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 65: Dealing in Foreign Exchanges
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Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 88D: Power to be Automatically Suspended During the Period of Resolution
Section 108: Provisions After the Achievement of Improvement in Condition of the Insurer
Section 11A: Designation of Investigating Officer
Section 59: Technical or Management Service Agreement
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Section 90: Account System
Section 33: Evaluation of Technical Proposal
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Section 134: Power of The Authority
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Section 148: Request for Details
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Section 181: To frame and implement directives and procedures
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Section 157: Collection of Statistics
Section 106: Functions, duties and powers of Management Committee
Section 18: Working Area of Cooperative Organisation
Section 45: Works May be Done or Cause to be Done by Force Account
Section 55: Price Adjustment in Procurement Contract
Section 63: Payment of remuneration and other benefits
Section 49: Qualifications of Directors
Section 115: Management Committee may write to take action
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Section 77: Ineligibility for Appointing Auditor
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Section 91: Annual Report
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Section 87: Audit of Insurer
Section 88E: Notice and Registration of the Work Relating to Resolution
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Section 44: Allotment of Shares
Section 86E: The Reformative Measures and Power to be Used by the Bank or the Official Appointed by the Bank
Section 9: Right to remedy
Section 5: Registration Required
Section 86A: Commercial Banks and Financial Institutions to Provide Information to the Bank
Section 68: Possession of Property Prohibited
Section 135: Opportunity to be given to submit clarification
Section 141: Provisions concerning tax
Section 172: Repeal and Saving
Section 95: Inspection and Checking of Accounts
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Section 24: Work permit may be issued
Section 72: Records of Procurement Proceedings
Section 121: Right to strike for settlement of collective disputes
Section 15: Continuity of existence of employment relationship during the period held in reserve
Section 56: Management of Insurance Company
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Section 35: List to be Published
Section 1: Short Title, Commencement, and Extension
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Section 123: Settlement of Insurance Claim
Section 151: Standards, Directives or Procedures may be framed and submit
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Section 34: Audit Committee
Section 49: Accumulation of leave
Section 152: Majority decision to prevail
Section 27: To be considered ineligible
Section 28: Two-Stage Bidding
Section 176: Special powers of the Ministry
Section 91: License to Insurance Mediators
Section 145: Retrenchment may be made
Section 108: Internal management may be made
Section 45: Operation of Open Market Transaction
Section 70: Consultation and Information Relating to External Debt
Section 102: Measures For the Reformation of Problematic Insurer
Section 16: Registration may be Denied
Section 75: Credit to the Government of Nepal and Purchase of Government Debt Bonds
Section 21: Bid Security
Section 175: Saving of acts done in good faith
Section 61: Type of Insurance Business
Section 11: Oath to be taken
Section 9: Transfer of Goods or Services
Section 117: To hold negotiations on collective claims, demands
Section 74: Power to Make Rules
Section 104: Functions, Duties and Powers of Special Administration Team
Section 132: Statutory Limitation to file a complaint
Section 51: Procurement Proceeding to be Withheld
Section 13: Prohibition on Entering into Contract in Contravention of the Objective of This Act
Section 60: Currency Recall or Withdrawal
Section 135: Special Provisions concerning operation of Association
Section 2: Definitions
Section 13: Bidding Documents to be Prepared
Section 98: Report to be submitted
Section 27: Monitoring and Inspection of Electronic Commerce
Section 11: Process and Stage of Bidding
Section 109: This Act to be Applicable
