Section 40: Catastrophic Fund

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1) Every insurer shall maintain a catastrophic fund for any losses that may be incurred due to catastrophes that may occur in future.

2) Other arrangements related to the catastrophic fund shall be as determined by the Authority.

Tagged:
insurance act
nepal law

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Section 3B: Other Provisions Relating to Foreign Exchange Transactions
Section 149: No Obstruction for Punishment
Section 110: Recommendation for Improving Financial Condition of the Insurer
Section 79: Micro-Insurance Regulation Fees
Section 64: Provisions Concerning Withdrawal of Amount and Operation of Accounts
Section 70: Cooperative Promotion Fund
Section 66: Provision Concerning Procurement to be Made in Special Circumstances
Section 83: Direction may be issued
Section 69: Duties of employer towards labour
Section 168: Power to impose punishment in the event of non-execution of judgment, compromise or agreement
Section 163: Power of the Department or Office to decide
Section 50: Computation of year
Nepal Rastra Bank Act, 2058
Section 41: Claim Payable Fund and Reserve Fund
Preamble
Section 101: Cooperative Savings and Credits Security Fund
Section 136: Exercise of Voting Right
Section 23: Notice to be published
Section 166: Issue Orders and Directives
Section 88C: Function, Duty and Power of Special Administration Team
Section 54: Variation Order
Section 27: Acting Governor
Section 23A: Standards to be Followed
Section 47: Application May be Filed Before the Chief of Public Entity
Section 7: Not to avail or provide loans in an unauthorised manner
Section 11E: Power to Arrest
Section 52: Meetings of Board of Directors
Section 17: Appointment of the Directors
Section 27: Power to Refuse Prior Approval
Section 3: License to be Obtained to Carry on Foreign Exchange Transaction
Section 29: Functions, Duties and Powers of the Board
Section 57: Prohibition of Purchase of Goods with Commercial Objectives
Section 4A: Provisions Relating to Foreign Exchange Obtained by Citizens of Nepal
Section 28: Working hours
Section 88: Provisions relating to domestic labours
Section 182: Powers to frame rules
Section 48: Term of Office of the Director
Section 54: Medical insurance to be made
Section 55: Issuance of Currency and Security
Section 40: Weekly leave
Section 1: Short Title and Commencement
Preamble
Section 29: Granting License
Section 102: Filing Appeals
Section 19A: Special investigation team may be formed
Section 32: Fixation of working hours
Section 154: Proceeding against contempt of court
Section 103: Functions, duties and powers of the Council
Section 134: Due Amount to be recovered
Section 145: Retrenchment may be made
Section 1: Short title and commencement
Section 4: Objectives of the Bank
Section 74: Consultation on the Matter of Law Reform
Section 161: Contact with the Government of Nepal
Section 105: Trust Accounts
Section 43: Provision Relating to Renting House and Land and Obtaining Service on Contract
Section 28: Two-Stage Bidding
Section 46: Birth registration certificate to be submitted
Section 170: Fixation of basic remuneration
Section 78: Special provisions relating to occupational safety and health
Section 111: Guidelines to be Framed and Implemented
Section 125: Picketing or assembly may be made
Section 106: Fixation of minimum remuneration
Section 87: Audit of Insurer
Section 59: Termination of Procurement Contract and Remedy Therefor
Section 14A: Not to carry out Dhukuti transactions
Section 121: Provisions concerning Employees of Management Committee
Section 8: Qualification and Disqualification of Chairperson and Member
Section 8: Not to misuse credit
Section 10: Qualification of Bidder or Proponent
Section 10B: Provisions Relating to Lending and Borrowing of Loans in Foreign Exchange
Section 24: Existing Licenses
Section 115: Decision to be made by the Office
Section 85: Audit Committee of Insurer
Place and date of commencement of the remaining Sections of the Foreign Exchange (Regulation) Act, 2019
Section 135: Authority May Give Direction to Withold Payment of Insurance or Revoke the Insurance Policy
Section 98: Report to be submitted
Section 49: Application May be Filed Before the Review Committee
Section 9A: To Receive Payment of Value of Exported Goods
Section 177: Labour coordination committee
Section 26: Waiver in the Claim of Punishment may be Happen
Section 1: Short title and commencement
