Section 56: No Distribution of Dividend

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No Cooperative Bank may declare or distribute dividends without meeting the preliminary expenses, the loss incurred in the last year, the capital fund, the risk-bearing fund, and the reserve fund.

Tagged:
cooperatives act
nepal law

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Section 82: Special provisions relating to treatment of occupational disease
Section 24: Issuance of order for creating encumbrances over the assets of a foreign individual
Section 15: International Level Bidding
Section 47: Application May be Filed Before the Chief of Public Entity
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Section 76: Incorporation of Insurance Company for Micro Business Only
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Section 5: Function, Duties and Powers of the Bank
Section 18: Working Area of Cooperative Organisation
Section 106C: Government of Nepal May Give Directives
Section 167: Power of the Office to have execution of decisions
Section 26: Remuneration may be repatriated in convertible foreign currency
Section 109: Authority may be delegated
Section 104: Organisation or Association may be declared problematic
Section 15: Non-abuse of regulatory opportunity
Section 74: Obtained Approval While Selling Assets
Section 17: Provisions relating to labour to be applicable
Section 147: Prevailing law relating to companies not to apply
Section 77: Direction to stop the work
Section 11: Prohibition on employment without entering into employment contract
Section 148: Payment of benefits
Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal
Section 82: Provisions related to re-insurance contracts
Section 6A: Preparation of Exiting List
Section 84: To be sent for freezing
Section 180: This Act not to apply
Section 105: Official to be Suspended
Section 150: To issue the certificate of experience
Section 3: Procurement to be Made as Per This Act
Section 183: Repeal and saving
Section 113: Audit Report to be prepared
Section 150A: Instructions On Prevention of Money Laundering Must Be Followed
Section 20: Not to restrain from working elsewhere
Section 50: Method of Review
Section 37: Power to Make a Directory
Section 141: Employment may be terminated voluntarily
Section 26: Waiver in the Claim of Punishment may be Happen
Section 98: Bank to Provide Information
Section 93: Submission of Report to Government of Nepal
Section 170: Fixation of basic remuneration
Section 74: Power to Make Rules
Section 158: Not being held accountable for actions done with good intentions
Section 124: Punishment
Section 165: Appeal
Section 20: No Exemption from Liability
Foreign Exchange (Regulation) Act 2019
Section 11: Oath to be taken
Section 9C: Restriction on Making or Receiving Payment
Section 84: Inspection and Supervision
Section 118: Conditions Relating to Liquidation of Insurer
Section 91: Utilisation of Assets after Liquidation
Section 60: Currency Recall or Withdrawal
Section 12: Vacancy in the office of Chairperson or Member
Section 92: Auditing
Section 65: To make inspection, supervision and monitoring
Section 72: Duties of manufacturers, importers and suppliers
Section 110: Recommendation for Improving Financial Condition of the Insurer
Section 116: Insurer Many Acquire Another Insurer
Section 66: Insurance Not to Be Done
Section 87: Establishment of Information Network
Section 85: Preference to be accorded
Section 154: Proceeding against contempt of court
Section 44: Monetary Policy
Section 1: Short Title and Commencement
Section 48: Mourning leave
Section 55: Delegation of Powers
Section 39: Capital of the Bank
Section 88F: New Balance Sheet to be Prepared
Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 25: Adjudication proceedings and disposal of the case not be affected
Section 149: No Obstruction for Punishment
Section 23A: Standards to be Followed
Section 58: Mechanism for Dispute Settlement
Section 88: Provisions relating to domestic labours
Section 70: The Insurance Appraisal
Section 69: Secured Capital Redemption Fund
Section 98: To Regulate, Inspect and Monitor
Section 108: Oath of Office
Section 47: Dissolution of Board
Section 128: Complaint Relating to Payment of Claim
Section 27: Power to Refuse Prior Approval
Section 108: Provisions After the Achievement of Improvement in Condition of the Insurer
Schedule
Section 79: Regulatory Powers of the Bank
Section 99: Power of the Office to give direction
Section 59: License to be obtained
Section 35: Function, Duties and Powers of the Audit Committee
Section 103: Stabilisation Fund
Section 114: Application may be made to the Office
Section 55: Prohibition on Disbursing Credit
Section 61: Reproduction and Counterfeiting of Currency
Section 105: Provisions relating to meetings of the Council
Section 27: Acceptance of Bid and Procurement Contract
Section 167: Pursuant to this Act
Section 17: Deadline for Submission of Bids or Pre-Qualification Proposals
Section 43: Home leave
Section 182: Powers to frame rules
Section 12: Employment relationship to be established
Section 95: Powers, functions and duties of inspector
