Section 105: Appeal

1) The bank or financial institution or a Director, official or employee thereof which/who is not satisfied with the actions taken by the Rastra Bank pursuant to Section 99 or punishment imposed pursuant to Section 100 may file an appeal at the court within 35 days from the date of getting order of such actions.

Provided that while filing an appeal against an action taken pursuant to Section 99 or punishment imposed pursuant to Section 100 on a bank or financial institution by any shareholder, it has to be filed by the representative of the shareholders representing at least 25 percent of the paid-up capital of the bank or financial institution.

2) In case any Director, official, employee or any other person desires to file an appeal pursuant to sub-section (1) against the personal actions or fines, fifty percent of the amount of such fines or any amount as given order to pay must be deposited.

3) The Director, official or employee of any bank or financial institution who is removed or dismissed from the office shall not be eligible to become a Director, official or employee of any other bank or financial institution until a period of five years has expired from the date of such taking of actions or until the final decision of the case if he/she has filed an appeal.