Section 1: Short Title and Commencement

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1) This Act may be called “Nepal Rastra Bank Act, 2058”.

2) This Act shall come into force immediately.

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nepal law
nepal rastra bank act

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Section 9: Transfer of Goods or Services
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Section 169: Procedure relating to service of notice
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Section 16: Punishment to the Persons Creating Hindrance
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Section 163: International Aid and Relation
Section 43: Restriction on Distribution of Dividend
Section 11: Process and Stage of Bidding
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Section 54: Measurement, Weights and Size of Coins
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Section 101: Insurer Deemed to be Problematic
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Section 34: Opening of Financial Proposal
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Section 150: Special provisions relating to regulation, monitoring and supervision
Section 23: Repeal
Section 100: Regulation Fee
Section 8: Right relating to trade union
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Section 52: Limit of Personal Saving
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Section 32: Prohibition on Vested Personal Interest
Section 102: Filing Appeals
Section 112: Notice to be given for submission of liabilities
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Section 86I: Right to Appeal Against the Order of the Bank
Section 10B: Provisions Relating to Lending and Borrowing of Loans in Foreign Exchange
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Section 155: Insurance Information Centre
Section 77: Restriction on Rate of Interest
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Section 141: Provisions concerning tax
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Section 94: Report on Monetary Policy
Section 125: Settlement of Small Amount Claim
Section 103: Special Administration/Management Team
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Section 85: Audit Committee of Insurer
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Preamble
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Section 114: Application may be made to the Office
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Section 18B: Certification of Copy of Document Related to Foreign Exchange
Section 118: Terms and conditions of services of chairperson and members of Management Committee
Section 50: Method of Review
Section 54: Functions of Cooperative Bank
Section 41: Claim Payable Fund and Reserve Fund
Section 74: To form safety and health committee
Section 74: Obtained Approval While Selling Assets
Section 88I: Sequence of Priority of Payment
Section 98: To Regulate, Inspect and Monitor
Section 8: Not to misuse credit
Section 179: This Act to prevail
Section 24: Issuance of order for creating encumbrances over the assets of a foreign individual
Section 48: Term of Office of the Director
Section 181: To frame and implement directives and procedures
Section 10: Qualification of Bidder or Proponent
Section 106: Fixation of minimum remuneration
Section 88: Establishment of Credit Information Centre
Section 70: Cooperative Promotion Fund
Section 124: Payment of Re-insurance Claim
Section 110: Recommendation for Improving Financial Condition of the Insurer
Section 53: Amendment to Procurement Contract
Section 14: Application to be Submitted for Registration
Section 11D: Power to Search Building or Place of Transaction
Section 19: Proceedings may be initiated by detaining into the custody
Section 113: Submission of individual claims
Section 20: Qualifications of the Directors
Section 33: Grievance Management
Section 5: Not to make unauthorised withdrawals or payments
Section 173: Increment of insurance amount
Section 72: Records to be maintained
Section 48: Mourning leave
Section 15: Power of the Government of Nepal to Give Directives
Section 22: Fines to be Imposed
Section 38: Measures to Implement the Act
Section 97: Government of Nepal to be Plaintiff
Section 12: Flow of Public Information
Section 67: Procurement process under this Act not to be applied
Section 106: Actions not to be Invalid
Section 143: Special Provision Related with The Insured
Section 16: Trainees may be engaged in work
Section 4B: Payment for Sale of Goods or Provision of Services to a Foreigner
Section 6: Formation of Provincial Sectoral Cooperative Association
Section 25: Adjudication proceedings and disposal of the case not be affected
Section 87: Establishment of Information Network
Section 86A: Commercial Banks and Financial Institutions to Provide Information to the Bank
Section 16: Clarification as to Unclear Matter on Bidding or Pre-Qualification Documents
Section 165: Provide Expert Services
Section 51: Monetary Unit
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Section 68: Method of Communication
