Section 13: Prohibition on Entering into Contract in Contravention of the Objective of This Act

Foreign Exchange (Regulation) Act 2019

Section 13: Prohibition on Entering into Contract in Contravention of the Objective of This Act

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No person shall enter into any kind of contract or execute any document in such a manner as to be in contravention of any matter set forth in this Act or the Rules, By-laws, directives, orders or notices framed, given or made under this Act.

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Foreign Exchange (Regulation) Act 2019
nepal law

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Section 94: Report on Monetary Policy
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Section 21: Provisions relating to social security
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Section 42: Substitute leave
Section 142: Employment may be terminated on the ground of incompetence
Section 32: Power to Give Directions
Section 66: Liability of labours to rest on the main employer
Section 3B: Other Provisions Relating to Foreign Exchange Transactions
Section 94: Powers, functions and duties of the Office
Section 37: Professional Code of Conduct and Official Responsibility
Section 5: Restriction on Export and Import of Certain Currency and Bullion
Section 104: Office of member of the Council to be vacant
Section 111: Guidelines to be Framed and Implemented
Section 33: Can open a liaison office
Section 51: Procurement Proceeding to be Withheld
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Section 127: Remuneration for strike or lock-out period
Section 112: Repeal and Saving
Section 67: Prohibition on collecting fee from labour
Section 80: Arrangements for control of infectious diseases to be made
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Section 170: Implementing Guidelines and Procedures
Section 112: Notice to be given for submission of liabilities
Section 142: Contract not to be concluded
Section 51: Monetary Unit
Section 80: Provisions concerning Blacklist
Section 86C: Bank to Take Action Against Problematic Commercial Bank or Financial Institution
Section 81: Credit Information Centre
Section 5: Not to make unauthorised withdrawals or payments
Section 9C: Restriction on Making or Receiving Payment
Section169: Enact and Enforce Regulations
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Section 90: Provisions relating to enterprise which is incorporated in foreign country and operates business in Nepal
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Section 45: Works May be Done or Cause to be Done by Force Account
Section 154: Formation of Expert Groups
Section 67: Procurement process under this Act not to be applied
Section 65: Dealing in Foreign Exchanges
Section 13: Operation of Accounts
Section 65: Group Insurance Fund
Section 107: No Responsibility for Acts Done in Good Faith
Section 86E: The Reformative Measures and Power to be Used by the Bank or the Official Appointed by the Bank
Section 45: Operation of Open Market Transaction
Section 163: Power of the Department or Office to decide
Section 149: Power to frame Rules
Section 12: Formation of Cooperative Bank
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Section 49: Accumulation of leave
Section 55: Prohibition on Disbursing Credit
Section 2: Definitions
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Section 4: Objectives of the Bank
Section 33: Evaluation of Technical Proposal
Section75: Saving from action
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Section 93: Functions, duties and powers
Section 61A: Departmental Action to be Taken
Section 17: Punishment
Section 157: Collection of Statistics
Section 105: Provisions relating to meetings of the Council
Section 121: Provisions concerning Employees of Management Committee
Section 164: Decision may be made by the Labour Court
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Section 41: Claim Payable Fund and Reserve Fund
Section 5: Formation of District Cooperative Association
Section 42: Election of Board
Section 9: Formation of Specialised Cooperative Association
Section 8: Formation of Central Sectoral Cooperative Association
Section 57: Appointment of the Executive Director
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Section 94: Delegation of Authority
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Section 69: Duties of employer towards labour
Section 117: To hold negotiations on collective claims, demands