Section 72: Accepting risk based on the property itself
Section 7: Deemed to be a Contract
Section 58: Labours may be employed through supplier
Section 4: Description of Goods, Construction Works and Services to be Prepared
Section 37: Professional Code of Conduct and Official Responsibility
Section 106B: Expert Service to be Provided
Section 34: Audit Committee
Section 71: Deposit Collection
Section 101: Making application in convenient Office
Section 13: Provision relating to probation period
Section 55: Accidental insurance to be made
Section 5: Cost Estimate to be Prepared
Section 111: Formation of labour relation committee
Section 88H: Bridge Institution or Unit May be Established
Section 23: Audit Committee
Section 162: Right to make complaint
Section 63: Management of Foreign Exchange
Section 22: Power to Frame Rules
Section 4: Prohibition on employing in forced labour
Section 32: Fixation of working hours
Section 50: Transaction of Savings and Credits to be made concentrating on Member
Section 41: Allocation of net profit
Section 52: Limit of Personal Saving
Section 152: Majority decision to prevail
Section 112: Final Report to be Submitted
Section 90: Account System
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 15: Punishment
Section 11A: Designation of Investigating Officer
Section 135: Authority May Give Direction to Withold Payment of Insurance or Revoke the Insurance Policy
Section 107: Inventory to be prepared
Section 88G: Recommendation May be Made for Improving the Financial Condition of the Commercial Bank or Financial Institution
Section 52A: Provisions Relating to Advance Payment
Section 164: The Government of Nepal may Issue Directives
Section 40: Computation of net profit and loss
Section 86: Provisions relating to transport labours
Section 120: Expert Service may be sought
Section 37: Negotiations with the Proponent
Section 135: Opportunity to be given to submit clarification
Section 74B: Right to Remove Obstacles
Section 86: Appointment of Auditor of Insurer
Section 102: Measures For the Reformation of Problematic Insurer
Bonus Act 2030
Section 157: Case may be compromised
Section 45: Operation of Open Market Transaction
Section 10: Goods or Services May be Returned
Section 119: Power of The Authority to Initiate the liquidation Process
Section 76: Saving
Section 15: Appointment of the Governor
Section 90: Provisions concerning Liquidation
Section 97: Government of Nepal to be Plaintiff
Section 46: Not to be involved in the decision-making process having conflict of personal interest
Section 139: Procedures of Taking Actions
Section 83: Direction may be issued
Section 2: Definition
Section 34: Entitlement of labours to remuneration
Section 4: Formation of District Sectoral Cooperative Association
Section 86A: Commercial Banks and Financial Institutions to Provide Information to the Bank
Section 30: Functions, Duties and Powers of the Governor
Section 21: Accounting of Income and Expenditure
Section 76: To stop work in the case of immediate danger
Section 23: Notice to be published
Section 114: Remedial Actions may be taken
Section 46: Birth registration certificate to be submitted
Section 35: Evaluation of Financial Proposals
Section 32: Opening of proposals
Section 35: List to be Published
Section 78: Special provisions relating to occupational safety and health
Section 67: Prohibition on collecting fee from labour
Section 129: To refer for investigation
Section 47: Failure to Maintain Compulsory Deposit
Section 56: Provision Concerning Extension of Contract Period
Section 163: Power of the Department or Office to decide
Section 39: Compulsory Reserve Fund
Section 109: This Act to be Applicable
Section 32: Restriction on membership
Section 102: Formation of Central Labour Advisory Council
Section 1: Short Title, Commencement, and Extension
Section 80: Reinsurance Required
Section 86G: Can be Subject of Resolution
Section 164: Decision may be made by the Labour Court
Section 23: Values, norms and principles of cooperative to be complied with
Section 61: Obligations of labour supplier
Section 147: Authority to Hear Case and Execution of The Decision
Section 12: Pre-Qualification to be Determined
Section 46: Compulsory Deposit of Commercial Banks and Financial Institutions
Section 112: Notice to be given for submission of liabilities
Section 18: Tenure of Office of the Director
Section 23: Constitution, Functions and Duties of Inquiry Committee
Section 74: To form safety and health committee
Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 2: Definitions
Section 27: Monitoring and Inspection of Electronic Commerce
Section 136: Exercise of Voting Right
Section 129: Complaint Regarding Loss or Damage
Section 162: Coordinate with Public Bodies
Section 28: Internal Procedures may be framed
Section 59: Termination of Procurement Contract and Remedy Therefor
Section 42: Election of Board
Section 10: Formation of Federation of National Cooperatives
Section 20: Qualifications of the Directors
Section 1: Short Title, Extension and Commencement
Section 142: Employment may be terminated on the ground of incompetence
Section 104: Office of member of the Council to be vacant
Section 48: Review Committee
