Section 21: Claim or Complaint Not to Lie

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1) No case, complaint or legal action of any kind shall be instituted in any court against any person for any act done or purported to be done by that person in good faith in accordance with this Act or the Rules, By-laws, orders, notices or directions framed or issued under this Act.

2) No claim of any kind may be made for any loss or damage to any person as a result of the non-provision of the foreign exchange by the Government of Nepal, the Bank, or a licensee to that person (except for knowingly or recklessly).

Tagged:
Foreign Exchange (Regulation) Act 2019
nepal law

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Section 86: Appointment of Auditor of Insurer
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Section 141: Provisions concerning tax
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Section 73: Duties of labour
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Section 64: Obligations of the main employer
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Section 143: Settlement of Disputes
Section 111: Guidelines to be Framed and Implemented
Section 6A: Preparation of Exiting List
Section 136: Suspension of License or Ban of Insurance Business
Section 39: Meeting General Meeting
Section 78: Exemptions, Facilities and Discounts
Section 16: Meeting of the Board
Section 15: To be Registered
Section 63: Payment of remuneration and other benefits
Section 29: Consultancy Services May be Procured
Section 3: Procurement to be Made as Per This Act
Section 120: Expert Service may be sought
Section 177: Labour coordination committee
Section 78: License to be Obtained from Bank
Section 24: Objective of Organisation or Association
Section 5: Not to make unauthorised withdrawals or payments
Section 36: Entitlement to annual increment in remuneration (grade)
Section 76: Bank’s Approval Required for Accepting Deposits or Giving Credits
Section 88: Establishment of Credit Information Centre
Section 135: Authority May Give Direction to Withold Payment of Insurance or Revoke the Insurance Policy
Section 34: Cancellation of License
Section 89: Fiscal Year
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Section 25: Adjudication proceedings and disposal of the case not be affected
Section 47: Failure to Maintain Compulsory Deposit
Section 46: Birth registration certificate to be submitted
Section 11: Prohibition on employment without entering into employment contract
Section 171: Special provisions relating to managers and managerial level labours
Section 46: Not to be involved in the decision-making process having conflict of personal interest
Section 94: Renewal of License of Insurance Intermediaries
Section 112: Notice to be given for submission of liabilities
Section 28: To be governed as per the prevailing laws
Section 64: Provisions Concerning Withdrawal of Amount and Operation of Accounts
Section 67: Issuance of Debt Bond Against Gold and Foreign Currency
Section 12: Power of Bank to Give Direction, Frame By-Law or Issue Order or Notice
Section 15: Appointment of the Governor
Section 43: Restriction on Distribution of Dividend
Section 60: Submission of details by licensee
Section 57: Soiled or Counterfeit Currency
Section 27: Bylaws to be framed
Section 146: Resumption of operation
Section 114: Remedial Actions may be taken
Section 132: Prohibition of sexual harassment
Section 127: Remuneration for strike or lock-out period
Section 15: Punishment
Section 23: Repeal
Section 144: Notice to be given
Section 8: Right relating to trade union
Section 29: Regulation may be framed
Section 44: Allotment of Shares
Section 65: Dealing in Foreign Exchanges
Section 44: Directors not to continue to hold the office
Section 115: Management Committee may write to take action
Section 11I: To Give Receipt
Section 88C: Function, Duty and Power of Special Administration Team
Section 139: Procedures of Taking Actions
Section 79: Micro-Insurance Regulation Fees
Section 61: Obligations of labour supplier
Section 149: Power to frame Rules
Section 72: Records of Procurement Proceedings
Section 7: Not to avail or provide loans in an unauthorised manner
Section 10: Not to acquire assets or open account by borrower who has over dues
Section 81: To engage in easier work
Section 6: Not to obtain or make payment by way of abuse or unauthorised use of electronic means
Section 175: Saving of acts done in good faith
Preamble
Section 86G: Can be Subject of Resolution
Section 28: Internal Procedures may be framed
Section 56: Management of Insurance Company
Section 46: Compulsory Deposit of Commercial Banks and Financial Institutions
Section 41: Provision for Direct Procurement
Section 60: De-registration
