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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Schedule
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Section 112: Final Report to be Submitted
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Section 111: Guidelines to be Framed and Implemented
Section 29: Granting License
Section 125: Settlement of Small Amount Claim
Section 108: Provisions After the Achievement of Improvement in Condition of the Insurer
Section 42: Assets to be maintained more than liabilities
Section 146: Resumption of operation
Section 61: Reproduction and Counterfeiting of Currency
Section 95: Powers, functions and duties of inspector
Section 21: Provisions relating to social security
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Section 14: Formation of the Board
Section 144: Punishment for those who oppose obstacles
Section 61: Confidentiality to be maintained
Section 127: Remuneration for strike or lock-out period
Section 131: Operation and Management of Insurance in Province
Section 25: Public Notification of Governor’s Appointment
Section 173: Increment of insurance amount
Section 116: Collective claim may be submitted
Section 75: Credit to the Government of Nepal and Purchase of Government Debt Bonds
Section 30: Membership of Organisation
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Section 122: Offences deemed to be committed
Section 11D: Power to Search Building or Place of Transaction
Section 15: Power of the Government of Nepal to Give Directives
Section 56: Management of Insurance Company
Section 112: Notice to be given for submission of liabilities
Section 44: Directors not to continue to hold the office
Section 94: Delegation of Authority
Preamble
Section 27: Power to Refuse Prior Approval
Section 76: Saving
Section 105A: State Government may constitute a State Labour Advisory Council
Section 10B: Provisions Relating to Lending and Borrowing of Loans in Foreign Exchange
Section 5: Prohibition on employment of children
Section 84: Inspection and Supervision
Section 34: Cancellation of License
Section 11E: Power to Arrest
Section 108: Internal management may be made
Section 144: Encouragement may be given
Section 2: Definitions
Section 22: Opening of Bids
Section 17: Provisions relating to labour to be applicable
Section 48: Term of Office of the Director
Section 57: Payment of Bill or Invoice
Section 50: Transaction of Savings and Credits to be made concentrating on Member
Section 145: Limitation for Complaint
Section 57: Social security scheme to be applicable
Section 135: Opportunity to be given to submit clarification
Section 106: Notice of the Work
Section 94: Report on Monetary Policy
Section 128: Prohibition on filing of case against loss
Section 20: Classification may be made on Sectoral Basis
Section 157: Case may be compromised
Section 93: Functions, duties and powers
Section 20: Not to restrain from working elsewhere
Section 84: Preparation of Financial Statements
Section 60: De-registration
Section 86A: Commercial Banks and Financial Institutions to Provide Information to the Bank
Section 77: Contract to be made
Section 117: Liquidation of Insurance Company
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Section 121: Provisions concerning Employees of Management Committee
Section 92: Qualifications of Insurance Mediators
Section 64: Insurance Premium
Section 168: Power to impose punishment in the event of non-execution of judgment, compromise or agreement
Section 33: Management Committee
Section 63: Insurance Policy
Section 25: Adjudication proceedings and disposal of the case not be affected
Section 114: Insurer May Merge or be Amalgamated
Section 55: Issuance of Currency and Security
Section 66: Insurance Not to Be Done
Section 20: Qualifications of the Directors
Section 2: Definitions
Section 103: Functions, duties and powers of the Council
Section 35: Payment of remuneration
Section 85: Special provisions relating to construction labours
Section 17: Appointment of the Directors
Section 89: Provisions relating to seasonal enterprises
Section 145: Departmental actions may be taken
Section 141: Punishment
Section 81: To engage in easier work
Section 42: Special Provision Relating to Ration Procurement
Section 12: Power of Bank to Give Direction, Frame By-Law or Issue Order or Notice
Section 181: To frame and implement directives and procedures
Section 17: Punishment
Section 68: Formulation of safety and health Policy
Section 18: Government to be the plaintiff
Section 61: Obligations of labour supplier
Section 96: Investigation may be conducted
Section 150: Insured Insurance Protections Fund
Section 103: ………………….