Section 100: Annual Report to be submitted
Section 163: International Aid and Relation
Section 42: Substitute leave
Section 103: Functions, duties and powers of the Council
Section 41: Public leave
Section 32: Power to Give Directions
Section 85: Exchange of Mutual Cooperation
Section 28: Application to be made
Section 94: Powers, functions and duties of the Office
Section 105: Trust Accounts
Section 49: Functions, duties and powers of Accounts Supervision Committee
Section 88B: Provision Relating to the Formation of the Special Administration
Section 98: Report to be submitted
Section 54: Variation Order
Section 25: ……………………………
Section 103: Special Administration/Management Team
Section 131: Misconduct and punishment
Section 120: Appointment of a Liquidator
Section 14: Obligations of the Intermediary Practitioner
Section 125: Settlement of Small Amount Claim
Section 16: Permission of the Bank to be Obtained to Open an Account
Section 38: Functions, Duties and Powers of Annual General Meeting
Section 57: Appointment of the Executive Director
Section 63: Blocklisting and Exclusion from the Blocklist
Section 3: Establishment of the Bank
Section 156: Establishment of Insurance Institutions
Section 12: Power of Bank to Give Direction, Frame By-Law or Issue Order or Notice
Section 176: Special powers of the Ministry
Section 21: Disqualification of the Directors
Section 67: Find of a Cooperative Organisation
Section 132: Statutory Limitation to file a complaint
Section 27: Bylaws to be framed
Section 100: Punishment for Violation of the Bank’s Regulation
Section 22: Grounds for Removal of the Directors from Office
Section 25: Language of the contract
Section 59: Account of Issued Currency
Section 116: Recommendation may be made
Section 7: Responsibility Towards Procurement Activities
Section 53: Measurement, Weights and Size of Coins
Preamble
Section 61: Type of Insurance Business
Section 143: Settlement of Disputes
Section 13: Bidding Documents to be Prepared
Section 18: Method of Submission of Bids
Section 23: Examination of Bids
Section 14A: Not to carry out Dhukuti transactions
Section 50: Discount Rate and Rate of Interest for Refinance
Section 16: Clarification as to Unclear Matter on Bidding or Pre-Qualification Documents
Section 107: No Responsibility for Acts Done in Good Faith
Section 67: Issuance of Debt Bond Against Gold and Foreign Currency
Section 134: Power to suspend
Section 154: Formation of Expert Groups
Section 15: To be Registered
Section 54: Medical insurance to be made
Section 5: Formation of District Cooperative Association
Section 40: Catastrophic Fund
Section 128: Prohibition on filing of case against loss
Section 43: Restriction on Distribution of Dividend
Section 93: Responsibilities of Insurance Intermediaries
Section 65: Loans or Grants may be obtained
Section 65: Dealing in Foreign Exchanges
Section 166: Decisions to be executed
Section 138: Fineable
Section 131: Operation and Management of Insurance in Province
Section 138: Cooperative Education
Section 88C: Function, Duty and Power of Special Administration Team
Section 139: Security of employment
Section 160: Delegation of Authority
Section 25: Public Notification of Governor’s Appointment
Section 52: Procurement Contract and Terms and Conditions Thereof
Section 90: Work should not be done without a license
Section 151: Formation of Labour Court
Section 62: Revocation, suspension of license or fine
Section 89: Provisions relating to seasonal enterprises
Section 58: Provisions Relating to Currency Inventory and Issuance of Currency
Section 6: Prohibition on discrimination
Section 57: Soiled or Counterfeit Currency
Section 169: Procedure relating to service of notice
Section 62: Conduct to Bidder or Proponent
Section 53: To receive gratuity
Section 130: Government of Nepal to be a plaintiff
Article 144: Jurisdiction of the High Court
Section 21: Action not be initiated on the ground of breach of secrecy
Section 21: Transaction, Business, Industries, or Project may be operated
Section 61A: Departmental Action to be Taken
Section 2: Definitions
Section 24: Work permit may be issued
Section 3: Electronic Trading May be Carried Out
Section 14: Information to be provided to the Authority
Section 3A: Power of Bank to Take Action
Section 110: Power to Frame Rules and Bylaws
Section 123: Saving of actions taken in good faith
Section 115: The Authority may give directions to merge or to be amalgamated
Section 84: Preparation of Financial Statements
Section 52: Meetings of Board of Directors
Section 66: Liability of labours to rest on the main employer
Section 70: Legal Documents to be Kept on Website
Section 99: Fine for Violation of the Bank’s Regulation
Section 179: This Act to prevail
Section 100: Labour audit to be made
Section 101: Cooperative Savings and Credits Security Fund
Section 51: Monetary Unit
Section 8: Not to misuse credit
Section 6: Prior Right of the Bank
Section 51: Procurement Proceeding to be Withheld
Section 144: Notice to be given
Section 24: Non-Procession of Bids
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Section 56: No Distribution of Dividend

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