Section 48: Term of Office of the Director

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A director’s term of office is a maximum of four years, and such person may also be re-nominated or reappointed.

Provided that the independent director may be appointed for only a single tenure of office.

Tagged:
insurance act
nepal law

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Section 47: Dissolution of Board
Section 117: Liquidation of Insurance Company
Section 53: To receive gratuity
Section 39: Remuneration for reserve period
Section 2: Definitions
Section 9: Relation between the Government of Nepal and the Bank
Section 16: Punishment to the Persons Creating Hindrance
Section 63: Payment of remuneration and other benefits
Section 58: Labours may be employed through supplier
Section 68: Possession of Property Prohibited
Section 157: Case may be compromised
Section 37: May order capital reduction
Section 61A: Departmental Action to be Taken
Section 15: Power of the Government of Nepal to Give Directives
Section 115: The Authority may give directions to merge or to be amalgamated
Section 27: Acting Governor
Section 7: Functions not to be Carried out by the Bank
Section 145: Limitation for Complaint
Section 28: To be governed as per the prevailing laws
Section 89: Recommending Action
Section 119: Settlement of dispute through arbitration
Section 45: Directors may be removed from Office
Section 8: Electronic Commerce Payments
Section 59: Account of Issued Currency
Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal
Section 16: Trainees may be engaged in work
Section 145: Departmental actions may be taken
Section 155: Insurance Information Centre
Section 182: Powers to frame rules
Section 96: Penalty and Punishment
Section 44: Monetary Policy
Section 19: Proceedings may be initiated by detaining into the custody
Section 136: Exercise of Voting Right
Section 66: Foreign Exchange Reserve
Section 91: License to Insurance Mediators
Section 18B: Certification of Copy of Document Related to Foreign Exchange
Section 9A: To Receive Payment of Value of Exported Goods
Section 21: Claim or Complaint Not to Lie
Section 57: Prohibition of Purchase of Goods with Commercial Objectives
Section 121: Priorities on the Payment of Liabilities in Case of Liquidation of the Insurance company
Section 53: Amendment to Procurement Contract
Section 161: Contact with the Government of Nepal
Section 1: Short title and commencement
Section 11: Not to stop credit facility in the way to loss working project of borrower
Section 126: Apparent loss or damage
Section 116: Insurer Many Acquire Another Insurer
Section 8: Privileges and Facilities to the Bank
Section 26: Summary Procedure to be Adopted
Foreign Exchange (Regulation) Act 2019
Section 106: Actions not to be Invalid
Section 46: Not to be involved in the decision-making process having conflict of personal interest
Section 21: Provisions relating to social security
Section 84: To be sent for freezing
Section 5: Formation of District Cooperative Association
Section 67A: Procurement Proceedings Should Not Be Obstructed
Section 16: Meeting of the Board
Section 38: Measures to Implement the Act
Section 176: Special powers of the Ministry
Section 49: Application May be Filed Before the Review Committee
Section 34: Opening of Financial Proposal
Section 46: Compulsory Deposit of Commercial Banks and Financial Institutions
Section 32: Prohibition on Vested Personal Interest
Section 67: Find of a Cooperative Organisation
Section 59: License to be obtained
Section 151: Insurance Development Fund
Section 52: Contribution for provident fund
Section 108: Provisions concerning Payment of Liabilities
Section 107: Inventory to be prepared
Section 183: Repeal and saving
Section 61: Reproduction and Counterfeiting of Currency
Section 138: Cooperative Education
Section 62: Insurance Contract
Preamble
Section 31: Application to be submitted to acquire membership
Preamble
Section 10C: Provisions Relating to Repatriation, Investment of, and Transfer of Right in Foreign Exchange
Section 11: No Association may be Formed
Section 24: Investigation and Filing of Cases
Section 77: Direction to stop the work
Section 54: Committee or sub-committee may be formed
Section 66: Security of Government of Nepal may be obtained
Section 41: Board of Directors
Section 144: Notice to be given
Section 9: Procurement to be Made by Inviting Open Bid
Section 112: Final Report to be Submitted
Section 32: Opening of proposals
Section 83: Accounts to be maintained accurately