Section 176: Special powers of the Ministry
Section 134: Due Amount to be recovered
Section 138: Punishment may be remitted
Section 102: Filing Appeals
Section 3: License to be Obtained to Carry on Foreign Exchange Transaction
Section 88: Provisions relating to domestic labours
Section 10: Coordination with Public Bodies
Section 113: Submission of individual claims
Section 2: Definitions
Section 56: No Distribution of Dividend
Section 109: Authority may be delegated
Section 67: Restrictions on undertaking business in partnership or acquire assets in ownership
Section 1: Short title and commencement
Section 27: Bylaws to be framed
Section 39: Meeting General Meeting
Section 66: Foreign Exchange Reserve
Section 142: Don’t work in the Insurance Business
Section 80: Banking and Financial System and Credit Control
Section 62: Conduct to Bidder or Proponent
Section 14: Information to be provided to the Authority
Section 13: Provision relating to probation period
Section 40: Weekly leave
Section 106: Actions not to be Invalid
Section 48: Formation of Accounts Supervision Committee
Section 69: Activities restricted to be carried on by Insurance Company
Section 132: Statutory Limitation to file a complaint
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Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 88N: Exchange of Reciprocal Assistance
Section 51: Procurement Proceeding to be Withheld
Section 76: Appointment of an Auditor
Section 11G: Prohibition on Divulgence of Secrecy
Section 112: Performance evaluation of labours by enterprise
Section 81: Re-Insurance Business
Section 69: Secured Capital Redemption Fund
Section 100: Punishment for Violation of the Bank’s Regulation
Section 73: Delegation of Power
Section 21: Claim or Complaint Not to Lie
Section 34: Termination of membership
Section 156: Establishment of Insurance Institutions
Section 9B: Acts Not to be Done by the Exporter
Section 19: Document to be Void
Section 18: Engagement in work as trainee labour
Section 151: Standards, Directives or Procedures may be framed and submit
Section 109: This Act to be Applicable
Section 36: Rejection of Proposal and Cancellation of Procurement Proceedings
Section 47: Dissolution of Board
Section 88D: Power to be Automatically Suspended During the Period of Resolution
Section 88K: Actions Prior to the Commencement of the Action Relating to Resolution to be Inactive
Section 139: Financial Assistance to be provided
Section 47: Application May be Filed Before the Chief of Public Entity
Section 8: Not to misuse credit
Section 77: Restriction on Rate of Interest
Section 14: Not to Carry Out and Cause to Carry Out Irregular Economic and Financial Transactions
Section 39: Capital of the Bank
Section 32: Opening of proposals
Section 37: Entitlement to festival expense
Section 42: Allocation of net loss
Section 86D: Effect of the Control of the Bank on any Commercial Bank or Financial Institution
Section 152: Complaint Hearing
Section 88G: Recommendation May be Made for Improving the Financial Condition of the Commercial Bank or Financial Institution
Section 65: Loans or Grants may be obtained
Section 6: Prohibition on discrimination
Section 63: Management of Foreign Exchange
Section 64: Particulars of Foreign Exchange Transactions
Section 157: Collection of Statistics
Section 89: Recommending Action
Section 30: Functions, Duties and Powers of the Governor
Section 13: Bidding Documents to be Prepared
Section 22: Liabilities to be limited
Section 22: Provisions relating to Delivery of Notice
Section 85: Preference to be accorded
Section 12: Pre-Qualification to be Determined
Section 44: Construction Works May be Caused to be Carried Out by the Users Committee or Beneficiary Community
Section 44: Monetary Policy
Section 66: Security of Government of Nepal may be obtained
Section 3: To remain as minimum standards
Section 115: Decision to be made by the Office
Section 50: Method of Review
Section 3: Formation of Organisation
Section 100: Annual Report to be submitted
Section 148: No Hindrance to take actions according to prevailing laws
Section 19: Part-time employment
Section 129: Complaint Regarding Loss or Damage