Section 95: Inspection and Checking of Accounts
Section 18A: Filing of Case
Section 4: Prohibition on employing in forced labour
Section 55: Delegation of Powers
Section 130: Insurance Mediation
Section 81: Credit to Prescribed Sectors
Section 93: Responsibilities of Insurance Intermediaries
Section 125: Picketing or assembly may be made
Section 44: Construction Works May be Caused to be Carried Out by the Users Committee or Beneficiary Community
Section169: Enact and Enforce Regulations
Section 152: Majority decision to prevail
Section 11J: To Submit Report
Section 65: Group Insurance Fund
Section 7: Duty of Persons Who Have Source to Obtain Foreign Exchange
Section 59: Termination of Procurement Contract and Remedy Therefor
Section 85: Preference to be accorded
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Section 176: Special powers of the Ministry
Section 146: Recovery to be made as government due
Section 20: Cooperation to be extended
Section 34: Entitlement of labours to remuneration
Section 97: Special Provisions concerning Inspection and Monitoring of Organisation or Association carrying out transactions of savings and credits
Section 60: Able to create a whistleblowing policy
Section 155: Power to demand bank guarantee or deposit
Section 129: To refer for investigation
Section 11: No Association may be Formed
Section 56: Provisions on Exchange of Currency
Section 30: Short List to be Prepared by Soliciting Expression of Interest Openly
Section 27: Remuneration, conditions of service, benefits of and other provisions relating to foreign labours
Section 113: Submission of individual claims
Section 53: Functions, Duties and Powers of the Board
Section 43: Provision Relating to Renting House and Land and Obtaining Service on Contract
Section 37: Professional Code of Conduct and Official Responsibility
Section 40: Provision Relating to Sealed Quotation
Section 137: Period for taking decision
Section 148: No Hindrance to take actions according to prevailing laws
Section 133: Provisions relating to misconduct may be made in the bye-law
Section 37: Entitlement to festival expense
Section 145: Limitation for Complaint
Section 4A: Provisions Relating to Foreign Exchange Obtained by Citizens of Nepal
Section 70: The Insurance Appraisal
Section 16: Punishment to the Persons Creating Hindrance
Section 170: Fixation of basic remuneration
Section 125: Settlement of Small Amount Claim
Section 9B: Acts Not to be Done by the Exporter
Section 13: Provision relating to probation period
Section 91: To observe fair labour practice
Section 23: Audit Committee
Section 88K: Actions Prior to the Commencement of the Action Relating to Resolution to be Inactive
Section 148: Request for Details
Section 39: Capital of the Bank
Section 84: To be sent for freezing
Section 91: Annual Report
Section 121: Provisions concerning Employees of Management Committee
Section 3: Formation of Organisation
Section 114: Insurer May Merge or be Amalgamated
Section 23A: Standards to be Followed
Section 62: Foreign Exchange Policy
Section 15: Non-abuse of regulatory opportunity
Section 69: Duties of employer towards labour
Section 11F: Power to Hold in Detention
Section 88: Dissolution and Revocation of Registration
Section 88O: Application for Liquidation May be Made
Section 90: Work should not be done without a license
Section 34: Termination of membership
Section 69: Activities restricted to be carried on by Insurance Company
Section 37: Functions, Duties and Powers of Preliminary General Meeting
Section 21: Provisions relating to social security
Section 35: Function, Duties and Powers of the Audit Committee
Section 142: Don’t work in the Insurance Business
Section 159: Submission of Report to Government of Nepal
Section 129: Complaint Regarding Loss or Damage
Section 85: Audit Committee of Insurer
Section 40: Weekly leave
Section 97: To render necessary assistance
Section 12: Pre-Qualification to be Determined
Section 155: Insurance Information Centre
Section 61: Reproduction and Counterfeiting of Currency
Section 34: Audit Committee
Section 70: Duties of employer towards non-labour
Section 2: Definitions
Section 66: Insurance Not to Be Done
Section 13: Operation of Accounts
Section 151: Formation of Labour Court
Section 3: License to be Obtained to Carry on Foreign Exchange Transaction
Section 111: Authority to be suspended ipso facto
Section 51: Leave not as a matter of right
Preamble
Section 52: Power to Issue Banknotes and Coins
Section 22: Audit
Section 134: Power to suspend
Nepal Rastra Bank Act, 2058
Section 101: Procedures for Pecuniary Penalty and Punishment
Section 133: Annual Report Submit
Section 6: Prior Right of the Bank
Section 94: Delegation of Authority
Section 112: Repeal and Saving
Section 13: Functions Duties and Powers of the Chairperson