Section 12: Power of Bank to Give Direction, Frame By-Law or Issue Order or Notice
Section 14: Not to Carry Out and Cause to Carry Out Irregular Economic and Financial Transactions
Section 87: Special provisions relating to tourism labours
Section 110: Power to Frame Rules and Bylaws
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Section 137: Revocation (Cancellation) of License of the Insurer
Section 144: Punishment for those who oppose obstacles
Section 27: Acceptance of Bid and Procurement Contract
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Section 138: Punishment may be remitted
Section 17: Buyer’s Obligations
Section 43: Home leave
Section 130: Government of Nepal to be a plaintiff
Section 12: Pre-Qualification to be Determined
Section 44: Construction Works May be Caused to be Carried Out by the Users Committee or Beneficiary Community
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Section 37: Functions, Duties and Powers of Preliminary General Meeting
Section 40: Catastrophic Fund
Section 32: Power to Give Directions
Section 105: Trust Accounts
Section 42: Election of Board
Section 112: Final Report to be Submitted
Section 55: Accidental insurance to be made
Section 119: Power of The Authority to Initiate the liquidation Process
Section 183: Repeal and saving
Section 116: Insurer Many Acquire Another Insurer
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Section 24: Resignation by Director
Section 65: To make inspection, supervision and monitoring
Section 144: Encouragement may be given
Section 111: Authority to be suspended ipso facto
Section 59: Termination of Procurement Contract and Remedy Therefor
Section 106: Notice of the Work
Section 3A: Power of Bank to Take Action
Section 171: Act Implementation Measurement
Section 58: Mechanism for Dispute Settlement
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Section 48: Review Committee
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Section 82: Information to be Furnished to Bank
Section 98: Ministry to conduct Inspection and Monitoring
Section 158: Not being held accountable for actions done with good intentions
Section 91: Annual Report
Section 88: Right to give order with respect to Audit of Insurer
Section 121: Provisions concerning Employees of Management Committee
Section 50: Discount Rate and Rate of Interest for Refinance
Section 4: Establishment of An Electronic Platform
Section 99: Fine for Violation of the Bank’s Regulation
Section 52: Procurement Contract and Terms and Conditions Thereof
Section 24: Existing Licenses
Section 96: Obligations of inspector or employee
Section 64: Public Procurement Monitoring Office
Section 16: Seller’s Liability
Section 59: Nepal Rastra Bank may take over Management
Section 43: Provision Relating to Renting House and Land and Obtaining Service on Contract
Section 56: No Distribution of Dividend
Section 6: Prior Right of the Bank
Section 14: Information to be provided to the Authority
Section 27: Bylaws to be framed
Section 5: Function, Duties and Powers of the Bank
Section 95: Cancellation of License
Section 121: Priorities on the Payment of Liabilities in Case of Liquidation of the Insurance company
Section 49: Application May be Filed Before the Review Committee
Section 56: Management of Insurance Company
Section 20: Reward to be Provision of Information
Section 21: Disqualification of the Directors
Section 73: Duties of labour
Section 76: To stop work in the case of immediate danger
Section 54: Medical insurance to be made
Section 81: Credit Information Centre
Section 15: Non-abuse of regulatory opportunity
Section 14: Continuity of existence of the employment relationship despite change in ownership
Section 73: Delegation of Power
Section 139: Financial Assistance to be provided
Section 70: The Insurance Appraisal
Section 20: Fund of the Insurance Authority
Section 102: Formation of Central Labour Advisory Council
Section 14: Invitation to Bids
Section 37: Professional Code of Conduct and Official Responsibility
Section 120: Appointment of a Liquidator
Section 84: To be sent for freezing
Section 139: Security of employment
Section 28: Application to be made
Section 11: Prohibition on employment without entering into employment contract
Section 23: Values, norms and principles of cooperative to be complied with
Section 150: Insured Insurance Protections Fund
Nepal Rastra Bank Act, 2058
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 141: Employment may be terminated voluntarily
Section 8: Qualification and Disqualification of Chairperson and Member
Section 172: Entitlement to remuneration and other benefits
Section 15: Continuity of existence of employment relationship during the period held in reserve
Section 5: Functions, Duties and Power of the Authority
Section 85: Exchange of Mutual Cooperation
Section 118: Settlement through mediation
Section 29: Consultancy Services May be Procured
Section 11G: Prohibition on Divulgence of Secrecy
Section 114: Remedial Actions may be taken
Section 85: Special provisions relating to construction labours
Section 33: Arrangement for transportation to be made
Section 86: …………………
