Section 8: Not to misuse credit

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No one shall misuse the credit facilities availed from a bank or financial institution or let the same be misused by diverting in the purpose other than for which the credit facilities were availed.

Tagged:
Banking Offence and Punishment Act
nepal law

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Section 103: ………………….
Section 67: Procurement process under this Act not to be applied
Section 71: Deposit Collection
Section 53: Functions, Duties and Powers of the Board
Section 1: Short Title, Commencement, and Extension
Section 27: Acting Governor
Section 16: Punishment to the Persons Creating Hindrance
Section 26: Prior approval required
Section 14: Invitation to Bids
Section 140: Offence
Section 154: Proceeding against contempt of court
Section 78: Claim of Micro-Insurance
Section 13: Prohibition on Entering into Contract in Contravention of the Objective of This Act
Section 163: International Aid and Relation
Section 25: Government of Nepal to be the plaintiff
Section 10: Goods or Services May be Returned
Section 15: Responsibilities of Traders Carrying Out E-Commerce Based on the List
Section 35: May Grant Exemptions, Facilities, or Concessions
Section 102: Measures For the Reformation of Problematic Insurer
Section 33: Management Committee
Section 171: Act Implementation Measurement
Section 30: Membership of Organisation
Section 11J: To Submit Report
Section 21: Disqualification of the Directors
Section 61: Obligations of labour supplier
Section 111: Formation of labour relation committee
Section 52A: Provisions Relating to Advance Payment
Section 36: Entitlement to annual increment in remuneration (grade)
Section 95: Powers, functions and duties of inspector
Section 53: To receive gratuity
Section 50: Method of Review
Section 154: Formation of Expert Groups
Section 40: Computation of net profit and loss
Section 142: Contract not to be concluded
Section 9: Right to remedy
Section 14A: Not to carry out Dhukuti transactions
Section 48: Formation of Accounts Supervision Committee
Section 38: Confidentiality
Section 45: Operation of Open Market Transaction
Section 88F: New Balance Sheet to be Prepared
Section 22: Restriction on employment of foreigners
Section 175: Saving of acts done in good faith
Section 137: Social Audits may cause to be conducted
Section 31: Refusal for Prior Approval and License
Section 113: Insurance Business May Be Transferred
Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal
Section 50: Disqualifications of Directors
Section 68: Method of Communication
Section 76: Bank’s Approval Required for Accepting Deposits or Giving Credits
Section 89: Appointment of a Liquidator
Section 43: Provision Relating to Renting House and Land and Obtaining Service on Contract
Section 138: Fineable
Section 55: Price Adjustment in Procurement Contract
Section 34: Opening of Financial Proposal
Section 12: Power of Bank to Give Direction, Frame By-Law or Issue Order or Notice
Section 147: Prevailing law relating to companies not to apply
Section 162: Coordinate with Public Bodies
Section 28: Two-Stage Bidding
Section 47: Remuneration need not be paid
Section 60: De-registration
Section 181: To frame and implement directives and procedures
Section 57: Appointment of the Executive Director
Section 29: Granting License
Section 75: Repeal and Amendment
Section 70: Duties of employer towards non-labour
Section 46: Restriction on sold, mortgaged, or transferred
Section 109: This Act to be Applicable
Section 86C: Bank to Take Action Against Problematic Commercial Bank or Financial Institution
Section 88E: Notice and Registration of the Work Relating to Resolution
Section 135: Opportunity to be given to submit clarification
Section 7: Responsibility Towards Procurement Activities
Section 12: Formation of Cooperative Bank
Section 22: Grounds for Removal of the Directors from Office
Section 26: Remuneration may be repatriated in convertible foreign currency
Section 21: Provisions relating to social security
Section 148: Request for Details
Section 30: Provisions relating to overtime
Section 73: Investment in Subsidiary Company
Section 116: Insurer Many Acquire Another Insurer
Section 10C: Provisions Relating to Repatriation, Investment of, and Transfer of Right in Foreign Exchange
Section 18: Method of Submission of Bids