Section 78: Claim of Micro-Insurance
Section 59: Account of Issued Currency
Section 88O: Application for Liquidation May be Made
Section 8: Electronic Commerce Payments
Section 126: To freeze transactions, accounts and assets
Section 4: Description of Goods, Construction Works and Services to be Prepared
Section 3: Establishment of the Bank
Section 33: Grievance Management
Section 130: Observance of discipline and duties
Section 84: Preparation of Financial Statements
Section 86A: Commercial Banks and Financial Institutions to Provide Information to the Bank
Section 115: Management Committee may write to take action
Section 19: Document to be Void
Section 88F: New Balance Sheet to be Prepared
Section 95: Acts Deemed to be Offences Under this Act
Section 9: Not to misuse banking resources, means and assets
Section 139: Security of employment
Section 23: Values, norms and principles of cooperative to be complied with
Section 72: Records to be maintained
Section 99: Fine for Violation of the Bank’s Regulation
Section 51: Discontinue to hold the office of Director
Section 107: Inventory to be prepared
Electronic Commerce (E-Commerce) Act 2081
Section 14: Application to be Submitted for Registration
Section 60: Currency Recall or Withdrawal
Section 11: Power to Demand Statements
Section 20: No Exemption from Liability
Section 68: International Clearing and Payment Agreements
Section 103: Stabilisation Fund
Section 157: Case may be compromised
Section 165: Provide Expert Services
Section 89: Fiscal Year
Section 1: Short Title, Extension and Commencement
Section 148: No Hindrance to take actions according to prevailing laws
Section 40: Directives may be given to call an Extraordinary General Meeting
Section 137: Revocation (Cancellation) of License of the Insurer
Section 14: Invitation to Bids
Section 117: To hold negotiations on collective claims, demands
Section 114: Remedial Actions may be taken
Section 18: Method of Submission of Bids
Section 61: Obligations of labour supplier
Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal
Section 21: Disqualification of the Directors
Section 63: Payment of remuneration and other benefits
Section 164: The Government of Nepal may Issue Directives
Section 82: Credits Recovery Tribunal
Section 61: Reproduction and Counterfeiting of Currency
Section 10: Not to acquire assets or open account by borrower who has over dues
Section 99: Foreign Insurance Company shall inform to the Authority
Section 63: Blocklisting and Exclusion from the Blocklist
Section 82: Special provisions relating to treatment of occupational disease
Section 124: Punishment
Section 56: No Distribution of Dividend
Section 19: Withdrawal and Modification of Bid
Section 33: Arrangement for transportation to be made
Section 89: Provisions relating to seasonal enterprises
Section 70: Duties of employer towards non-labour
Bonus Act 2030
Section 42: Special Provision Relating to Ration Procurement
Section 102: Formation of Central Labour Advisory Council
Section 80: Banking and Financial System and Credit Control
Section 14: Continuity of existence of the employment relationship despite change in ownership
Section 45: Directors may be removed from Office
Section 10A: Regulation of Investment Abroad
Section 175: Saving of acts done in good faith
Section 152: Repeal and Saving
Section 43: Functions, duties and powers of Board
Section 98: Ministry to conduct Inspection and Monitoring
Section 32: Opening of proposals
Section 49: Accumulation of leave
Section 20: Validity Period of Bid
Section 4: Establishment of An Electronic Platform
Section 20: Not to restrain from working elsewhere
Section 90: Account System
Section 76: Incorporation of Insurance Company for Micro Business Only
Section 18B: Certification of Copy of Document Related to Foreign Exchange
Section 13: Bidding Documents to be Prepared
Preamble
Section 37: Professional Code of Conduct and Official Responsibility
Section 8: Procurement Method to be Selected
Section 36: General Meeting
Section 38: Functions, Duties and Powers of Annual General Meeting
Section 14: Not to Carry Out and Cause to Carry Out Irregular Economic and Financial Transactions
Section 162: Right to make complaint
Section 12: Pre-Qualification to be Determined
Section 159: Submission of Report to Government of Nepal
Section 14: Formation of the Board
Section 41: Provision for Direct Procurement
Section 28: Right to File a Complaint
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