Section 70: Cooperative Promotion Fund
Section 169: Procedure relating to service of notice
Section 89: Recommending Action
Section 45: Maternity leave
Section 133: Provisions relating to misconduct may be made in the bye-law
Section 30: Short List to be Prepared by Soliciting Expression of Interest Openly
Section 7: Deemed to be a Contract
Section 88B: Provision Relating to the Formation of the Special Administration
Section 164: Decision may be made by the Labour Court
Section 42: Special Provision Relating to Ration Procurement
Section 79: Debts to be recovered
Section 16: Seller’s Liability
Section 66: Provision Concerning Procurement to be Made in Special Circumstances
Section 16: Appointment of the Deputy Governor
Section 131: Misconduct and punishment
Section 85: Audit Committee of Insurer
Section 47: Failure to Maintain Compulsory Deposit
Section 114: Insurer May Merge or be Amalgamated
Section 154: Formation of Expert Groups
Section 5A: Approval to be Made
Section 10: Restriction on Export and Transmission of Securities
Section 57: Prohibition of Purchase of Goods with Commercial Objectives
Section 12A: Not to make any Fraudulent Activities to Bank and Financial Institutions and Cooperatives
Section 153: Powers of Labour Court
Section 99: Power of the Office to give direction
Section 124: Punishment
Section 106: Notice of the Work
Section 10: Coordination with Public Bodies
Section 166: Decisions to be executed
Section 3: Establishment of the Bank
Section 101: Procedures for Pecuniary Penalty and Punishment
Section 93: Submission of Report to Government of Nepal
Section 15: Punishment
Section 22: Power to Frame Rules
Section 17: Provisions relating to labour to be applicable
Section 141: Employment may be terminated voluntarily
Section 17: Buyer’s Obligations
Section 112: Repeal and Saving
Section 25: ……………………………
Section 27: Acting Governor
Section 83: Dues to recover
Section 41: Claim Payable Fund and Reserve Fund
Section 15: To be Registered
Section 102: Mutual Security Services may be conducted
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 148: Payment of benefits
Section 133: Appeal may be filed
Section 52: Limit of Personal Saving
Section 91: To observe fair labour practice
Section 29: Consultancy Services May be Procured
Section 4: Objectives of the Bank
Section 3: Procurement to be Made as Per This Act
Section 147: Compulsory retirement
Section 57: Appointment of the Executive Director
Section 41: Provision for Direct Procurement
Section 134: Power to suspend
Section 2: Definitions
Section 11F: Power to Hold in Detention
Section 106C: Government of Nepal May Give Directives
Section 142: Employment may be terminated on the ground of incompetence
Section 34: Deemed to Have Been Done by the Entrepreneur Himself
Section 16: Permission of the Bank to be Obtained to Open an Account
Section 12: Not to Make Loss by Making Alteration in Account or Ledger or by Committing Forgery or Fraud
Section 84: Inspection and Supervision
Section 23: Audit Committee
Section 61A: Departmental Action to be Taken
Section 43: Home leave
Section 150: Insured Insurance Protections Fund
Preamble
Section 8: Electronic Commerce Payments
Section 14: Information to be provided to the Authority
Section 105A: State Government may constitute a State Labour Advisory Council
Section 10: Qualification of Bidder or Proponent
Section 4: Establishment of An Electronic Platform
Section 9: Formation of Specialised Cooperative Association
Section 125: Settlement of Small Amount Claim
Section 9C: Restriction on Making or Receiving Payment
Section 76: Bank’s Approval Required for Accepting Deposits or Giving Credits
Section 71: Duties of the responsible person
Section 16: Clarification as to Unclear Matter on Bidding or Pre-Qualification Documents
Section 41: Board of Directors
Section 107: Minimum remuneration fixation committee
Section 93: Functions, duties and powers
Section 112: Performance evaluation of labours by enterprise
Section 22: Restriction on employment of foreigners
Section 4:
Section 156: Establishment of Insurance Institutions
Section 5: Restriction on Export and Import of Certain Currency and Bullion
Section 58: Functions, Duties and Power of Chief Executive
Section 70: The Insurance Appraisal
Section 77: Direction to stop the work
Section 129: To refer for investigation
Section 38: Confidentiality
Section 151: Formation of Labour Court
Section 12: Vacancy in the office of Chairperson or Member
Section 20: No Exemption from Liability
