Section 10B: Provisions Relating to Lending and Borrowing of Loans in Foreign Exchange

Foreign Exchange (Regulation) Act 2019

Section 10B: Provisions Relating to Lending and Borrowing of Loans in Foreign Exchange

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Except in accordance with the provisions of the prevailing law and the provisions specified by the Bank by publishing and broadcasting a public notice, no person shall lend or borrow a loan on a foreign exchange.

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Foreign Exchange (Regulation) Act 2019
nepal law

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Section 88: Establishment of Credit Information Centre
Section 29: Consultancy Services May be Procured
Section 149: Power to frame Rules
Section 160: Delegation of Authority
Section 20: Cooperation to be extended
Section 71: Evaluation Committee to be Formed
Section 46: Not to be involved in the decision-making process having conflict of personal interest
Section 2: Definitions
Section 17: Provisions relating to labour to be applicable
Section 10: Not to acquire assets or open account by borrower who has over dues
Section 88O: Application for Liquidation May be Made
Section 3: To remain as minimum standards
Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 5: Not to make unauthorised withdrawals or payments
Section 3: Procurement to be Made as Per This Act
Section 7: Prohibition on discrimination in remuneration for equal work
Section 27: Power to Refuse Prior Approval
Section 103: Functions, duties and powers of the Council
Section 18: Inquiry and Institution of Case
Section 11J: To Submit Report
Section 13: Provision relating to probation period
Section 106: Fixation of minimum remuneration
Section 142: Employment may be terminated on the ground of incompetence
Section 3A: Power of Bank to Take Action
Section 107: No Responsibility for Acts Done in Good Faith
Section 110: To be deputed as representative
Section 5: Prohibition on employment of children
Section 64: Public Procurement Monitoring Office
Section 11E: Power to Arrest
Section 35: List to be Published
Section 113: Audit Report to be prepared
Section 8: Formation of Central Sectoral Cooperative Association
Section 163: International Aid and Relation
Section 84: To be sent for freezing
Section 99: Fine for Violation of the Bank’s Regulation
Section 134: Power to suspend
Section 108: Provisions concerning Payment of Liabilities
Section 50: Computation of year
Section 90: Provisions relating to enterprise which is incorporated in foreign country and operates business in Nepal
Section 136: Authority imposing punishment
Section 26: Remuneration may be repatriated in convertible foreign currency
Section 77: Restriction on Rate of Interest
Section 49: Application May be Filed Before the Review Committee
Section 42: Allocation of net loss
Section 50: Disqualifications of Directors
Section 68: Reserve Fund
Section 89: Appointment of a Liquidator
Section 69: Duties of employer towards labour
Section 35: Payment of remuneration
Section 96: Obligations of inspector or employee
Section 102: Measures For the Reformation of Problematic Insurer
Section 43: Home leave
Section 52: Procurement Contract and Terms and Conditions Thereof
Section 107: Preparation of New Financial Statements
Section 12: Formation of Cooperative Bank
Section 26: Prior approval required
Section 121: Right to strike for settlement of collective disputes
Section 55: Issuance of Currency and Security
Section 21: Disqualification of the Directors
Section 122: Offences deemed to be committed
Section 23: Foreign citizen to obtain work permit to work in Nepal
Section 99: Foreign Insurance Company shall inform to the Authority
Section 164: The Government of Nepal may Issue Directives
Section 24: Existing Licenses
Section 23: Values, norms and principles of cooperative to be complied with
Section 88K: Actions Prior to the Commencement of the Action Relating to Resolution to be Inactive
Section 9: Procurement to be Made by Inviting Open Bid
Section 51: Monetary Unit
Section 87: Special provisions relating to tourism labours
Section 164: Decision may be made by the Labour Court
Section 130: Observance of discipline and duties
Section 97: Prohibition to act
Section 141: Employment may be terminated voluntarily
Section 57: Social security scheme to be applicable
Section 2: Definitions
Section 140: Termination of time-based and work-based employment
Section 55: Delegation of Powers
Section 37: Entitlement to festival expense
Section 131: Authority to adjudicate a case
Section 110: Power to Frame Rules and Bylaws
Section 100: Labour audit to be made
Section 10: Restriction on Export and Transmission of Securities
Section 17: Cooperative Organisation to be a Corporate Entity
Section 17: Appointment of the Directors
Section 115: Decision to be made by the Office
Section 106B: Expert Service to be Provided
Section 32: Prohibition on Vested Personal Interest
Section 45: Operation of Open Market Transaction
Section 104: Collection of Data
Section 23: Notice to be published
Section 170: Implementing Guidelines and Procedures
Section 54: Measurement, Weights and Size of Coins
Section 42: Assets to be maintained more than liabilities
Section 98: Report to be submitted
Section 79: Micro-Insurance Regulation Fees
Section 59: Account of Issued Currency
Section 138: Fineable
Section 168: Power to impose punishment in the event of non-execution of judgment, compromise or agreement
Section 57: Soiled or Counterfeit Currency
Section 157: Case may be compromised
Section 28: Two-Stage Bidding
Section 139: Financial Assistance to be provided
Section 19: Proceedings may be initiated by detaining into the custody
Section 4:
Section 163: Power of the Department or Office to decide
Section 47: Remuneration need not be paid
Section 50: Method of Review
Section 62: Insurance Contract
Section 30: Provisions relating to overtime
Section 165: Provide Expert Services
Section 146: Recovery to be made as government due
Section 13: Prohibition on Entering into Contract in Contravention of the Objective of This Act
Section 13: Not to Derive Excess, Low or False Valuation or Prepare False Financials
Section 35: Facilities not to be entitled to
Section 40: Weekly leave
Section 13: No Operation of Cooperative Organisation without Registration
Section 70: Cooperative Promotion Fund
Section 157: Collection of Statistics
Section 15: To be Registered
Section 100: Regulation Fee
Section 152: Repeal and Saving
Section 27: Acceptance of Bid and Procurement Contract
Section 48: Term of Office of the Director
Section 63: Payment of remuneration and other benefits
Section 84: Provisions relating to tea-estate labours
Section 7: Formation of Provincial Cooperative Association
Section 44: Directors not to continue to hold the office
Section 3: Not to open an account or demand cash payment in an unauthorised manner
Section 67A: Procurement Proceedings Should Not Be Obstructed
Section 111: Authority to be suspended ipso facto
Schedule
Section 46: Restriction on sold, mortgaged, or transferred
Section 19B: Power to request details
Section 101: Cooperative Savings and Credits Security Fund
Section 138: Punishment may be remitted
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