Section 61: Type of Insurance Business
Section 171: Special provisions relating to managers and managerial level labours
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Section 90: Work should not be done without a license
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Section 10: Restriction on Export and Transmission of Securities
Section 111: Authority to be suspended ipso facto
Section 36: Paid Up Capital of the Insurer
Section 156: Establishment of Insurance Institutions
Section 12: Not to Make Loss by Making Alteration in Account or Ledger or by Committing Forgery or Fraud
Section 154: Proceeding against contempt of court
Section 88G: Recommendation May be Made for Improving the Financial Condition of the Commercial Bank or Financial Institution
Section 116: Collective claim may be submitted
Section 7: Prohibition on discrimination in remuneration for equal work
Section 26: Summary Procedure to be Adopted
Section 48: Mourning leave
Section 1: Short title and commencement
Section 55: Issuance of Currency and Security
Section 139: Procedures of Taking Actions
Section 106C: Government of Nepal May Give Directives
Section 133: Annual Report Submit
Section 4: Description of Goods, Construction Works and Services to be Prepared
Section 11A: Designation of Investigating Officer
Section 76: Bank’s Approval Required for Accepting Deposits or Giving Credits
Section 166: Issue Orders and Directives
Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal
Section 80: Banking and Financial System and Credit Control
Section 56: Provision Concerning Extension of Contract Period
Section 63: Provisions concerning sale and withdrawal of shares
Section 6: Not to obtain or make payment by way of abuse or unauthorised use of electronic means
Section 88O: Application for Liquidation May be Made
Section 19A: Special investigation team may be formed
Section 1: Short Title and Commencement
Section 181: To frame and implement directives and procedures
Section 7: Responsibility Towards Procurement Activities
Section 31: Delegation of powers
Section 174: Delegation of authority
Section 37: Negotiations with the Proponent
Section 45: Maternity leave
Section 72: Duties of manufacturers, importers and suppliers
Section 20: Validity Period of Bid
Section 136: Authority imposing punishment
Section 100: Labour audit to be made
Section 43: Provision Relating to Renting House and Land and Obtaining Service on Contract
Section 144: Notice to be given
Section 51: Reference interest rate may be determined
Section 34: Cancellation of License
Section 29: Amendment to Bylaws and Internal Procedures
Section 11D: Power to Search Building or Place of Transaction
Section 34: Opening of Financial Proposal
Section 98: Bank to Provide Information
Section 47: Dissolution of Board
Section 26: Remuneration may be repatriated in convertible foreign currency
Section 20: Reward to be Provision of Information
Section 13: Prohibition of Sale and Distribution
Section 9B: Acts Not to be Done by the Exporter
Section 101: Making application in convenient Office
Section 23: Constitution, Functions and Duties of Inquiry Committee
Section 117: Report to be submitted
Section 59: Technical or Management Service Agreement
Section 72: Accepting risk based on the property itself
Section 43: Annual Budget
Section 119: Power of The Authority to Initiate the liquidation Process
Section 34: Termination of membership
Section 43: Functions, duties and powers of Board
Section 1: Short title and commencement
Section 149: Labours to get first priority
Section 74: To form safety and health committee
Section 45: Prospectus and Issue of Shares
Section 96: Penalty and Punishment
Section 78: Special provisions relating to occupational safety and health
Section 9: Procurement to be Made by Inviting Open Bid
Section 61: Reproduction and Counterfeiting of Currency
Section 141: Employment may be terminated voluntarily
Section 23: Punishment
Section 73: Duties of labour
Section 70: The Insurance Appraisal
Section 52: Contribution for provident fund
Section 76: To stop work in the case of immediate danger
Preamble
Section 139: Financial Assistance to be provided
Section 79: Debts to be recovered
Section 6: Disclosure of Details
Foreign Exchange (Regulation) Act 2019
Section 10: Goods or Services May be Returned
Section 85: Preference to be accorded
Section 20: Qualifications of the Directors
Section 108: Provisions After the Achievement of Improvement in Condition of the Insurer
Section 36: Entitlement to annual increment in remuneration (grade)