Section 15: To be Registered
Section 97: Prohibition to act
Section 158: High Court to perform functions of Labour Court
Section 1: Short Title, Extension and Commencement
Section 14A: Not to carry out Dhukuti transactions
Section 87: Special provisions relating to tourism labours
Section 40: Catastrophic Fund
Section 88A: Power of the Bank to Carry Out Work of Resolution
Section 93: Provisions relating to Office and inspectors
Section 52: Limit of Personal Saving
Section 56: Management of Insurance Company
Section 31: Pursuant to the Consumer Protection Act
Section 50: Computation of year
Section 29: Coordination Required
Section 33: Evaluation of Technical Proposal
Section 97: To render necessary assistance
Section 143: Special Provision Related with The Insured
Section 11A: Designation of Investigating Officer
Section 77: Ineligibility for Appointing Auditor
Section 60: Submission of details by licensee
Section 131: Operation and Management of Insurance in Province
Section 70: Cooperative Promotion Fund
Section 61: Confidentiality to be maintained
Section 93: Functions, duties and powers
Section 11: Process and Stage of Bidding
Section 51: Monetary Unit
Section 12: Personal Information Must be Kept Confidential
Section 3: Establishment of the Authority
Section 35: Function, Duties and Powers of the Audit Committee
Section 86F: Power of the Bank for Corrective Action
Section 16: Clarification as to Unclear Matter on Bidding or Pre-Qualification Documents
Section 26: Fulfilment of Vacant Office
Section 54: Functions of Cooperative Bank
Section 49: Functions, duties and powers of Accounts Supervision Committee
Section 84: Provisions relating to tea-estate labours
Section 73: Investment in Subsidiary Company
Section 8: Formation of Central Sectoral Cooperative Association
Section 101: Insurer Deemed to be Problematic
Section 56: No Distribution of Dividend
Section 88D: Power to be Automatically Suspended During the Period of Resolution
Section 107: Minimum remuneration fixation committee
Section 59: Technical or Management Service Agreement
Section 11J: To Submit Report
Section 29: Not to compel to work overtime
Section 14: Information to be provided to the Authority
Section 55: Prohibition on Disbursing Credit
Section 137: Period for taking decision
Section 156: Establishment of Insurance Institutions
Section 104: Office of member of the Council to be vacant
Section 22: Power to Frame Rules
Section 71: Duties of the responsible person
Section 39: Capital of the Bank
Section 36: No Impediment to Prosecuting Cases in Accordance with Prevailing Law
Section 11G: Prohibition on Divulgence of Secrecy
Section 102: Formation of Central Labour Advisory Council
Section 162: Right to make complaint
Section 77: Restriction on Rate of Interest
Section 169: Procedure relating to service of notice
Section 162: Coordinate with Public Bodies
Section 133: Annual Report Submit
Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 14: Not to Carry Out and Cause to Carry Out Irregular Economic and Financial Transactions
Section 9: Transfer of Goods or Services
Section 68: Formulation of safety and health Policy
Section 117: To hold negotiations on collective claims, demands
Section 27: Acceptance of Bid and Procurement Contract
Section 74: Obtained Approval While Selling Assets
Section 115: Management Committee may write to take action
Section 25: Adjudication proceedings and disposal of the case not be affected
Section 150: Special provisions relating to regulation, monitoring and supervision
Section 17: Deadline for Submission of Bids or Pre-Qualification Proposals
Section 2: Definitions
Section 139: Procedures of Taking Actions
Section 135: Special Provisions concerning operation of Association
Section 104: Collection of Data
Section 112: Performance evaluation of labours by enterprise
Section 61: Obligations of labour supplier
Section 95: Acts Deemed to be Offences Under this Act
Schedule
Section 50: Method of Review
Section 153: Powers of Labour Court
Section 80: Provisions concerning Blacklist
Section 151: Standards, Directives or Procedures may be framed and submit
Section 25: Evaluation of Bids
Section 87: Audit of Insurer
Section 167: Pursuant to this Act
Section 25: Language of the contract
Section 40: Directives may be given to call an Extraordinary General Meeting
Section 39: Compulsory Reserve Fund
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Section 48: Term of Office of the Director

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