Section 14B: Not to carry out banking transactions in an illegal manner

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Cooperative organisations or associations registered under the Cooperative Act, 2048 BS shall not conduct or cause to be conducted banking transactions without obtaining approval from Nepal Rastra Bank pursuant to sub-section (2) of Section 26 of the same Act.

Tagged:
Banking Offence and Punishment Act
nepal law

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Section 40: Catastrophic Fund
Section 4: Establishment of An Electronic Platform
Section 18: Working Area of Cooperative Organisation
Section 79: Micro-Insurance Regulation Fees
Section 37: May order capital reduction
Section 12: Flow of Public Information
Section 42: Allocation of net loss
Section 77: Direction to stop the work
Section 143: Special Provision Related with The Insured
Section 19: Proceedings may be initiated by detaining into the custody
Section 94: Renewal of License of Insurance Intermediaries
Section 131: Misconduct and punishment
Section 3: Establishment of the Authority
Section 24: Investigation and Filing of Cases
Section 44: Directors not to continue to hold the office
Section 33: Grievance Management
Section 152: Complaint Hearing
Section 93: Provisions relating to Office and inspectors
Section 102: Formation of Central Labour Advisory Council
Section 145: Retrenchment may be made
Section 13: Prohibition on Entering into Contract in Contravention of the Objective of This Act
Section 12: Formation of Cooperative Bank
Section 2: Definitions
Section 89: Recommending Action
Section 78: License to be Obtained from Bank
Section 76: To stop work in the case of immediate danger
Section 62: Conduct to Bidder or Proponent
Section 72: Accepting risk based on the property itself
Section 88N: Exchange of Reciprocal Assistance
Section 5A: Approval to be Made
Section 39: Compulsory Reserve Fund
Section 124: Payment of Re-insurance Claim
Section 74: Obtained Approval While Selling Assets
Section 36: General Meeting
Section 168: Power to Frame Rules
Section 126: Apparent loss or damage
Section 82: Special provisions relating to treatment of occupational disease
Section 68: Formulation of safety and health Policy
Section 59: License to be obtained
Section 19: Part-time employment
Section 96: Penalty and Punishment
Section 39: Capital of the Bank
Section 3: Establishment of the Bank
Section 19: Remuneration and Other Benefits to the Directors
Section 88: Dissolution and Revocation of Registration
Section 72: Records of Procurement Proceedings
Section 29: Regulation may be framed
Section 52: Power to Issue Banknotes and Coins
Section 58: Functions, Duties and Power of Chief Executive
Section 7: Not to avail or provide loans in an unauthorised manner
Section 41: Board of Directors
Section 88O: Application for Liquidation May be Made
Section 18: Liability Relating to Transportation
Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 49: Accumulation of leave
Section 29: Functions, Duties and Powers of the Board
Section 98: Report to be submitted
Section 35: Function, Duties and Powers of the Audit Committee
Section 125: Settlement of Small Amount Claim
Section 18: Government to be the plaintiff
Section 165: Appeal
Section 28: Internal Procedures may be framed
Section 137: Period for taking decision
Section 58: Mechanism for Dispute Settlement
Section 31: Pursuant to the Consumer Protection Act
Section 54: Measurement, Weights and Size of Coins
Section 158: Not being held accountable for actions done with good intentions
Section 57: Payment of Bill or Invoice
Section 16: Meeting of the Board
Section 84: To be sent for freezing
Section 46: Not to be involved in the decision-making process having conflict of personal interest
Section 55: Accidental insurance to be made
Section 81: Credit to Prescribed Sectors
Section 102: Filing Appeals
Section 159: To forward the matter to the body having jurisdiction
Section 77: Restriction on Rate of Interest
Section 25: Government of Nepal to be the plaintiff
Section 135: Authority May Give Direction to Withold Payment of Insurance or Revoke the Insurance Policy
Section 11B: To Search for Suspicious Person
Place and date of commencement of the remaining Sections of the Foreign Exchange (Regulation) Act, 2019
Section 77: Ineligibility for Appointing Auditor
Section 2: Definitions
Section 74: Consultation on the Matter of Law Reform
Section 15: Power of the Government of Nepal to Give Directives
Section 148: Payment of benefits
Section 96: Investigation may be conducted
Section 130: Observance of discipline and duties
Section 144: Punishment for those who oppose obstacles
