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 80: Banking and Financial System and Credit Control
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Section 68: Formulation of safety and health Policy
Section 137: Social Audits may cause to be conducted
Section 72: Records of Procurement Proceedings
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Section 50: Discount Rate and Rate of Interest for Refinance
Section 75: Repeal and Amendment
Section 7: Prohibition on discrimination in remuneration for equal work
Section 183: Repeal and saving
Section 108: Oath of Office
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Section 73: Delegation of Power
Preamble
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Section 90: Account System
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Section 52A: Provisions Relating to Advance Payment
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Section 92: Auditing
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Section 10: Formation of Federation of National Cooperatives
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Section 86E: The Reformative Measures and Power to be Used by the Bank or the Official Appointed by the Bank
Section 11: Prohibition on employment without entering into employment contract
Section 5: Function, Duties and Powers of the Bank
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Section 106B: Expert Service to be Provided
Preamble
Section 18A: Filing of Case
Section 110: To be borne from Assets of Organisation or Association
Section 105: Provisions relating to meetings of the Council
Section 167: Power of the Office to have execution of decisions
Section 14: Continuity of existence of the employment relationship despite change in ownership
Section 19: Proceedings may be initiated by detaining into the custody
Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 88M: Final Description of the Work Relating to Resolution to be Submitted
Section 108: Provisions After the Achievement of Improvement in Condition of the Insurer
Section 91: Annual Report
Section 4B: Payment for Sale of Goods or Provision of Services to a Foreigner
Section 8: Procurement Method to be Selected
Section 156: Establishment of Insurance Institutions
Section 113: Insurance Business May Be Transferred
Section 122: Offences deemed to be committed
Section 13: Functions Duties and Powers of the Chairperson
Section 138: Punishment may be remitted
Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal
Section 70: Cooperative Promotion Fund
Section 19: Remuneration and Other Benefits to the Directors
Section 157: Case may be compromised
Section 38: Functions, Duties and Powers of Annual General Meeting
Section 68: International Clearing and Payment Agreements
Section 60: Currency Recall or Withdrawal
Section 3B: Other Provisions Relating to Foreign Exchange Transactions
Section 17: Punishment
Section 135: Authority May Give Direction to Withold Payment of Insurance or Revoke the Insurance Policy
Section 65: Dealing in Foreign Exchanges
Section 14A: Not to carry out Dhukuti transactions
Section 119: Settlement of dispute through arbitration
Section 77: Contract to be made
Section 63: Management of Foreign Exchange
Section 88B: Provision Relating to the Formation of the Special Administration
Section 147: Compulsory retirement
Section 24: Objective of Organisation or Association
Section 164: Decision may be made by the Labour Court
Section 117: Liquidation of Insurance Company
Section 62: Conduct to Bidder or Proponent
Section 69: Duties of employer towards labour
Section 145: Retrenchment may be made
Section 93: Provisions relating to Office and inspectors
Section 101: Cooperative Savings and Credits Security Fund
Section 51: Monetary Unit
Section 53: Measurement, Weights and Size of Coins
Section 23: Constitution, Functions and Duties of Inquiry Committee
Section 21: Disqualification of the Directors
Section 99: Foreign Insurance Company shall inform to the Authority
Section 21: Provisions relating to social security
Section 27: Acting Governor
Section 61: Obligations of labour supplier
Section 106: Functions, duties and powers of Management Committee
Section 100: Annual Report to be submitted
Section 40: Computation of net profit and loss
Section 20: Validity Period of Bid
Section 150: Special provisions relating to regulation, monitoring and supervision
Section 17: Buyer’s Obligations
Section 164: The Government of Nepal may Issue Directives
Section 122: Arbitral award and collective agreement to be binding
Section 64: Insurance Premium
Section 51: Discontinue to hold the office of Director
Section 29: Granting License
Section 144: Punishment for those who oppose obstacles
Section 106: Notice of the Work
Section 1: Short title and commencement
Section 65: To make inspection, supervision and monitoring
Section 131: Operation and Management of Insurance in Province
Section 54: Variation Order
Section 12: Flow of Public Information
Section 27: Bylaws to be framed
