Section 89: Recommending Action

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The Nepal Insurance Authority shall write to the concerned regulating authority to remove the name of an auditor who does not perform his/her duties as per this Act, from the panel of the auditors to prohibit him/her to carry out audit of any insurance company for one year to three years.

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insurance act
nepal law

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Section 62: Liquid Assets to be maintained
Section 88N: Exchange of Reciprocal Assistance
Section 76: Appointment of an Auditor
Section 52: Limit of Personal Saving
Section 34: Cancellation of License
Section 15: Non-abuse of regulatory opportunity
Section 14: Formation of the Board
Section 72: Records to be maintained
Section 127: Person Entitled to Get Payment
Section 71: Provisions concerning Other Funds
Section 63: Insurance Policy
Section 42: Special Provision Relating to Ration Procurement
Section 86H: Decreasing the Capital of Problematic Commercial Bank or Financial Institution
Section 44: Directors not to continue to hold the office
Section 25: Public Notification of Governor’s Appointment
Section 10: Qualification of Bidder or Proponent
Section 15: Appointment of the Governor
Section 55: Accidental insurance to be made
Section 8: Qualification and Disqualification of Chairperson and Member
Section 132: Details to be Provided
Section 130: Observance of discipline and duties
Section 95: Cancellation of License
Section 62: Revocation, suspension of license or fine
Section 4: Objectives of the Bank
Section 17: Time and limitation for the Lodgement of First Information Report
Section 47: Remuneration need not be paid
Section 20: No Exemption from Liability
Section 97: Prohibition to act
Section 99: Foreign Insurance Company shall inform to the Authority
Section 151: Standards, Directives or Procedures may be framed and submit
Section 12A: Not to make any Fraudulent Activities to Bank and Financial Institutions and Cooperatives
Section 141: Punishment
Section 139: Procedures of Taking Actions
Section 12: Flow of Public Information
Section 112: Final Report to be Submitted
Section 57: Soiled or Counterfeit Currency
Section 7: Not to avail or provide loans in an unauthorised manner
Section 64: Insurance Premium
Section 17: Appointment of the Directors
Section 19: Prohibition of Engaging in Improper Commercial or Business Activities
Section 9B: Acts Not to be Done by the Exporter
Section 76: Saving
Section 88K: Actions Prior to the Commencement of the Action Relating to Resolution to be Inactive
Section 61: Confidentiality to be maintained
Section 167: Power of the Office to have execution of decisions
Section 29: Regulation may be framed
Section 137: Period for taking decision
Section 160: Delegation of Authority
Section 12: Personal Information Must be Kept Confidential
Section 86: Provisions relating to transport labours
Section 59: Technical or Management Service Agreement
Section 135: Opportunity to be given to submit clarification
Section 38: Prohibition on deduction of remuneration
Section 69: Banker, Advisor and Financial Agent
Section 69: Secured Capital Redemption Fund
Section 101: Procedures for Pecuniary Penalty and Punishment
Section 12: Pre-Qualification to be Determined
Bonus Act 2030
Section 94: Powers, functions and duties of the Office
Section 103: Stabilisation Fund
Section 64: Public Procurement Monitoring Office
Section 62: Conduct to Bidder or Proponent
Section 31: Application to be submitted to acquire membership
Section 33: May become members
Section 176: Special powers of the Ministry
Section 2: Definitions
Section 150: Special provisions relating to regulation, monitoring and supervision
Section 28: Meeting of the Board
Section 96: Penalty and Punishment
Section 77: Restriction on Rate of Interest
Section 114: Remedial Actions may be taken
Section 49: Application May be Filed Before the Review Committee
Section 6: Procurement Plan to be Prepared
Section 55: Prohibition on Disbursing Credit
Section 106: Fixation of minimum remuneration
Section 84: To be sent for freezing
Section 34: Deemed to Have Been Done by the Entrepreneur Himself
Section 74B: Right to Remove Obstacles
Section 172: Entitlement to remuneration and other benefits
Section 88F: New Balance Sheet to be Prepared
Section 74: Obtained Approval While Selling Assets
Section 51: Leave not as a matter of right
Section 62: Foreign Exchange Policy
Section 181: To frame and implement directives and procedures