Section 77: Restriction on Rate of Interest
Section 75: Micro Insurance is Required
Section 11: No Association may be Formed
Section 91: Utilisation of Assets after Liquidation
Section 28: Working hours
Section 32: Fixation of working hours
Section 24: Issuance of order for creating encumbrances over the assets of a foreign individual
Section 14: Inspection
Section 109: Transfer may be made
Section 1: Short Title and Commencement
Section 112: Final Report to be Submitted
Electronic Commerce (E-Commerce) Act 2081
Section 35: Evaluation of Financial Proposals
Section 118: Settlement through mediation
Section 4A: Provisions Relating to Foreign Exchange Obtained by Citizens of Nepal
Section 49: Functions, duties and powers of Accounts Supervision Committee
Section 104: Organisation or Association may be declared problematic
Section 57: Payment of Bill or Invoice
Section 14: Formation of the Board
Section 66: Liability of labours to rest on the main employer
Section 88O: Application for Liquidation May be Made
Section 84: Preparation of Financial Statements
Section 74A: May Formulate Technical Guidance, Procedures and Directives
Section 58: Labours may be employed through supplier
Section 66: Insurance Not to Be Done
Section 96: Investigation may be conducted
Section 99: Fine for Violation of the Bank’s Regulation
Section 97: Prohibition to act
Place and date of commencement of the remaining Sections of the Foreign Exchange (Regulation) Act, 2019
Section 88L: Other Provisions Relating to Resolution
Section 11E: Power to Arrest
Section 13: Operation of Accounts
Section 115: Decision to be made by the Office
Section 32: Can open a branch office
Section 100: Regulation Fee
Section 79: Micro-Insurance Regulation Fees
Section 74: To form safety and health committee
Section 19: Prohibition of Engaging in Improper Commercial or Business Activities
Section 7: Prohibition on discrimination in remuneration for equal work
Section 3: Formation of Organisation
Section 10: Formation of Federation of National Cooperatives
Section 69: Procurement Transaction May be Carried Out Through Electronic Communications Means
Section 38: Measures to Implement the Act
Section 126: To freeze transactions, accounts and assets
Section 2: Definitions
Section 113: Insurance Business May Be Transferred
Section 97: To render necessary assistance
Section 110: Power to Frame Rules and Bylaws
Section 13: Functions Duties and Powers of the Chairperson
Section 15: Power of the Government of Nepal to Give Directives
Section 23: Notice to be published
Section 57: Social security scheme to be applicable
Section 127: Person Entitled to Get Payment
Section 114: Application may be made to the Office
Section 48: Term of Office of the Director
Section 10: Goods or Services May be Returned
Section 90: Provisions concerning Liquidation
Section 88: Provisions relating to domestic labours
Section 100: Punishment for Violation of the Bank’s Regulation
Section 86B: Commercial Bank and Financial Institution Deemed to be Problematic
Section 6: Prior Right of the Bank
Section 7: Functions not to be Carried out by the Bank
Section 19A: Special investigation team may be formed
Section 47: Formation of Board of Directors
Section 64: Insurance Premium
Preamble
Section 123: Saving of actions taken in good faith
Section 54: Variation Order
Section 13: Provision relating to probation period
Section 40: Weekly leave
Section 85: Preference to be accorded
Section 52: Procurement Contract and Terms and Conditions Thereof
Section 101: Making application in convenient Office
Section 60: Public Notice of Procurement Contract
Section 105: Trust Accounts
Section 115: The Authority may give directions to merge or to be amalgamated
Section 76: To stop work in the case of immediate danger
Section 80: Arrangements for control of infectious diseases to be made
Section 57: Soiled or Counterfeit Currency
Section 62: Liquid Assets to be maintained
Section 42: Substitute leave
Section 81: Re-Insurance Business
Section 137: Revocation (Cancellation) of License of the Insurer
Section 6: Not to obtain or make payment by way of abuse or unauthorised use of electronic means
Section 98: To Regulate, Inspect and Monitor
Section 13: Prohibition of Sale and Distribution
Section 61: Conduct of the Official Involved in Public Procurement Proceedings
Section 102: Filing Appeals
Section 20: Classification may be made on Sectoral Basis
Section 121: Priorities on the Payment of Liabilities in Case of Liquidation of the Insurance company
