency and Security
Section 110: To be deputed as representative
Section 28: Meeting of the Board
Section 124: Payment of Re-insurance Claim
Section 38: Insurance Fund
Section 14: Application to be Submitted for Registration
Section 88D: Power to be Automatically Suspended During the Period of Resolution
Section 182: Powers to frame rules
Section 18: Working Area of Cooperative Organisation
Section 100: Labour audit to be made
Section 49: Qualifications of Directors
Section 86I: Right to Appeal Against the Order of the Bank
Section 108: Provisions After the Achievement of Improvement in Condition of the Insurer
Section 116: Collective claim may be submitted
Section 88F: New Balance Sheet to be Prepared
Section 160: Procedures of the cases
Section 64: Particulars of Foreign Exchange Transactions
Section 31: Delegation of powers
Section 15: To be Registered
Section 88H: Bridge Institution or Unit May be Established
Section 142: Employment may be terminated on the ground of incompetence
Section 3: Establishment of the Bank
Section 10: Coordination with Public Bodies
Section 9: Right to remedy
Section 73: Duties of labour
Preamble
Section 34: Entitlement of labours to remuneration
Section 6: Prior Right of the Bank
Section 78: License to be Obtained from Bank
Section 78: Claim of Micro-Insurance
Section 92: Qualifications of Insurance Mediators
Section 21: Accounting of Income and Expenditure
Section 24: Restriction on Insurance Business without license
Section 97: Prohibition to act
Section 80: Reinsurance Required
Section 89: Appointment of a Liquidator
Section 56: Management of Insurance Company
Section 44: Monetary Policy
Section 60: Able to create a whistleblowing policy
Section 76: Incorporation of Insurance Company for Micro Business Only
Section 158: Not being held accountable for actions done with good intentions
Section 139: Financial Assistance to be provided
Section 75: Credit to the Government of Nepal and Purchase of Government Debt Bonds
Section 72: Accepting risk based on the property itself
Section 183: Repeal and saving
Nepal Rastra Bank Act, 2058
Section 86H: Decreasing the Capital of Problematic Commercial Bank or Financial Institution
Section 86: Appointment of Auditor of Insurer
Section 24: Work permit may be issued
Section 130: Observance of discipline and duties
Section 132: Details to be Provided
Section 88G: Recommendation May be Made for Improving the Financial Condition of the Commercial Bank or Financial Institution
Section 1: Short title and commencement
Section 161: Contact with the Government of Nepal
Section 71: Provisions concerning Other Funds
Chapter-2 Establishment of Authority and Its Functions, Duties and Power
Section 140: Offence
Section 136: Authority imposing punishment
Section 122: Offences deemed to be committed
Section 156: Power to order payment of interest
Section 145: Retrenchment may be made
Section 150: To issue the certificate of experience
Section 12: Flow of Public Information
Section 77: Contract to be made
Section 94: Powers, functions and duties of the Office
Section 40: Catastrophic Fund
Section 171: Act Implementation Measurement
Section 134: Due Amount to be recovered
Section 6: Formation of the Board
Section 84: Inspection and Supervision
Section 83: Direction may be issued
Section 7: Functions not to be Carried out by the Bank
Section 12: Formation of Cooperative Bank
Section 40: Weekly leave
Section 23A: Standards to be Followed
Section 2: Definition
Section 88K: Actions Prior to the Commencement of the Action Relating to Resolution to be Inactive
Section 15: Punishment
Section 36: Employees of the Bank
Section 138: Fineable
Section 25: Adjudication proceedings and disposal of the case not be affected
Section 64: Insurance Premium
Section 11: No Association may be Formed
Section 65: Dealing in Foreign Exchanges
Section 26: Prior approval required
Section 61: Obligations of labour supplier
Section 150: Special provisions relating to regulation, monitoring and supervision
Section 80: Banking and Financial System and Credit Control
Section 45: Maternity leave
Section 97: Special Provisions concerning Inspection and Monitoring of Organisation or Association carrying out transactions of savings and credits
Schedule
Section 20: Fund of the Insurance Authority
Section 20: Qualifications of the Directors
Section 167: Pursuant to this Act
Section 80: Provisions concerning Blacklist
Section 91: License to Insurance Mediators
Section 50: Discount Rate and Rate of Interest for Refinance
Section 20: Not to restrain from working elsewhere
Section 18: Tenure of Office of the Director
Section 8: Privileges and Facilities to the Bank
Section 9: Relation between the Government of Nepal and the Bank
Section 137: Social Audits may cause to be conducted
Section 28: Working hours
Section 138: Cooperative Education
Section 60: Currency Recall or Withdrawal
Section 42: Substitute leave
Section 18: Engagement in work as trainee labour
Section 47: Dissolution of Board
Section 76: Bank’s Approval Required for Accepting Deposits or Giving Credits
Section 102: Formation of Central Labour Advisory Council
Section 17: Appointment of the Directors
Section 46: Restriction on sold, mortgaged, or transferred
Section 109: Transfer may be made
Section 37: May order capital reduction
Section 115: Management Committee may write to take action
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 73: Bank may ask for Particulars, Statistics and Documents
Section 20: Classification may be made on Sectoral Basis
Section 16: Trainees may be engaged in work
Section 19: Part-time employment
Section 38: Prohibition on deduction of remuneration
Section 148: Payment of benefits
Section 23: Values, norms and principles of cooperative to be complied with
Section 7: Prohibition on discrimination in remuneration for equal work
Section 45: Operation of Open Market Transaction
Section 44: Allotment of Shares
Section 29: Granting License
Section 26: Functions of National Cooperatives Federation
Section 86: Provisions relating to transport labours
Section 55: Prohibition on Disbursing Credit
Section 36: Paid Up Capital of the Insurer
Section 50: Disqualifications of Directors
Section 56: Provisions on Exchange of Currency
Section 176: Special powers of the Ministry
Section 87: Audit of Insurer
Section 28: Internal Procedures may be framed
Section 137: Revocation (Cancellation) of License of the Insurer
Section 3: To remain as minimum standards
Section 81: Credit Information Centre
Section 77: Direction to stop the work
Section 126: To freeze transactions, accounts and assets
Section 27: Power to Refuse Prior Approval
Section 48: Term of Office of the Director
Section 14: Formation of the Board
Section 49: Functions, duties and powers of Accounts Supervision Committee
Section 71: Deposit Collection
Section 147: Prevailing law relating to companies not to apply
Section 43: Restriction on Distribution of Dividend
Section 147: Compulsory retirement
Section 60: Submission of details by licensee
Section 144: Notice to be given
Section 25: Language of the contract
Section 107: Minimum remuneration fixation committee
Section 57: Appointment of the Executive Director
Section 88L: Other Provisions Relating to Resolution
Section 107: Preparation of New Financial Statements
Section 5: Prohibition on employment of children
Section 20: Cooperation to be extended
Section 70: Cooperative Promotion Fund
Section 36: General Meeting
Section 72: Duties of manufacturers, importers and suppliers
Section 110: To be borne from Assets of Organisation or Association
Section 111: Formation of labour relation committee
Section 54: Medical insurance to be made
Section 170: Implementing Guidelines and Procedures
Section 1: Short title and commencement
Section 126: Employment contract not to be violated
Section 175: Saving of acts done in good faith
Section 74: To form safety and health committee
Section 41: Allocation of net profit
Section 51: Reference interest rate may be determined
Section 133: Provisions relating to misconduct may be made in the bye-law
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