Section 3: License to be Obtained to Carry on Foreign Exchange Transaction
Section 11A: Designation of Investigating Officer
Section 127: Double Fine to be imposed
Section 62: Revocation, suspension of license or fine
Section 170: Fixation of basic remuneration
Section 69: Secured Capital Redemption Fund
Section 109: Transfer may be made
Preamble
Section 43: Home leave
Section 109: Authority may be delegated
Section 41: Claim Payable Fund and Reserve Fund
Section 126: Apparent loss or damage
Chapter-2 Establishment of Authority and Its Functions, Duties and Power
Section 159: Submission of Report to Government of Nepal
Section 110: Power to Frame Rules and Bylaws
Section 23: Constitution, Functions and Duties of Inquiry Committee
Section 86F: Power of the Bank for Corrective Action
Section 60: Able to create a whistleblowing policy
Section 17: Buyer’s Obligations
Section 166: Issue Orders and Directives
Section 4: Establishment of An Electronic Platform
Section75: Saving from action
Section 25: Adjudication proceedings and disposal of the case not be affected
Section 124: Payment of Re-insurance Claim
Section 38: Prohibition on deduction of remuneration
Section 119: Settlement of dispute through arbitration
Section 84: Inspection and Supervision
Section 32: Power to Give Directions
Section 17: Appointment of the Directors
Section 48: Mourning leave
Section 151: Formation of Labour Court
Section 179: This Act to prevail
Section 168: Power to Frame Rules
Section 28: Internal Procedures may be framed
Section 14: Obligations of the Intermediary Practitioner
Section 3: Not to open an account or demand cash payment in an unauthorised manner
Section 167: Power of the Office to have execution of decisions
Section 31: Application to be submitted to acquire membership
Section 64: Particulars of Foreign Exchange Transactions
Section 32: Opening of proposals
Section 144: Notice to be given
Section 5: Registration Required
Section 24: Resignation by Director
Section 11F: Power to Hold in Detention
Section 111: Guidelines to be Framed and Implemented
Section 123: Saving of actions taken in good faith
Section 46: Compulsory Deposit of Commercial Banks and Financial Institutions
Section 86I: Right to Appeal Against the Order of the Bank
Section 169: Procedure relating to service of notice
Section 48: Review Committee
Section 9A: To Receive Payment of Value of Exported Goods
Section 168: Power to impose punishment in the event of non-execution of judgment, compromise or agreement
Section 108: Provisions concerning Payment of Liabilities
Section 89: Fiscal Year
Section 75: Micro Insurance is Required
Section 2: Definition
Section 107: Inventory to be prepared
Section 183: Repeal and saving
Section 95: Inspection and Checking of Accounts
Section 99: Foreign Insurance Company shall inform to the Authority
Section 15: Non-abuse of regulatory opportunity
Section 85: Exchange of Mutual Cooperation
Section 12: Personal Information Must be Kept Confidential
Section 13: Prohibition of Sale and Distribution
Section 10: Types of employment
Section 84: To be sent for freezing
Section 129: Collective bargaining or agreement to be made in good faith
Section 51: Procurement Proceeding to be Withheld
Section 87: Special provisions relating to tourism labours
Section 11C: Power to Stop and Search Motor Vehicle
Section 31: Pursuant to the Consumer Protection Act
Section 43: Functions, duties and powers of Board
Section 92: Auditing
Section 30: Criteria to be Followed
Section 160: Delegation of Authority
Section 41: Allocation of net profit
Section 43: Annual Budget
Section 4: Prohibition on employing in forced labour
Section 77: Direction to stop the work
Section 81: To engage in easier work
Section 73: Bank may ask for Particulars, Statistics and Documents
Section 34: Audit Committee
Section 77: Ineligibility for Appointing Auditor
Section 12: Pre-Qualification to be Determined
Section 6: Disclosure of Details
Section 71: Duties of the responsible person
Section 70: Cooperative Promotion Fund
Section 141: Provisions concerning tax
Section 15: Power of the Government of Nepal to Give Directives
Preamble
Section 23: Punishment
Section 63: Payment of remuneration and other benefits
Section 151: Insurance Development Fund
Section 128: Complaint Relating to Payment of Claim
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