Section 15: To be Registered
Section 78: Special provisions relating to occupational safety and health
Section 150A: Instructions On Prevention of Money Laundering Must Be Followed
Section 14: Invitation to Bids
Section 63: Blocklisting and Exclusion from the Blocklist
Section 38: Confidentiality
Section 13: Bidding Documents to be Prepared
Section 7: Duty of Persons Who Have Source to Obtain Foreign Exchange
Section 115: The Authority may give directions to merge or to be amalgamated
Section 59: Termination of Procurement Contract and Remedy Therefor
Section 122: Offences deemed to be committed
Section 121: Provisions concerning Employees of Management Committee
Section 113: Audit Report to be prepared
Section 3: License to be Obtained to Carry on Foreign Exchange Transaction
Section 58: Mechanism for Dispute Settlement
Section 85: Exchange of Mutual Cooperation
Section 21: Claim or Complaint Not to Lie
Section 98: Bank to Provide Information
Section 35: Evaluation of Financial Proposals
Section 88: Provisions relating to domestic labours
Section 18: Government to be the plaintiff
Section 99: Power of the Office to give direction
Section 108: Internal management may be made
Section 76: Incorporation of Insurance Company for Micro Business Only
Section 110: To be deputed as representative
Section 56: Provision Concerning Extension of Contract Period
Section 67: Prohibition on collecting fee from labour
Section 105: Official to be Suspended
Section 9A: To Receive Payment of Value of Exported Goods
Section 67: Find of a Cooperative Organisation
Section 113: Insurance Business May Be Transferred
Section 33: Management Committee
Section 161: Appeal to the Supreme Court
Section 67: Issuance of Debt Bond Against Gold and Foreign Currency
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 108: Provisions concerning Payment of Liabilities
Section 59: Account of Issued Currency
Section 142: Don’t work in the Insurance Business
Section 103: ………………….
Section 156: Power to order payment of interest
Section 48: Review Committee
Section 91: To observe fair labour practice
Section 17: Cooperative Organisation to be a Corporate Entity
Section 93: Provisions relating to Office and inspectors
Section 17: Provisions relating to labour to be applicable
Section 43: Restriction on Distribution of Dividend
Section 19: Withdrawal and Modification of Bid
Section 136: Exercise of Voting Right
Section 23: Foreign citizen to obtain work permit to work in Nepal
Section 105: Provisions relating to meetings of the Council
Section 16: Seller’s Liability
Section 22: Provisions relating to Delivery of Notice
Section 162: Right to make complaint
Section 23: Punishment
Section 104: Office of member of the Council to be vacant
Section 92: Deemed to be unfair labour practice
Section 25: ……………………………
Section 89: Appointment of a Liquidator
Section 51: Procurement Proceeding to be Withheld
Preamble
Section 102: Mutual Security Services may be conducted
Section 71: Evaluation Committee to be Formed
Section 119: Settlement of dispute through arbitration
Section 14: Information to be provided to the Authority
Section 86E: The Reformative Measures and Power to be Used by the Bank or the Official Appointed by the Bank
Section 5: Function, Duties and Powers of the Bank
Section 11E: Power to Arrest
Section 46: Birth registration certificate to be submitted
Section 19: Working Area of Association and Cooperative Bank
Preamble
Section 134: Due Amount to be recovered
Section 85: Special provisions relating to construction labours
Section 127: Double Fine to be imposed
Section 109: This Act to be Applicable
Section 131: Operation and Management of Insurance in Province
Section 101: Cooperative Savings and Credits Security Fund
Section 143: Employment may be terminated on the ground of health
Section 19: Part-time employment
Section 46: Not to be involved in the decision-making process having conflict of personal interest
Section 20: Fund of the Insurance Authority
Section 88I: Sequence of Priority of Payment
Section 68: Possession of Property Prohibited
Section 32: Opening of proposals
Section 53: Measurement, Weights and Size of Coins
Section 163: Power of the Department or Office to decide
Section 151: Insurance Development Fund
Preamble
Section 162: Coordinate with Public Bodies
Section 69: Duties of employer towards labour
Section 11G: Prohibition on Divulgence of Secrecy
Section 40: Weekly leave
Section 84: Inspection and Supervision
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