Section 152: Repeal and Saving
Nepal Rastra Bank Act, 2058
Section 34: Termination of membership
Section 8: Formation of Central Sectoral Cooperative Association
Section 9B: Acts Not to be Done by the Exporter
Section 3: Formation of Organisation
Section 12: Not to Make Loss by Making Alteration in Account or Ledger or by Committing Forgery or Fraud
Section 3: To remain as minimum standards
Section 76: To stop work in the case of immediate danger
Section 6: Formation of the Board
Section 127: Remuneration for strike or lock-out period
Section 94: Delegation of Authority
Section 118: Terms and conditions of services of chairperson and members of Management Committee
Section 75: Micro Insurance is Required
Section 50: Disqualifications of Directors
Section 29: Consultancy Services May be Procured
Section 54: Functions of Cooperative Bank
Section 7: Duty of Persons Who Have Source to Obtain Foreign Exchange
Section 59: Technical or Management Service Agreement
Section 94: Powers, functions and duties of the Office
Section 78: Special provisions relating to occupational safety and health
Section 14B: Not to carry out banking transactions in an illegal manner
Section 41: Claim Payable Fund and Reserve Fund
Section 8: Right relating to trade union
Section 98: To Regulate, Inspect and Monitor
Section 138: Fineable
Section 10: Not to acquire assets or open account by borrower who has over dues
Section 5A: Approval to be Made
Section 56: Provision Concerning Extension of Contract Period
Section 59: Nepal Rastra Bank may take over Management
Section 156: Power to order payment of interest
Section 130: Observance of discipline and duties
Chapter-2 Establishment of Authority and Its Functions, Duties and Power
Section 14: Information to be provided to the Authority
Section 24: Non-Procession of Bids
Section 88E: Notice and Registration of the Work Relating to Resolution
Section 10: Goods or Services May be Returned
Section 86: Provisions relating to transport labours
Section 95: Acts Deemed to be Offences Under this Act
Section 5: Cost Estimate to be Prepared
Section 14: Application to be Submitted for Registration
Section 18: Method of Submission of Bids
Section 71: Duties of the responsible person
Section 106: Fixation of minimum remuneration
Section 22: Opening of Bids
Section 88C: Function, Duty and Power of Special Administration Team
Section 5: Registration Required
Section 2: Definitions
Section 7: Functions not to be Carried out by the Bank
Section 25: Government of Nepal to be the plaintiff
Section 117: To hold negotiations on collective claims, demands
Section 71: Evaluation Committee to be Formed
Section 20: Fund of the Insurance Authority
Section 39: Remuneration for reserve period
Section 32: Restriction on membership
Section 28: Internal Procedures may be framed
Section 36: Paid Up Capital of the Insurer
Section 153: Not to Make Insurance Transactions with Anyone Except Insurer
Section 180: This Act not to apply
Section 23: Foreign citizen to obtain work permit to work in Nepal
Section 42: Special Provision Relating to Ration Procurement
Section 43: Restriction on Distribution of Dividend
Section 83: Direction may be issued
Section 9: Procurement to be Made by Inviting Open Bid
Section 105: Official to be Suspended
Section 42: Substitute leave
Section 105: Trust Accounts
Section 29: Regulation may be framed
Section 112: Notice to be given for submission of liabilities
Section 11J: To Submit Report
Section 182: Powers to frame rules
Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 12: Pre-Qualification to be Determined
Section 148: Payment of benefits
Section 58: Books and Accounts
Section 82: Credits Recovery Tribunal
Section 140: Inter-government transactions may be carried out
Section 27: Remuneration, conditions of service, benefits of and other provisions relating to foreign labours
Section 82: Information to be Furnished to Bank
Section 79: To give information
Section 15: To be Registered
Section 95: Cancellation of License
Section 55: Accidental insurance to be made
Section 35: Facilities not to be entitled to
Section 38: Measures to Implement the Act
Section 114: Remedial Actions may be taken
Section75: Saving from action
Section 46: Not to be involved in the decision-making process having conflict of personal interest
Section 36: Employees of the Bank
Section 123: Settlement of Insurance Claim
Section 124: Right to lock-outs
Section 21: Claim or Complaint Not to Lie
Section 95: Powers, functions and duties of inspector
Section 64: Provisions Concerning Withdrawal of Amount and Operation of Accounts
Section 170: Fixation of basic remuneration
Section 74: Obtained Approval While Selling Assets
Section 5: Restriction on Export and Import of Certain Currency and Bullion
Section 22: Liabilities to be limited
Section 24: Resignation by Director
Section 99: Power of the Office to give direction
Section 18: Tenure of Office of the Director
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