Section 142: Don’t work in the Insurance Business

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In case director, official or employee or the license of any insurance agent, insurance, a or intermediary of the insurer has been suspended, or a case related with offence pursuant to a Section 140 has been filed in the court against them, such director, official, chief executive, consultant or employee or insurance intermediary shall not be allowed to perform any work related with insurance business until such suspension is released or final decision of the case is made.

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insurance act
nepal law

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Section 157: Case may be compromised
Section 90: Provisions relating to enterprise which is incorporated in foreign country and operates business in Nepal
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Section 85: Special provisions relating to construction labours
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Section 39: Remuneration for reserve period
Section 80: Reinsurance Required
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Section 70: The Insurance Appraisal
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Section 141: Provisions concerning tax
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Section 78: Exemptions, Facilities and Discounts
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Section 29: Amendment to Bylaws and Internal Procedures
Section 72: Records to be maintained
Section 117: To hold negotiations on collective claims, demands
Section 5: Formation of District Cooperative Association
Section 1: Short title and commencement
Section 28: Internal Procedures may be framed
Section 151: Formation of Labour Court
Section 158: Not being held accountable for actions done with good intentions
Section 100: Regulation Fee
Section 27: Remuneration, conditions of service, benefits of and other provisions relating to foreign labours
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Section 144: Encouragement may be given
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Section 9: Not to misuse banking resources, means and assets
Section 76: Appointment of an Auditor
Section 49: Qualifications of Directors
Section 15: Continuity of existence of employment relationship during the period held in reserve
Section 99: Foreign Insurance Company shall inform to the Authority
Section 24: Issuance of order for creating encumbrances over the assets of a foreign individual
Section 8: Not to misuse credit
Section 133: Annual Report Submit
Section 118: Terms and conditions of services of chairperson and members of Management Committee
Section 43: Restriction on Distribution of Dividend
Section 1: Short title and commencement
Section 174: Delegation of authority
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Section 23A: Standards to be Followed
Section 136: Exercise of Voting Right
Section 97: Prohibition to act
Section 130: Observance of discipline and duties
Section 26: Prior approval required
Section 10: Formation of Federation of National Cooperatives
Section 22: Provisions relating to Delivery of Notice
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Section 18: Engagement in work as trainee labour
Section 173: Increment of insurance amount
Section 108: Provisions concerning Payment of Liabilities
Section 34: Termination of membership
Section 125: Picketing or assembly may be made
Section 14B: Not to carry out banking transactions in an illegal manner
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Section 27: Power to Refuse Prior Approval
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Section 13: Functions Duties and Powers of the Chairperson
Section 33: Arrangement for transportation to be made
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Section 64: Provisions Concerning Withdrawal of Amount and Operation of Accounts
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Section 102: Formation of Central Labour Advisory Council
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Section 176: Special powers of the Ministry
Section 178: Transitional provisions
Section 148: Payment of benefits
Section 119: Power of The Authority to Initiate the liquidation Process
Section 84: To be sent for freezing
Section 69: Secured Capital Redemption Fund
Section 182: Powers to frame rules
Section 36: Entitlement to annual increment in remuneration (grade)
Section 46: Restriction on sold, mortgaged, or transferred
Section 165: Appeal
Section 134: Due Amount to be recovered
Section 147: Prevailing law relating to companies not to apply
Section 16: Punishment to the Persons Creating Hindrance
Section 104: Organisation or Association may be declared problematic
Section 45: Directors may be removed from Office
Section 152: Complaint Hearing
Section 47: Dissolution of Board
Section 107: Inventory to be prepared
Section 68: Reserve Fund
Section 129: Complaint Regarding Loss or Damage
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