Section 55: Delegation of Powers

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The board may delegate some of its powers by disclosing the purpose and reasons to any director, a subcommittee formed pursuant to Section 54, the chief executive, or any person acting as the chief executive of the insurance company, on the condition that such power shall be exercised under its supervision or direction.

Provided that management rights shall not be delegated to the board of directors.

Tagged:
insurance act
nepal law

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Preamble
Section 86D: Effect of the Control of the Bank on any Commercial Bank or Financial Institution
Section 67A: Procurement Proceedings Should Not Be Obstructed
Section 159: Submission of Report to Government of Nepal
Section 11: Export and Import May be Carried Out
Section 47: Dissolution of Board
Section 21: Transaction, Business, Industries, or Project may be operated
Section 146: Resumption of operation
Section 154: Formation of Expert Groups
Section 56: Provision Concerning Extension of Contract Period
Section 16: Clarification as to Unclear Matter on Bidding or Pre-Qualification Documents
Section 54: Variation Order
Section 32: Power to Give Directions
Section 101: Cooperative Savings and Credits Security Fund
Section 28: Internal Procedures may be framed
Section 107: No Responsibility for Acts Done in Good Faith
Section 61: Conduct of the Official Involved in Public Procurement Proceedings
Section 60: Submission of details by licensee
Section 71: Duties of the responsible person
Section 88B: Provision Relating to the Formation of the Special Administration
Section 74: Power to Make Rules
Section 128: Complaint Relating to Payment of Claim
Section 117: To hold negotiations on collective claims, demands
Section 39: Capital of the Bank
Section 74: Obtained Approval While Selling Assets
Section 55: Accidental insurance to be made
Section 45: Prospectus and Issue of Shares
Section 140: Offence
Section 15: To be Registered
Section 10: Qualification of Bidder or Proponent
Section 68: Possession of Property Prohibited
Section 67: Procurement process under this Act not to be applied
Section 149: Labours to get first priority
Section 144: Notice to be given
Section 5: Registration Required
Section 13: Bidding Documents to be Prepared
Section 6: Formation of Provincial Sectoral Cooperative Association
Foreign Exchange (Regulation) Act 2019
Section 172: Repeal and Saving
Section 50: Computation of year
Section 7: Prohibition on discrimination in remuneration for equal work
Section 85: Preference to be accorded
Section 131: Operation and Management of Insurance in Province
Section 31: Additional remuneration to be paid
Section 66: Insurance Not to Be Done
Section 50: Transaction of Savings and Credits to be made concentrating on Member
Section 10: Not to acquire assets or open account by borrower who has over dues
Section 1: Short title and commencement
Section 55: Price Adjustment in Procurement Contract
Section 182: Powers to frame rules
Section 20: Fund of the Insurance Authority
Section 21: Disqualification of the Directors
Section 88N: Exchange of Reciprocal Assistance
Section 124: Payment of Re-insurance Claim
Section 33: Can open a liaison office
Section 73: Duties of labour
Section 95: Cancellation of License
Section 115: Management Committee may write to take action
Section 14: Inspection
Section 20: Validity Period of Bid
Section 121: Right to strike for settlement of collective disputes
Section 131: Misconduct and punishment
Section 83: Accounts to be maintained accurately
Section 156: Power to order payment of interest
Section 80: Arrangements for control of infectious diseases to be made
Section 103: Stabilisation Fund
Section 21: Bid Security
Section 7: Duty of Persons Who Have Source to Obtain Foreign Exchange
Section 61: Reproduction and Counterfeiting of Currency
Section 28: Working hours
Section 21: Claim or Complaint Not to Lie
Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal
Section 1: Short Title, Commencement, and Extension
Section 75: Credit to the Government of Nepal and Purchase of Government Debt Bonds
Section 13: Operation of Accounts
Section 105: Official to be Suspended
Section 93: Responsibilities of Insurance Intermediaries
Section 14: Information to be provided to the Authority
Section75: Saving from action
Section 19B: Power to request details
Section 22: Fines to be Imposed
Section 123: Saving of actions taken in good faith
Section 48: Term of Office of the Director
Section 49: Qualifications of Directors
Section 11B: To Search for Suspicious Person