Section 48: Formation of Accounts Supervision Committee
Section 143: Special Provision Related with The Insured
Section 102: Measures For the Reformation of Problematic Insurer
Section 9C: Restriction on Making or Receiving Payment
Section 144: Punishment for those who oppose obstacles
Section 4:
Section 99: Power of the Office to give direction
Section 108: Provisions After the Achievement of Improvement in Condition of the Insurer
Section 67: Find of a Cooperative Organisation
Section 17: Time and limitation for the Lodgement of First Information Report
Section 50: Method of Review
Section 47: Remuneration need not be paid
Section 156: Power to order payment of interest
Section 43: Functions, duties and powers of Board
Section 85: Special provisions relating to construction labours
Section 80: Banking and Financial System and Credit Control
Section 20: Fund of the Insurance Authority
Section 88A: Power of the Bank to Carry Out Work of Resolution
Section 180: This Act not to apply
Section 58: Labours may be employed through supplier
Section 43: Annual Budget
Section 88G: Recommendation May be Made for Improving the Financial Condition of the Commercial Bank or Financial Institution
Section 39: Compulsory Reserve Fund
Section 25: Language of the contract
Section 129: Collective bargaining or agreement to be made in good faith
Section 26: Fulfilment of Vacant Office
Section 139: Security of employment
Section 80: Provisions concerning Blacklist
Section 160: Procedures of the cases
Section 6: Power of Government of Nepal to Obtain Foreign Exchange
Section 60: Public Notice of Procurement Contract
Section 64: Public Procurement Monitoring Office
Section 53: Amendment to Procurement Contract
Section 12: Not to Make Loss by Making Alteration in Account or Ledger or by Committing Forgery or Fraud
Schedule
Section 37: Negotiations with the Proponent
Section 59: Technical or Management Service Agreement
Section 4: Objectives of the Bank
Section 181: To frame and implement directives and procedures
Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 70: Cooperative Promotion Fund
Section 23: Notice to be published
Section 67: Restrictions on undertaking business in partnership or acquire assets in ownership
Section 74: Consultation on the Matter of Law Reform
Section 183: Repeal and saving
Section 94: Report on Monetary Policy
Section 27: To be considered ineligible
Section 158: High Court to perform functions of Labour Court
Section 131: Misconduct and punishment
Section 113: Insurance Business May Be Transferred
Section 182: Powers to frame rules
Section 77: Restriction on Rate of Interest
Section 66: Security of Government of Nepal may be obtained
Section 135: Opportunity to be given to submit clarification
Section 85: Exchange of Mutual Cooperation
Section 14B: Not to carry out banking transactions in an illegal manner
Section 5: Restriction on Export and Import of Certain Currency and Bullion
Section 119: Power of The Authority to Initiate the liquidation Process
Section 33: Can open a liaison office
Section 12: Flow of Public Information
Section 108: Oath of Office
Section 26: Functions of National Cooperatives Federation
Section 5: Cost Estimate to be Prepared
Section 163: International Aid and Relation
Section 42: Assets to be maintained more than liabilities
Section 10C: Provisions Relating to Repatriation, Investment of, and Transfer of Right in Foreign Exchange
Section 71: Provisions concerning Other Funds
Section 52: Contribution for provident fund
Section 59: Account of Issued Currency
Section 20: Not to restrain from working elsewhere
Section 31: Soliciting Proposals
Section 113: Audit Report to be prepared
Section 24: Existing Licenses
Section 12: Vacancy in the office of Chairperson or Member
Section 112: Final Report to be Submitted
Section 77: Ineligibility for Appointing Auditor
Section 123: Saving of actions taken in good faith
Section 57: Payment of Bill or Invoice
Section 87: Special provisions relating to tourism labours
Section 6: Prohibition on discrimination
Section 90: Account System
Section 110: To be deputed as representative
Section 13: Not to Derive Excess, Low or False Valuation or Prepare False Financials
Section 45: Directors may be removed from Office
Section 133: Appeal may be filed
Section 108: Internal management may be made
Section 12: Employment relationship to be established
Section 100: Punishment for Violation of the Bank’s Regulation
Section 87: Audit of Insurer
Section 79: Debts to be recovered
Section 36: Paid Up Capital of the Insurer
Section 63: Provisions concerning sale and withdrawal of shares
Section 40: Computation of net profit and loss
Section 17: Appointment of the Directors
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