Section 21: Accounting of Income and Expenditure

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1) The Authority shall maintain its accounting details, books of accounts and financial statements so as to truly reflect its financial position, as per prevailing Nepal Accounting Standards.

2) The authority shall maintain an internal control system as prescribed for the operation of its activities.

Tagged:
insurance act
nepal law

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Section 35: Facilities not to be entitled to
Section 91: To observe fair labour practice
Section 155: Insurance Information Centre
Section 68: Formulation of safety and health Policy
Section 79: Regulatory Powers of the Bank
Section 63: Insurance Policy
Section 6: Disclosure of Details
Section 135: Special Provisions concerning operation of Association
Section 55: Delegation of Powers
Section 86: Provisions relating to transport labours
Section 39: Other Provision for Consultancy Services
Section 57: Prohibition of Purchase of Goods with Commercial Objectives
Section 63: Blocklisting and Exclusion from the Blocklist
Section 142: Contract not to be concluded
Section 137: Revocation (Cancellation) of License of the Insurer
Section 22: Provisions relating to Delivery of Notice
Section 73: Delegation of Power
Section 12: Not to Make Loss by Making Alteration in Account or Ledger or by Committing Forgery or Fraud
Section 76: Appointment of an Auditor
Section 71: Evaluation Committee to be Formed
Section 11G: Prohibition on Divulgence of Secrecy
Section 14: Invitation to Bids
Section 106B: Expert Service to be Provided
Section 78: Claim of Micro-Insurance
Section 122: Offences deemed to be committed
Section 88E: Notice and Registration of the Work Relating to Resolution
Section 149: Labours to get first priority
Section 13: Operation of Accounts
Section 15: International Level Bidding
Preamble
Section 146: Government of Nepal to be Plaintiff
Section 106: Functions, duties and powers of Management Committee
Section 105A: State Government may constitute a State Labour Advisory Council
Section 75: Micro Insurance is Required
Section 19: Document to be Void
Section 107: Minimum remuneration fixation committee
Section 3: Procurement to be Made as Per This Act
Section 61: Type of Insurance Business
Section 98: Bank to Provide Information
Section 20: Cooperation to be extended
Section 58: Provisions Relating to Currency Inventory and Issuance of Currency
Section 77: Direction to stop the work
Section 60: Submission of details by licensee
Section 53: Functions, Duties and Powers of the Board
Section 72: Records to be maintained
Section 11I: To Give Receipt
Section 68: International Clearing and Payment Agreements
Section 24: Issuance of order for creating encumbrances over the assets of a foreign individual
Section 57: Social security scheme to be applicable
Section 69: Procurement Transaction May be Carried Out Through Electronic Communications Means
Section 17: Provisions relating to labour to be applicable
Section 42: Assets to be maintained more than liabilities
Section 141: Punishment
Section 178: Transitional provisions
Section 18: Government to be the plaintiff
Section 29: Amendment to Bylaws and Internal Procedures
Section 152: Repeal and Saving
Section 100: Labour audit to be made
Section 35: Payment of remuneration
Section 62: Insurance Contract
Section 91: License to Insurance Mediators
Section 17: Deadline for Submission of Bids or Pre-Qualification Proposals
Section 80: Banking and Financial System and Credit Control
Section 118: Settlement through mediation
Section 32: Restriction on membership
Section 21: Transaction, Business, Industries, or Project may be operated
Section 141: Employment may be terminated voluntarily
Section 163: International Aid and Relation
Section 90: Account System
Section 19: Withdrawal and Modification of Bid
Section 27: Remuneration, conditions of service, benefits of and other provisions relating to foreign labours
Section 27: Acting Governor
Section 20: Fund of the Insurance Authority
Section 100: Annual Report to be submitted
Section 88K: Actions Prior to the Commencement of the Action Relating to Resolution to be Inactive
Section 145: Limitation for Complaint
Section 90: Work should not be done without a license
Section 9: Not to misuse banking resources, means and assets
Section 6: Prior Right of the Bank
Section 88C: Function, Duty and Power of Special Administration Team
Section 124: Right to lock-outs