Section 88: Right to give order with respect to Audit of Insurer
Section 173: Increment of insurance amount
Section 149: No Obstruction for Punishment
Section 84: Provisions relating to tea-estate labours
Section 140: Termination of time-based and work-based employment
Section 88G: Recommendation May be Made for Improving the Financial Condition of the Commercial Bank or Financial Institution
Section 67: Prohibition on collecting fee from labour
Section 18: Tenure of Office of the Director
Section 49: Application May be Filed Before the Review Committee
Section 32: Restriction on membership
Section 137: Social Audits may cause to be conducted
Section 26: Waiver in the Claim of Punishment may be Happen
Section 21: Accounting of Income and Expenditure
Section 119: Settlement of dispute through arbitration
Section 110: To be borne from Assets of Organisation or Association
Section 17: Cooperative Organisation to be a Corporate Entity
Section 1: Short title and commencement
Section 69: Banker, Advisor and Financial Agent
Section 50: Computation of year
Section 99: Foreign Insurance Company shall inform to the Authority
Section 65: Loans or Grants may be obtained
Section 87: Establishment of Information Network
Section 33: Management Committee
Section 69: Activities restricted to be carried on by Insurance Company
Section 71: Evaluation Committee to be Formed
Section 147: Prevailing law relating to companies not to apply
Section 110: Recommendation for Improving Financial Condition of the Insurer
Section 93: Responsibilities of Insurance Intermediaries
Section 35: Facilities not to be entitled to
Section 33: Arrangement for transportation to be made
Section 161: Appeal to the Supreme Court
Section 19: Working Area of Association and Cooperative Bank
Section 78: Exemptions, Facilities and Discounts
Section 143: Special Provision Related with The Insured
Section 87: Provisions concerning Amalgamation and Division
Section 53: To receive gratuity
Section 24: Objective of Organisation or Association
Section 171: Special provisions relating to managers and managerial level labours
Section 3: License to be Obtained to Carry on Foreign Exchange Transaction
Section 126: Employment contract not to be violated
Section 146: Resumption of operation
Section 22: Liabilities to be limited
Section 61: Confidentiality to be maintained
Section 8: Formation of Central Sectoral Cooperative Association
Section 151: Insurance Development Fund
Section 127: Double Fine to be imposed
Section 86: Appointment of Auditor of Insurer
Section 107: Preparation of New Financial Statements
Section 74B: Right to Remove Obstacles
Section 12: Pre-Qualification to be Determined
Section 52: Power to Issue Banknotes and Coins
Section 11J: To Submit Report
Section 14: Application to be Submitted for Registration
Section 102: Formation of Central Labour Advisory Council
Section 8: Not to misuse credit
Section 54: Functions of Cooperative Bank
Section 89: Provisions relating to seasonal enterprises
Section 59: Nepal Rastra Bank may take over Management
Section 97: Government of Nepal to be Plaintiff
Section 88N: Exchange of Reciprocal Assistance
Section 120: Appointment of a Liquidator
Section 172: Entitlement to remuneration and other benefits
Section 117: Liquidation of Insurance Company
Section 137: Period for taking decision
Section 128: Complaint Relating to Payment of Claim
Section 40: Provision Relating to Sealed Quotation
Section 124: Right to lock-outs
Schedule
Section 88H: Bridge Institution or Unit May be Established
Section 168: Power to Frame Rules
Section 62: Conduct to Bidder or Proponent
Section 105: Provisions relating to meetings of the Council
Section 86: …………………
Section 17: Deadline for Submission of Bids or Pre-Qualification Proposals
Section 42: Election of Board
Section 88A: Power of the Bank to Carry Out Work of Resolution
Section 71: Allocation of Savings
Section 148: No Hindrance to take actions according to prevailing laws
Section 19B: Power to request details
Section 13: No Operation of Cooperative Organisation without Registration
Section 5: Formation of District Cooperative Association
Section 27: Bylaws to be framed
Section 14B: Not to carry out banking transactions in an illegal manner
Section 23: Values, norms and principles of cooperative to be complied with
Section 6: Power of Government of Nepal to Obtain Foreign Exchange
Section 132: Details to be Provided
Section 65: To make inspection, supervision and monitoring