Section 145: Retrenchment may be made
Section 72: Duties of manufacturers, importers and suppliers
Section 123: Saving of actions taken in good faith
Section 2: Definition
Section 22: Restriction on employment of foreigners
Section 63: Blocklisting and Exclusion from the Blocklist
Section 108: Oath of Office
Section 39: Compulsory Reserve Fund
Chapter-2 Establishment of Authority and Its Functions, Duties and Power
Section 64: Public Procurement Monitoring Office
Section 62: Insurance Contract
Section 164: The Government of Nepal may Issue Directives
Section 153: Powers of Labour Court
Section 55: Price Adjustment in Procurement Contract
Section 79: Micro-Insurance Regulation Fees
Section 147: Prevailing law relating to companies not to apply
Section 21: Disqualification of the Directors
Section 6: Formation of the Board
Preamble
Section 4: Objectives of the Bank
Section 118: Settlement through mediation
Section 110: Recommendation for Improving Financial Condition of the Insurer
Section 124: Payment of Re-insurance Claim
Section 62: Liquid Assets to be maintained
Section 11: International Cooperation and Relationship
Section 85: Exchange of Mutual Cooperation
Section 21: Action not be initiated on the ground of breach of secrecy
Section 83: Dues to recover
Section 104: Organisation or Association may be declared problematic
Section 1: Short title and commencement
Nepal Rastra Bank Act, 2058
Section 91: Utilisation of Assets after Liquidation
Section 95: Acts Deemed to be Offences Under this Act
Section 12: Formation of Cooperative Bank
Section 96: Obligations of inspector or employee
Section 60: Able to create a whistleblowing policy
Section 87: Audit of Insurer
Section 58: Provisions Relating to Currency Inventory and Issuance of Currency
Section 45: Works May be Done or Cause to be Done by Force Account
Section 26: Rejection of Bids or Cancellation of Procurement Proceedings
Section 31: Soliciting Proposals
Section 61A: Departmental Action to be Taken
Section 8: Duty of Importers
Section 33: May become members
Section 16: Registration may be Denied
Section 19: Proceedings may be initiated by detaining into the custody
Section 41: Claim Payable Fund and Reserve Fund
Section 50: Computation of year
Section 18: Method of Submission of Bids
Section 73: Bank may ask for Particulars, Statistics and Documents
Section 182: Powers to frame rules
Section 22: Power to Frame Rules
Section 29: Regulation may be framed
Section 7: Duty of Persons Who Have Source to Obtain Foreign Exchange
Section 113: Insurance Business May Be Transferred
Section 87: Special provisions relating to tourism labours
Section 14: Continuity of existence of the employment relationship despite change in ownership
Section 11: Oath to be taken
Section 140: Termination of time-based and work-based employment
Section 9A: To Receive Payment of Value of Exported Goods
Section 2: Definitions
Section 40: Catastrophic Fund
Section 14B: Not to carry out banking transactions in an illegal manner
Section 26: Prior approval required
Section 54: Measurement, Weights and Size of Coins
Section 105: Trust Accounts
Section 70: Duties of employer towards non-labour
Section 169: Procedure relating to service of notice
Section 3: Establishment of the Authority
Section 139: Procedures of Taking Actions
Section 54: Variation Order
Section 119: Cooperative may be sought
Section 46: Restriction on sold, mortgaged, or transferred
Section 107: Preparation of New Financial Statements
Section 85: Audit Committee of Insurer
Section 34: Audit Committee
Section 10: Types of employment
Section 95: Inspection and Checking of Accounts
Section 60: Submission of details by licensee
Section 59: License to be obtained
Section 149: Labours to get first priority
Section 55: Accidental insurance to be made
Section 24: Restriction on Insurance Business without license
Section 73: Duties of labour
Section 79: Debts to be recovered
Section 12A: Not to make any Fraudulent Activities to Bank and Financial Institutions and Cooperatives
Section 91: License to Insurance Mediators
Section 55: Delegation of Powers
Section 105: Provisions relating to meetings of the Council
Section 99: Power of the Office to give direction