Section 102: Formation of Central Labour Advisory Council
Section 138: Punishment may be remitted
Section 88N: Exchange of Reciprocal Assistance
Section 30: Criteria to be Followed
Section 92: Auditing
Schedule
Section 123: Saving of actions taken in good faith
Section 37: Negotiations with the Proponent
Section 37: Functions, Duties and Powers of Preliminary General Meeting
Section 106: Fixation of minimum remuneration
Section 9: Procurement to be Made by Inviting Open Bid
Section 59: Nepal Rastra Bank may take over Management
Section 9A: To Receive Payment of Value of Exported Goods
Section 24: Non-Procession of Bids
Section 14: Continuity of existence of the employment relationship despite change in ownership
Section 152: Complaint Hearing
Section 47: Application May be Filed Before the Chief of Public Entity
Section 38: Confidentiality
Section 136: Authority imposing punishment
Section 74: Power to Make Rules
Section 132: Statutory Limitation to file a complaint
Section 88B: Provision Relating to the Formation of the Special Administration
Section 44: Allotment of Shares
Section 116: Collective claim may be submitted
Section 28: To be governed as per the prevailing laws
Section 9C: Restriction on Making or Receiving Payment
Section 81: Re-Insurance Business
Section 2: Definitions
Section 81: Credit to Prescribed Sectors
Section 9B: Acts Not to be Done by the Exporter
Section 59: Account of Issued Currency
Section 167: Power of the Office to have execution of decisions
Section 160: Procedures of the cases
Section 68: Reserve Fund
Section 128: Nepal Rastra Bank may punish
Section 22: Grounds for Removal of the Directors from Office
Section 162: Right to make complaint
Section 162: Coordinate with Public Bodies
Section 34: Opening of Financial Proposal
Section 14: Obligations of the Intermediary Practitioner
Section 128: Prohibition on filing of case against loss
Section 48: Discount Operation
Section 161: Contact with the Government of Nepal
Section 87: Audit of Insurer
Section 100: Regulation Fee
Section 81: To engage in easier work
Section 167: Pursuant to this Act
Section 26: Summary Procedure to be Adopted
Section 35: Function, Duties and Powers of the Audit Committee
Section 151: Formation of Labour Court
Section 148: Request for Details
Section 51: Procurement Proceeding to be Withheld
Section 109: Authority may be delegated
Section 5: Restriction on Export and Import of Certain Currency and Bullion
Section 3: Establishment of the Bank
Section 74: Obtained Approval While Selling Assets
Section 79: Micro-Insurance Regulation Fees
Section 41: Public leave
Section 6A: Preparation of Exiting List
Section 66: Provision Concerning Procurement to be Made in Special Circumstances
Section 94: Report on Monetary Policy
Section 70: Duties of employer towards non-labour
Section 62: Conduct to Bidder or Proponent
Section 23: Repeal
Section 31: Soliciting Proposals
Section 49: Qualifications of Directors
Section 124: Payment of Re-insurance Claim
Section 138: Fineable
Section 97: Government of Nepal to be Plaintiff
Section 177: Labour coordination committee
Section 110: Recommendation for Improving Financial Condition of the Insurer
Section 31: Pursuant to the Consumer Protection Act
Section 117: Report to be submitted
Section 1: Short title and commencement
Article 144: Jurisdiction of the High Court
Section 4: Description of Goods, Construction Works and Services to be Prepared
Section 52: Procurement Contract and Terms and Conditions Thereof
Section 125: Settlement of Small Amount Claim
Section 124: Punishment
Section 67: Procurement process under this Act not to be applied
Section 20: Classification may be made on Sectoral Basis
Section 11B: To Search for Suspicious Person
Section 165: Provide Expert Services
Section 96: Obligations of inspector or employee
Section 12: Formation of Cooperative Bank
Section 75: Repeal and Amendment
Section 7: Functions not to be Carried out by the Bank
Section 64: Obligations of the main employer
Section 73: Investment in Subsidiary Company
Section 26: Fulfilment of Vacant Office
Section 16: Meeting of the Board
Section 114: Insurer May Merge or be Amalgamated
Section 88: Right to give order with respect to Audit of Insurer
Section 82: Information to be Furnished to Bank
Section 97: To render necessary assistance
Section 88F: New Balance Sheet to be Prepared
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Section 21: Accounting of Income and Expenditure

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