Section 2: Definitions
Section 9C: Restriction on Making or Receiving Payment
Section 138: Cooperative Education
Section 152: Complaint Hearing
Section 143: Special Provision Related with The Insured
Section 7: Not to avail or provide loans in an unauthorised manner
Section 15: Punishment
Section 8: Procurement Method to be Selected
Section 165: Provide Expert Services
Section 108: Oath of Office
Section 137: Period for taking decision
Section 94: Renewal of License of Insurance Intermediaries
Section 4A: Provisions Relating to Foreign Exchange Obtained by Citizens of Nepal
Section 136: Authority imposing punishment
Section 15: Responsibilities of Traders Carrying Out E-Commerce Based on the List
Section 152: Repeal and Saving
Section 108: Internal management may be made
Section 64: Obligations of the main employer
Section 69: Activities restricted to be carried on by Insurance Company
Section 122: Offences deemed to be committed
Section 133: Provisions relating to misconduct may be made in the bye-law
Section 29: Coordination Required
Section 59: Technical or Management Service Agreement
Section 2: Definitions
Section 11: International Cooperation and Relationship
Section 116: Recommendation may be made
Section 80: Provisions concerning Blacklist
Section 54: Medical insurance to be made
Section 34: Deemed to Have Been Done by the Entrepreneur Himself
Section 100: Annual Report to be submitted
Section 141: Punishment
Section 21: Action not be initiated on the ground of breach of secrecy
Section 44: Allotment of Shares
Section 79: Micro-Insurance Regulation Fees
Section 153: Powers of Labour Court
Section 49: Accumulation of leave
Section 98: Ministry to conduct Inspection and Monitoring
Section 69: Secured Capital Redemption Fund
Section 10: Goods or Services May be Returned
Section 52A: Provisions Relating to Advance Payment
Section 86H: Decreasing the Capital of Problematic Commercial Bank or Financial Institution
Section 24: Resignation by Director
Section 86A: Commercial Banks and Financial Institutions to Provide Information to the Bank
Section 11: Power to Demand Statements
Section 93: Provisions relating to Office and inspectors
Section 27: To be considered ineligible
Section 88C: Function, Duty and Power of Special Administration Team
Section 9: Relation between the Government of Nepal and the Bank
Section 100: Regulation Fee
Section 137: Social Audits may cause to be conducted
Section 77: Direction to stop the work
Section 121: Priorities on the Payment of Liabilities in Case of Liquidation of the Insurance company
Section 35: Facilities not to be entitled to
Section 29: Regulation may be framed
Place and date of commencement of the remaining Sections of the Foreign Exchange (Regulation) Act, 2019
Section 35: Payment of remuneration
Section 58: Mechanism for Dispute Settlement
Section 1: Short Title, Extension and Commencement
Section 87: Special provisions relating to tourism labours
Section 103: Functions, duties and powers of the Council
Section 129: Complaint Regarding Loss or Damage
Section 5: Functions, Duties and Power of the Authority
Section 20: Reward to be Provision of Information
Section 167: Power of the Office to have execution of decisions
Section 36: Entitlement to annual increment in remuneration (grade)
Section 56: No Distribution of Dividend
Nepal Rastra Bank Act, 2058
Section 49: Loan and Refinance to Commercial Banks and Financial Institutions
Section 15: Continuity of existence of employment relationship during the period held in reserve
Section 19: Part-time employment
Section 18: Tenure of Office of the Director
Section 66: Foreign Exchange Reserve
Section 8: Duty of Importers
Section 88I: Sequence of Priority of Payment
Section 25: Government of Nepal to be the plaintiff
Section 172: Entitlement to remuneration and other benefits
Section 58: Functions, Duties and Power of Chief Executive
Section 112: Notice to be given for submission of liabilities
Section 11C: Power to Stop and Search Motor Vehicle
Section 37: Entitlement to festival expense
Section 79: To give information
Section 71: Provisions concerning Other Funds
Section 82: Special provisions relating to treatment of occupational disease
Section 3B: Other Provisions Relating to Foreign Exchange Transactions
Section 5: Restriction on Export and Import of Certain Currency and Bullion
Section 3: Procurement to be Made as Per This Act
Section 143: Settlement of Disputes
Section 16: Appointment of the Deputy Governor
Section 5: Function, Duties and Powers of the Bank
Section 5: Formation of District Cooperative Association
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