Section 33: Can open a liaison office

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1) Any foreign insurer may open a liaison (contact) office in Nepal after obtaining prior approval from the Nepal Insurance Authority.

Provided that such liaison office shall not undertake insurance business.

2) Other arrangements regarding the liaison office of foreign insurance companies shall be as prescribed.

Tagged:
insurance act
nepal law

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Section 1: Short Title, Commencement, and Extension
Section 15: Continuity of existence of employment relationship during the period held in reserve
Section 78: Exemptions, Facilities and Discounts
Section 69: Secured Capital Redemption Fund
Section 86I: Right to Appeal Against the Order of the Bank
Section 37: Entitlement to festival expense
Section 122: Arbitral award and collective agreement to be binding
Section 93: Functions, duties and powers
Section 2: Definitions
Section 12A: Not to make any Fraudulent Activities to Bank and Financial Institutions and Cooperatives
Section 27: Acting Governor
Section 35: Evaluation of Financial Proposals
Section 172: Entitlement to remuneration and other benefits
Section 102: Filing Appeals
Section 42: Substitute leave
Section 157: Collection of Statistics
Section 60: Able to create a whistleblowing policy
Section 46: Not to be involved in the decision-making process having conflict of personal interest
Section 97: Special Provisions concerning Inspection and Monitoring of Organisation or Association carrying out transactions of savings and credits
Section 150: Insured Insurance Protections Fund
Section 120: Expert Service may be sought
Section 21: Disqualification of the Directors
Section 5: Function, Duties and Powers of the Bank
Section 86D: Effect of the Control of the Bank on any Commercial Bank or Financial Institution
Section 24: Objective of Organisation or Association
Section 20: Reward to be Provision of Information
Section 24: Work permit may be issued
Section 76: Incorporation of Insurance Company for Micro Business Only
Section 1: Short Title, Extension and Commencement
Section 28: To be governed as per the prevailing laws
Section 166: Decisions to be executed
Section 10A: Regulation of Investment Abroad
Section 61: Type of Insurance Business
Section 52: Contribution for provident fund
Section 71: Evaluation Committee to be Formed
Section 52: Meetings of Board of Directors
Section 151: Insurance Development Fund
Section 86B: Commercial Bank and Financial Institution Deemed to be Problematic
Section 40: Catastrophic Fund
Section 24: Non-Procession of Bids
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 107: Minimum remuneration fixation committee
Section 107: Inventory to be prepared
Section 39: Other Provision for Consultancy Services
Section 132: Statutory Limitation to file a complaint
Section 170: Fixation of basic remuneration
Section 121: Right to strike for settlement of collective disputes
Section 59: Nepal Rastra Bank may take over Management
Section 51: Leave not as a matter of right
Section 34: Termination of membership
Section 87: Establishment of Information Network
Section 27: Power to Refuse Prior Approval
Section 16: Punishment to the Persons Creating Hindrance
Schedule
Section 34: Deemed to Have Been Done by the Entrepreneur Himself
Section 48: Review Committee
Section 177: Labour coordination committee
Section 88: Establishment of Credit Information Centre
Section 2: Definitions
Public Procurement Act 2063
Section 23A: Standards to be Followed
Section 161: Appeal to the Supreme Court
Section 87: Special provisions relating to tourism labours
Section 74: Power to Make Rules
Section 86C: Bank to Take Action Against Problematic Commercial Bank or Financial Institution
Section 62: Foreign Exchange Policy
Section 11: Power to Demand Statements
Section 170: Implementing Guidelines and Procedures
Section 49: Loan and Refinance to Commercial Banks and Financial Institutions
Section 164: Decision may be made by the Labour Court
Section 70: Cooperative Promotion Fund
Section 88D: Power to be Automatically Suspended During the Period of Resolution
Section 11G: Prohibition on Divulgence of Secrecy
Section 21: Bid Security
Section 30: Criteria to be Followed
Section 80: Arrangements for control of infectious diseases to be made
Section 106: Actions not to be Invalid
Section 130: Insurance Mediation
Section 33: Grievance Management
Section 77: Direction to stop the work
Section 44: Sick leave
Section 147: Authority to Hear Case and Execution of The Decision
Section 57: Payment of Bill or Invoice