Section 24: Issuance of order for creating encumbrances over the assets of a foreign individual
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 34: Entitlement of labours to remuneration
Section 18: Inquiry and Institution of Case
Section 52: Limit of Personal Saving
Section 7: Prohibition on discrimination in remuneration for equal work
Section 165: Appeal
Section 5: Functions, Duties and Power of the Authority
Section 9C: Restriction on Making or Receiving Payment
Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal
Section 94: Powers, functions and duties of the Office
Section 66: Provision Concerning Procurement to be Made in Special Circumstances
Section 16: Punishment to the Persons Creating Hindrance
Section 9: Procurement to be Made by Inviting Open Bid
Section 9: Formation of Specialised Cooperative Association
Section 127: Person Entitled to Get Payment
Section 12: Flow of Public Information
Section 4B: Payment for Sale of Goods or Provision of Services to a Foreigner
Section 11: Not to stop credit facility in the way to loss working project of borrower
Section 51: Monetary Unit
Section 89: Fiscal Year
Section 59: Account of Issued Currency
Section 118: Terms and conditions of services of chairperson and members of Management Committee
Section 78: Claim of Micro-Insurance
Section 49: Loan and Refinance to Commercial Banks and Financial Institutions
Section 35: Facilities not to be entitled to
Section 1: Short title and commencement
Section 64: Provisions Concerning Withdrawal of Amount and Operation of Accounts
Section 46: Compulsory Deposit of Commercial Banks and Financial Institutions
Section 57: Appointment of the Executive Director
Section 16: Appointment of the Deputy Governor
Section 45: Maternity leave
Section 12: Not to Make Loss by Making Alteration in Account or Ledger or by Committing Forgery or Fraud
Section 13: Functions Duties and Powers of the Chairperson
Section 119: Settlement of dispute through arbitration
Section 41: Board of Directors
Section 104: Functions, Duties and Powers of Special Administration Team
Section 84: Provisions relating to tea-estate labours
Section 43: Provision Relating to Renting House and Land and Obtaining Service on Contract
Section 109: Transfer may be made
Section 27: Acceptance of Bid and Procurement Contract
Section 59: Termination of Procurement Contract and Remedy Therefor
Section 86H: Decreasing the Capital of Problematic Commercial Bank or Financial Institution
Section 148: Request for Details
Section 72: Accepting risk based on the property itself
Section 55: Prohibition on Disbursing Credit
Section 16: Meeting of the Board
Section 59: Technical or Management Service Agreement
Section 104: Office of member of the Council to be vacant
Section 11: Prohibition on employment without entering into employment contract
Section 2: Definitions
Section 132: Prohibition of sexual harassment
Section 58: Functions, Duties and Power of Chief Executive
Section 37: Professional Code of Conduct and Official Responsibility
Section 69: Duties of employer towards labour
Section 17: Deadline for Submission of Bids or Pre-Qualification Proposals
Section 38: Insurance Fund
Section 139: Security of employment
Section 4:
Section 22: Grounds for Removal of the Directors from Office
Section 79: Regulatory Powers of the Bank
Section 26: Fulfilment of Vacant Office
Section 129: To refer for investigation
Section 4: Prohibition on employing in forced labour
Section 92: Auditing
Schedule
Section 178: Transitional provisions
Section 74: Obtained Approval While Selling Assets
Section169: Enact and Enforce Regulations
Section 126: Employment contract not to be violated
Section 52: Meetings of Board of Directors
Section 35: Evaluation of Financial Proposals
Section 43: Restriction on Distribution of Dividend
Section 82: Special provisions relating to treatment of occupational disease
Section 10: Formation of Federation of National Cooperatives
Section 49: Application May be Filed Before the Review Committee
Section 74: To form safety and health committee
Section 114: Remedial Actions may be taken
Section 7: Responsibility Towards Procurement Activities
Section 25: Evaluation of Bids
