Section 3: Establishment of the Authority

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1) Nepal Insurance Authority has been established to act as a regulatory body for the insurance business.

2) The central office of the authority shall be situated in Kathmandu Valley, and the authority may, as required, open its branch or contact office within or outside Nepal.

Tagged:
insurance act
nepal law

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Section 105: Formation of Management Committee
Section 13: Functions Duties and Powers of the Chairperson
Section 70: Duties of employer towards non-labour
Section 51: Procurement Proceeding to be Withheld
Section 67: Restrictions on undertaking business in partnership or acquire assets in ownership
Section 88H: Bridge Institution or Unit May be Established
Section 56: No Distribution of Dividend
Section 55: Delegation of Powers
Section 109: This Act to be Applicable
Section 115: Management Committee may write to take action
Section 94: Report on Monetary Policy
Section 9: Not to misuse banking resources, means and assets
Section 142: Employment may be terminated on the ground of incompetence
Section 11E: Power to Arrest
Section 92: Deemed to be unfair labour practice
Section 41: Board of Directors
Section 57: Payment of Bill or Invoice
Section 36: Entitlement to annual increment in remuneration (grade)
Section 13: Prohibition on Entering into Contract in Contravention of the Objective of This Act
Section 136: Authority imposing punishment
Section 146: Recovery to be made as government due
Section 6A: Preparation of Exiting List
Section 3B: Other Provisions Relating to Foreign Exchange Transactions
Section 8: Duty of Importers
Section 28: Internal Procedures may be framed
Section 66: Provision Concerning Procurement to be Made in Special Circumstances
Nepal Rastra Bank Act, 2058
Section 112: Notice to be given for submission of liabilities
Section 25: Adjudication proceedings and disposal of the case not be affected
Section 76: Appointment of an Auditor
Section 158: High Court to perform functions of Labour Court
Section 72: Records to be maintained
Section 86A: Commercial Banks and Financial Institutions to Provide Information to the Bank
Section 62: Insurance Contract
Section 138: Fineable
Section 114: Remedial Actions may be taken
Section 32: Prohibition on Vested Personal Interest
Section 100: Annual Report to be submitted
Section 44: Construction Works May be Caused to be Carried Out by the Users Committee or Beneficiary Community
Section 134: Due Amount to be recovered
Section 42: Special Provision Relating to Ration Procurement
Section 61: Reproduction and Counterfeiting of Currency
Section 12: Not to Make Loss by Making Alteration in Account or Ledger or by Committing Forgery or Fraud
Section 125: Settlement of Small Amount Claim
Section 91: Annual Report
Section 97: Government of Nepal to be Plaintiff
Section 52A: Provisions Relating to Advance Payment
Section 49: Accumulation of leave
Section 82: Information to be Furnished to Bank
Section 104: Functions, Duties and Powers of Special Administration Team
Section 30: Functions, Duties and Powers of the Governor
Section 61A: Departmental Action to be Taken
Section 101: Making application in convenient Office
Section 86: No hindrance to take actions
Section 88C: Function, Duty and Power of Special Administration Team
Article 144: Jurisdiction of the High Court
Section 77: Ineligibility for Appointing Auditor
Section 119: Settlement of dispute through arbitration
Section 14: Application to be Submitted for Registration
Section 7: Deemed to be a Contract
Section 23: Punishment
Section 21: Claim or Complaint Not to Lie
Section 20: Fund of the Insurance Authority
Section 44: Allotment of Shares
Section 11: Process and Stage of Bidding
Section 148: Payment of benefits
Section 17: Buyer’s Obligations
Section 107: Preparation of New Financial Statements
Section 63: Management of Foreign Exchange
Section 88G: Recommendation May be Made for Improving the Financial Condition of the Commercial Bank or Financial Institution
Section 106: Actions not to be Invalid
Section 25: Government of Nepal to be the plaintiff
Section 14B: Not to carry out banking transactions in an illegal manner
Section 62: Foreign Exchange Policy
Section 35: Payment of remuneration
Section 31: Delegation of powers
Section 39: Capital of the Bank
Section 136: Suspension of License or Ban of Insurance Business
Section 21: Disqualification of the Directors