Section 115: Management Committee may write to take action
Section 17: Time and limitation for the Lodgement of First Information Report
Section 70: Duties of employer towards non-labour
Section 73: Details to be made available
Section 9: Relation between the Government of Nepal and the Bank
Section 29: Granting License
Section 168: Power to Frame Rules
Section 9: Transfer of Goods or Services
Section 41: Board of Directors
Section 113: Audit Report to be prepared
Section 57: Social security scheme to be applicable
Section 52: Procurement Contract and Terms and Conditions Thereof
Section 24: Non-Procession of Bids
Section 86G: Can be Subject of Resolution
Section 92: Registrar
Section 116: Recommendation may be made
Section 23: Foreign citizen to obtain work permit to work in Nepal
Section 81: To engage in easier work
Section 89: Appointment of a Liquidator
Section 8: Qualification and Disqualification of Chairperson and Member
Section 22: Audit
Section 75: Repeal and Amendment
Section 78: Exemptions, Facilities and Discounts
Section 81: Credit to Prescribed Sectors
Section 91: To observe fair labour practice
Section 57: Payment of Bill or Invoice
Section 109: Authority may be delegated
Section 105: Formation of Management Committee
Section 19: Withdrawal and Modification of Bid
Section 77: Restriction on Rate of Interest
Section 116: Insurer Many Acquire Another Insurer
Section 46: Birth registration certificate to be submitted
Section 144: Punishment for those who oppose obstacles
Section 14: Inspection
Section 150A: Instructions On Prevention of Money Laundering Must Be Followed
Section 21: Action not be initiated on the ground of breach of secrecy
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 15: Appointment of the Governor
Section 86D: Effect of the Control of the Bank on any Commercial Bank or Financial Institution
Section 90: Provisions concerning Liquidation
Section 123: Special provisions relating to the submission of collective claims, demands
Section 108: Oath of Office
Section 103: Stabilisation Fund
Section 91: Utilisation of Assets after Liquidation
Section 27: Bylaws to be framed
Section 58: Labours may be employed through supplier
Section 88M: Final Description of the Work Relating to Resolution to be Submitted
Section 35: Payment of remuneration
Section 24: Existing Licenses
Section 74B: Right to Remove Obstacles
Section 42: Allocation of net loss
Section 46: Not to be involved in the decision-making process having conflict of personal interest
Section 16: Seller’s Liability
Section 5: Cost Estimate to be Prepared
Section 3: Formation of Organisation
Section 4: Establishment of An Electronic Platform
Section 7: Formation of Provincial Cooperative Association
Section 36: No Impediment to Prosecuting Cases in Accordance with Prevailing Law
Section 107: Inventory to be prepared
Section 21: Claim or Complaint Not to Lie
Section 31: Additional remuneration to be paid
Section 71: Evaluation Committee to be Formed
Section 19: Prohibition of Engaging in Improper Commercial or Business Activities
Section 22: Grounds for Removal of the Directors from Office
Section 99: Fine for Violation of the Bank’s Regulation
Section 102: Filing Appeals
Section 79: Micro-Insurance Regulation Fees
Section 23: Examination of Bids
Section 110: Recommendation for Improving Financial Condition of the Insurer
Section 2: Definitions
Section 156: Power to order payment of interest
Section 61: Obligations of labour supplier
Section 10A: Regulation of Investment Abroad
Section 51: Leave not as a matter of right
Section 160: Delegation of Authority
Section 69: Procurement Transaction May be Carried Out Through Electronic Communications Means
Section 66: Provision Concerning Procurement to be Made in Special Circumstances
Section 11: International Cooperation and Relationship
Section 18B: Certification of Copy of Document Related to Foreign Exchange
Section 41: Public leave
Section 20: Not to restrain from working elsewhere
Section 13: Provision relating to probation period
Section 31: Soliciting Proposals
Section 11: No Association may be Formed
Section 152: Complaint Hearing
Section 60: Currency Recall or Withdrawal
Section 12: Vacancy in the office of Chairperson or Member
Section 10: Not to acquire assets or open account by borrower who has over dues
Section 9: Right to remedy
Section 22: Provisions relating to Delivery of Notice
Section 128: Complaint Relating to Payment of Claim
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