Section 153: Not to Make Insurance Transactions with Anyone Except Insurer
Section 9B: Acts Not to be Done by the Exporter
Section 86: Provisions relating to transport labours
Section 94: Delegation of Authority
Section 22: Fines to be Imposed
Section 23A: Standards to be Followed
Section 44: Sick leave
Section 89: Fiscal Year
Section 51: Discontinue to hold the office of Director
Section 95: Cancellation of License
Section 66: Foreign Exchange Reserve
Section 68: Formulation of safety and health Policy
Section 17: Appointment of the Directors
Section 26: Prior approval required
Section 79: Regulatory Powers of the Bank
Preamble
Section 19: Document to be Void
Section 5: Prohibition on employment of children
Preamble
Section 84: To be sent for freezing
Section 61: Reproduction and Counterfeiting of Currency
Section 149: Power to frame Rules
Section 94: Powers, functions and duties of the Office
Section 135: Authority May Give Direction to Withold Payment of Insurance or Revoke the Insurance Policy
Section 31: Delegation of powers
Section 82: Provisions related to re-insurance contracts
Section 144: Notice to be given
Section 11C: Power to Stop and Search Motor Vehicle
Section 58: Books and Accounts
Section 47: Remuneration need not be paid
Section 37: Power to Make a Directory
Section 130: Insurance Mediation
Section 56: Provisions on Exchange of Currency
Section 1: Short Title, Extension and Commencement
Section 127: Remuneration for strike or lock-out period
Section 36: General Meeting
Section 86I: Right to Appeal Against the Order of the Bank
Section 36: Paid Up Capital of the Insurer
Section 126: Apparent loss or damage
Section 59: Account of Issued Currency
Section 88I: Sequence of Priority of Payment
Section 23: Punishment
Section 138: Punishment may be remitted
Section 107: Inventory to be prepared
Section 159: To forward the matter to the body having jurisdiction
Section 67: Procurement process under this Act not to be applied
Section 129: Collective bargaining or agreement to be made in good faith
Section 62: Foreign Exchange Policy
Section 19: Proceedings may be initiated by detaining into the custody
Section 31: Soliciting Proposals
Section 12: Flow of Public Information
Section 1: Short title and commencement
Section 159: Submission of Report to Government of Nepal
Section 5: Not to make unauthorised withdrawals or payments
Section 138: Fineable
Section 43: Provision Relating to Renting House and Land and Obtaining Service on Contract
Section 47: Dissolution of Board
Section 85: Exchange of Mutual Cooperation
Section 111: Guidelines to be Framed and Implemented
Section 20: Qualifications of the Directors
Section 55: Issuance of Currency and Security
Section 31: Pursuant to the Consumer Protection Act
Section 26: Fulfilment of Vacant Office
Section 10: Types of employment
Section 54: Medical insurance to be made
Section 66: Security of Government of Nepal may be obtained
Section 18: Engagement in work as trainee labour
Section 150: Special provisions relating to regulation, monitoring and supervision
Section 29: Functions, Duties and Powers of the Board
Section 36: No Impediment to Prosecuting Cases in Accordance with Prevailing Law
Section 28: Internal Procedures may be framed
Section 35: May Grant Exemptions, Facilities, or Concessions
Section 28: Right to File a Complaint
Section 109: Authority may be delegated
Section 160: Delegation of Authority
Section 65: Functions, Duties and Powers of Public Procurement Monitoring Office
Section 2: Definitions
Public Procurement Act 2063
Section 120: Power to form labour arbitration tribunal
Section 103: Functions, duties and powers of the Council
Section 144: Encouragement may be given
Section 21: Disqualification of the Directors
Section 42: Assets to be maintained more than liabilities
Section 63: Management of Foreign Exchange
Section 23: Repeal
Section 118: Terms and conditions of services of chairperson and members of Management Committee
Section 80: Reinsurance Required
Section 65: Group Insurance Fund
Section 50: Method of Review
Section 17: Punishment
Section 92: Auditing
Section 67A: Procurement Proceedings Should Not Be Obstructed
Section 177: Labour coordination committee
Section 46: Restriction on sold, mortgaged, or transferred
Section 34: Opening of Financial Proposal
Section 22: Provisions relating to Delivery of Notice
Section 3A: Power of Bank to Take Action
Section 59: Termination of Procurement Contract and Remedy Therefor
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