Section 182: Powers to frame rules
Section 102: Measures For the Reformation of Problematic Insurer
Section 11: Export and Import May be Carried Out
Section 7: Formation of Provincial Cooperative Association
Section 161: Appeal to the Supreme Court
Section 117: Report to be submitted
Section 66: Security of Government of Nepal may be obtained
Section 64: Insurance Premium
Section 29: Consultancy Services May be Procured
Section 166: Decisions to be executed
Section 21: Provisions relating to social security
Section 104: Functions, Duties and Powers of Special Administration Team
Section 65: Functions, Duties and Powers of Public Procurement Monitoring Office
Section 35: List to be Published
Section 20: Cooperation to be extended
Section 61: Conduct of the Official Involved in Public Procurement Proceedings
Section 82: Credits Recovery Tribunal
Section 134: Due Amount to be recovered
Section 9: Formation of Specialised Cooperative Association
Section 84: Inspection and Supervision
Preamble
Section 40: Computation of net profit and loss
Section 53: Amendment to Procurement Contract
Section 1: Short title and commencement
Section 63: Payment of remuneration and other benefits
Section 83: Dues to recover
Section 56: Provisions on Exchange of Currency
Section 152: Repeal and Saving
Section 22: Audit
Section 4: Formation of District Sectoral Cooperative Association
Section 42: Election of Board
Section 86B: Commercial Bank and Financial Institution Deemed to be Problematic
Section 14: Continuity of existence of the employment relationship despite change in ownership
Section 89: Appointment of a Liquidator
Section 4:
Section 45: Operation of Open Market Transaction
Section 8: Not to misuse credit
Section 32: Opening of proposals
Section 102: Mutual Security Services may be conducted
Section 13: Prohibition of Sale and Distribution
Section 10: Restriction on Export and Transmission of Securities
Section 75: Micro Insurance is Required
Section 27: Acting Governor
Section 57: Prohibition of Purchase of Goods with Commercial Objectives
Section 33: Can open a liaison office
Section 19: Prohibition of Engaging in Improper Commercial or Business Activities
Section 8: Procurement Method to be Selected
Section 36: Employees of the Bank
Section 80: Provisions concerning Blacklist
Section 10B: Provisions Relating to Lending and Borrowing of Loans in Foreign Exchange
Section 48: Mourning leave
Section 88D: Power to be Automatically Suspended During the Period of Resolution
Section 149: Labours to get first priority
Section 119: Cooperative may be sought
Section 167: Power of the Office to have execution of decisions
Section 105: Provisions relating to meetings of the Council
Section 11: Process and Stage of Bidding
Section 83: Accounts to be maintained accurately
Section 116: Insurer Many Acquire Another Insurer
Section 47: Remuneration need not be paid
Section 91: Annual Report
Section 34: Deemed to Have Been Done by the Entrepreneur Himself
Section 52: Meetings of Board of Directors
Section 139: Financial Assistance to be provided
Section 69: Procurement Transaction May be Carried Out Through Electronic Communications Means
Section 4A: Provisions Relating to Foreign Exchange Obtained by Citizens of Nepal
Section 28: Two-Stage Bidding
Section 88K: Actions Prior to the Commencement of the Action Relating to Resolution to be Inactive
Section 45: Prospectus and Issue of Shares
Section 10: Not to acquire assets or open account by borrower who has over dues
Section 7: Prohibition on discrimination in remuneration for equal work
Section 107: Preparation of New Financial Statements
Section 1: Short title and commencement
Section 42: Assets to be maintained more than liabilities
Section 123: Special provisions relating to the submission of collective claims, demands
Section 24: Issuance of order for creating encumbrances over the assets of a foreign individual
Section 26: Rejection of Bids or Cancellation of Procurement Proceedings
Section 27: Acceptance of Bid and Procurement Contract
Section 26: Functions of National Cooperatives Federation
Section 18: Inquiry and Institution of Case
Section 92: Qualifications of Insurance Mediators
Section 10: Goods or Services May be Returned
Section 22: Opening of Bids
Section 24: Work permit may be issued
Section 9A: To Receive Payment of Value of Exported Goods
Section 153: Powers of Labour Court
Section 121: Provisions concerning Employees of Management Committee
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Section 14B: Not to carry out banking transactions in an illegal manner

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