Section 52: Power to Issue Banknotes and Coins
Section 83: Direction may be issued
Section 71: Provisions concerning Other Funds
Section 102: Formation of Central Labour Advisory Council
Section 16: Trainees may be engaged in work
Section 160: Procedures of the cases
Section 88O: Application for Liquidation May be Made
Section 57: Soiled or Counterfeit Currency
Section 23: Repeal
Section 67: Procurement process under this Act not to be applied
Section 80: Arrangements for control of infectious diseases to be made
Section 107: No Responsibility for Acts Done in Good Faith
Section 32: Prohibition on Vested Personal Interest
Section 1: Short Title and Commencement
Section 14A: Not to carry out Dhukuti transactions
Section 71: Deposit Collection
Section 28: Meeting of the Board
Section 110: To be deputed as representative
Section 67: Issuance of Debt Bond Against Gold and Foreign Currency
Section 102: Mutual Security Services may be conducted
Section 112: Repeal and Saving
Section 80: Reinsurance Required
Section 166: Decisions to be executed
Section 150A: Instructions On Prevention of Money Laundering Must Be Followed
Section 74: Consultation on the Matter of Law Reform
Section 143: Settlement of Disputes
Section 6: Formation of Provincial Sectoral Cooperative Association
Section 3A: Power of Bank to Take Action
Section 2: Definitions
Section 26: Functions of National Cooperatives Federation
Section 41: Provision for Direct Procurement
Section 41: Allocation of net profit
Section 100: Labour audit to be made
Section 24: Non-Procession of Bids
Section 73: Details to be made available
Section 110: To be borne from Assets of Organisation or Association
Section 78: License to be Obtained from Bank
Section 66: Liability of labours to rest on the main employer
Section 68: International Clearing and Payment Agreements
Section 20: Cooperation to be extended
Section 68: Reserve Fund
Section 124: Right to lock-outs
Section 84: To be sent for freezing
Section 108: Provisions concerning Payment of Liabilities
Section 28: Application to be made
Section 80: Provisions concerning Blacklist
Section 48: Review Committee
Section 137: Period for taking decision
Section 34: Opening of Financial Proposal
Section 32: Can open a branch office
Section 98: To Regulate, Inspect and Monitor
Section 69: Banker, Advisor and Financial Agent
Section 70: Consultation and Information Relating to External Debt
Section 137: Social Audits may cause to be conducted
Section 135: Special Provisions concerning operation of Association
Section 52: Procurement Contract and Terms and Conditions Thereof
Section 61: Type of Insurance Business
Section 74: Power to Make Rules
Section 33: Evaluation of Technical Proposal
Section 167: Pursuant to this Act
Section 45: Directors may be removed from Office
Section 90: Provisions relating to enterprise which is incorporated in foreign country and operates business in Nepal
Section 162: Coordinate with Public Bodies
Section 19: Remuneration and Other Benefits to the Directors
Section 88C: Function, Duty and Power of Special Administration Team
Section 16: Permission of the Bank to be Obtained to Open an Account
Section 7: Not to avail or provide loans in an unauthorised manner
Section 11I: To Give Receipt
Section 13: Operation of Accounts
Section 99: Fine for Violation of the Bank’s Regulation
Section 86C: Bank to Take Action Against Problematic Commercial Bank or Financial Institution
Section 153: Not to Make Insurance Transactions with Anyone Except Insurer
Section 32: Fixation of working hours
Section 53: To receive gratuity
Section 144: Notice to be given
Section 60: Currency Recall or Withdrawal
Section 151: Formation of Labour Court
Section 180: This Act not to apply
Section 170: Implementing Guidelines and Procedures
Section 23A: Standards to be Followed
Section 30: Short List to be Prepared by Soliciting Expression of Interest Openly
Section 46: Birth registration certificate to be submitted
Section 17: Time and limitation for the Lodgement of First Information Report
Section 28: Internal Procedures may be framed
Section 11F: Power to Hold in Detention
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