Section 34: Opening of Financial Proposal
Section 27: To be considered ineligible
Section 86: No hindrance to take actions
Section 66: Provision Concerning Procurement to be Made in Special Circumstances
Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal
Section 9: Tenure of Chairperson and Members
Section 85: Preference to be accorded
Section 4: Formation of District Sectoral Cooperative Association
Section 178: Transitional provisions
Section 14: Not to Carry Out and Cause to Carry Out Irregular Economic and Financial Transactions
Section 6: Prior Right of the Bank
Section 50: Transaction of Savings and Credits to be made concentrating on Member
Section 18B: Certification of Copy of Document Related to Foreign Exchange
Section 90: Work should not be done without a license
Section 19: Document to be Void
Preamble
Section 111: Guidelines to be Framed and Implemented
Section 59: Termination of Procurement Contract and Remedy Therefor
Section 9: Payment of Price of the Exported Goods
Section 42: Special Provision Relating to Ration Procurement
Section 168: Power to impose punishment in the event of non-execution of judgment, compromise or agreement
Section 16: Meeting of the Board
Section 9: Right to remedy
Section 92: Deemed to be unfair labour practice
Section 144: Encouragement may be given
Section 19: Withdrawal and Modification of Bid
Section 18: Working Area of Cooperative Organisation
Section 26: Rejection of Bids or Cancellation of Procurement Proceedings
Section 76: Appointment of an Auditor
Section 9: Relation between the Government of Nepal and the Bank
Section 159: To forward the matter to the body having jurisdiction
Section 26: Fulfilment of Vacant Office
Section 16: Permission of the Bank to be Obtained to Open an Account
Section 17: Provisions relating to labour to be applicable
Section 84: Preparation of Financial Statements
Section 20: Cooperation to be extended
Section 179: This Act to prevail
Section 8: Right relating to trade union
Section 32: Prohibition on Vested Personal Interest
Section 56: Management of Insurance Company
Section 14B: Not to carry out banking transactions in an illegal manner
Section 11C: Power to Stop and Search Motor Vehicle
Section 17: Buyer’s Obligations
Section 80: Banking and Financial System and Credit Control
Section 40: Directives may be given to call an Extraordinary General Meeting
Section 82: Provisions related to re-insurance contracts
Section 103: ………………….
Section 13: Bidding Documents to be Prepared
Section 147: Prevailing law relating to companies not to apply
Section 86: Provisions relating to transport labours
Section 8: Qualification and Disqualification of Chairperson and Member
Section 7: Not to avail or provide loans in an unauthorised manner
Section 93: Submission of Report to Government of Nepal
Section 163: Power of the Department or Office to decide
Section 61: Confidentiality to be maintained
Section 22: Audit
Preamble
Section 85: Special provisions relating to construction labours
Section 58: Functions, Duties and Power of Chief Executive
Section 131: Misconduct and punishment
Section 124: Right to lock-outs
Section 128: Nepal Rastra Bank may punish
Section 73: Bank may ask for Particulars, Statistics and Documents
Section 53: Measurement, Weights and Size of Coins
Section 79: To give information
Section 12: Flow of Public Information
Section 10B: Provisions Relating to Lending and Borrowing of Loans in Foreign Exchange
Section 14: Continuity of existence of the employment relationship despite change in ownership
Section 101: Insurer Deemed to be Problematic
Section 6: Formation of Provincial Sectoral Cooperative Association
Section 144: Notice to be given
Section 88G: Recommendation May be Made for Improving the Financial Condition of the Commercial Bank or Financial Institution
Section 71: Provisions concerning Other Funds
Section 5: Cost Estimate to be Prepared
Section 20: Fund of the Insurance Authority
Section 22: Restriction on employment of foreigners
Section 72: Duties of manufacturers, importers and suppliers
Section 100: Annual Report to be submitted
Section 105A: State Government may constitute a State Labour Advisory Council
Section 48: Discount Operation
Section 75: Micro Insurance is Required
Section 180: This Act not to apply
Section 96: Obligations of inspector or employee
Section 32: Restriction on membership
Section 6A: Preparation of Exiting List
Section 23: Constitution, Functions and Duties of Inquiry Committee
Section 62: Conduct to Bidder or Proponent
Section 22: Opening of Bids
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