Section 39: Other Provision for Consultancy Services
Section 48: Review Committee
Section 108: Oath of Office
Preamble
Section 57: Appointment of the Executive Director
Section 121: Right to strike for settlement of collective disputes
Section 61: Type of Insurance Business
Section 65: Loans or Grants may be obtained
Section 24: Investigation and Filing of Cases
Section 137: Revocation (Cancellation) of License of the Insurer
Section 15: Non-abuse of regulatory opportunity
Section 110: To be borne from Assets of Organisation or Association
Section 5: Function, Duties and Powers of the Bank
Section 18: Inquiry and Institution of Case
Section 77: Contract to be made
Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 98: To Regulate, Inspect and Monitor
Section 111: Authority to be suspended ipso facto
Section 86G: Can be Subject of Resolution
Section 112: Repeal and Saving
Section 172: Entitlement to remuneration and other benefits
Section 108: Internal management may be made
Section 10: Qualification of Bidder or Proponent
Section 2: Definitions
Section 28: Two-Stage Bidding
Section 36: Employees of the Bank
Section 43: Home leave
Section 86I: Right to Appeal Against the Order of the Bank
Section 26: Waiver in the Claim of Punishment may be Happen
Section 11D: Power to Search Building or Place of Transaction
Section 88M: Final Description of the Work Relating to Resolution to be Submitted
Section 59: Nepal Rastra Bank may take over Management
Chapter-2 Establishment of Authority and Its Functions, Duties and Power
Section 2: Definitions
Section 11C: Power to Stop and Search Motor Vehicle
Section 16: Trainees may be engaged in work
Section 88E: Notice and Registration of the Work Relating to Resolution
Section 67: Find of a Cooperative Organisation
Section 10B: Provisions Relating to Lending and Borrowing of Loans in Foreign Exchange
Section 38: Prohibition on deduction of remuneration
Section 7: Duty of Persons Who Have Source to Obtain Foreign Exchange
Section 73: Delegation of Power
Section 102: Mutual Security Services may be conducted
Section 40: Directives may be given to call an Extraordinary General Meeting
Section 9: Formation of Specialised Cooperative Association
Section 60: De-registration
Section 27: Bylaws to be framed
Section 141: Punishment
Section 32: Power to Give Directions
Section 6: Power of Government of Nepal to Obtain Foreign Exchange
Section 104: Collection of Data
Section 160: Procedures of the cases
Section 73: Details to be made available
Section 12: Formation of Cooperative Bank
Section 47: Dissolution of Board
Section 146: Government of Nepal to be Plaintiff
Section 126: To freeze transactions, accounts and assets
Section 76: Saving
Section 143: Employment may be terminated on the ground of health
Section 39: Meeting General Meeting
Section 165: Appeal
Section 1: Short title and commencement
Section 49: Application May be Filed Before the Review Committee
Section 46: Compulsory Deposit of Commercial Banks and Financial Institutions
Section 85: Audit Committee of Insurer
Section 52: Power to Issue Banknotes and Coins
Section 113: Insurance Business May Be Transferred
Section 8: Procurement Method to be Selected
Section 27: Monitoring and Inspection of Electronic Commerce
Section 61: Confidentiality to be maintained
Section 9C: Restriction on Making or Receiving Payment
Section 57: Social security scheme to be applicable
Section 103: Special Administration/Management Team
Section 35: Evaluation of Financial Proposals
Section 65: Group Insurance Fund
Section 66: Liability of labours to rest on the main employer
Section 21 Deemed to Have Committed an Offense
Section 92: Qualifications of Insurance Mediators
Section 171: Act Implementation Measurement
Section 64: Obligations of the main employer
Section 2: Definitions
Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 15: Continuity of existence of employment relationship during the period held in reserve
Section 8: Privileges and Facilities to the Bank
Section 166: Issue Orders and Directives
Section 35: Function, Duties and Powers of the Audit Committee
Section 149: Labours to get first priority
Section 148: Request for Details
Section 8: Qualification and Disqualification of Chairperson and Member
Section 54: Variation Order
Section 110: To be deputed as representative
Section 53: Measurement, Weights and Size of Coins
Section 177: Labour coordination committee
Section 27: Power to Refuse Prior Approval
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