Section 158: High Court to perform functions of Labour Court
Section 72: Accepting risk based on the property itself
Section 109: Authority may be delegated
Section 41: Provision for Direct Procurement
Section 42: Allocation of net loss
Section 156: Power to order payment of interest
Section 140: Termination of time-based and work-based employment
Section 88: Provisions relating to domestic labours
Section 147: Prevailing law relating to companies not to apply
Section 81: To engage in easier work
Section 23: Examination of Bids
Section 113: Insurance Business May Be Transferred
Section 11: Not to stop credit facility in the way to loss working project of borrower
Section 37: Entitlement to festival expense
Section 94: Powers, functions and duties of the Office
Section 164: Decision may be made by the Labour Court
Section 32: Restriction on membership
Section 76: Saving
Section 152: Complaint Hearing
Section 34: Audit Committee
Preamble
Section 29: Amendment to Bylaws and Internal Procedures
Section 72: Records of Procurement Proceedings
Section 138: Cooperative Education
Section 88N: Exchange of Reciprocal Assistance
Section 95: Powers, functions and duties of inspector
Section 38: Procurement Contract to be Concluded
Section 129: Collective bargaining or agreement to be made in good faith
Section 69: Procurement Transaction May be Carried Out Through Electronic Communications Means
Section 79: Debts to be recovered
Section 65: Group Insurance Fund
Electronic Commerce (E-Commerce) Act 2081
Section 86E: The Reformative Measures and Power to be Used by the Bank or the Official Appointed by the Bank
Section 70: Consultation and Information Relating to External Debt
Section 19: Remuneration and Other Benefits to the Directors
Section 13: Prohibition on Entering into Contract in Contravention of the Objective of This Act
Section 175: Saving of acts done in good faith
Section 21: Claim or Complaint Not to Lie
Section 47: Dissolution of Board
Section 5: Prohibition on employment of children
Section 3: Not to open an account or demand cash payment in an unauthorised manner
Section 22: Grounds for Removal of the Directors from Office
Section 14B: Not to carry out banking transactions in an illegal manner
Section 87: Audit of Insurer
Section 49: Functions, duties and powers of Accounts Supervision Committee
Section 84: Preparation of Financial Statements
Section 132: Statutory Limitation to file a complaint
Section 68: Formulation of safety and health Policy
Section 108: Internal management may be made
Section 20: Cooperation to be extended
Section 15: Appointment of the Governor
Section 23: Foreign citizen to obtain work permit to work in Nepal
Section 167: Power of the Office to have execution of decisions
Section 23: Punishment
Section 24: Restriction on Insurance Business without license
Section 70: Duties of employer towards non-labour
Section 49: Accumulation of leave
Section 58: Books and Accounts
Section 63: Payment of remuneration and other benefits
Section 140: Offence
Section 154: Proceeding against contempt of court
Section 92: Auditing
Section 38: Functions, Duties and Powers of Annual General Meeting
Section 38: Confidentiality
Section 69: Activities restricted to be carried on by Insurance Company
Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 60: Currency Recall or Withdrawal
Section 67: Issuance of Debt Bond Against Gold and Foreign Currency
Section 20: Classification may be made on Sectoral Basis
Section 143: Settlement of Disputes
Section 180: This Act not to apply
Section 47: Failure to Maintain Compulsory Deposit
Section 90: Provisions relating to enterprise which is incorporated in foreign country and operates business in Nepal
Section 112: Performance evaluation of labours by enterprise
Section 137: Period for taking decision
Section 98: Report to be submitted
Section 41: Public leave
Section 45: Operation of Open Market Transaction
Section 90: Provisions concerning Liquidation
Section 6: Disclosure of Details
Section 122: Arbitral award and collective agreement to be binding
Section 170: Fixation of basic remuneration
Section 61: Reproduction and Counterfeiting of Currency
Section 2: Definitions
Section 51: Procurement Proceeding to be Withheld
Section 20: Validity Period of Bid
Section 35: Evaluation of Financial Proposals
Section 26: Summary Procedure to be Adopted
Section 111: Other Provisions Regarding Special Management of The Insurer
Section 50: Transaction of Savings and Credits to be made concentrating on Member
Section 117: Report to be submitted
Section 75: Repeal and Amendment
Section75: Saving from action
Section 145: Departmental actions may be taken
Section 96: Penalty and Punishment
Section 163: Power of the Department or Office to decide
Section 80: Banking and Financial System and Credit Control
Section 142: Contract not to be concluded
Section 127: Person Entitled to Get Payment
Section 84: Provisions relating to tea-estate labours
Section 90: Account System
Section 99: Power of the Office to give direction
Section 55: Price Adjustment in Procurement Contract
Section 145: Retrenchment may be made
Section 115: Management Committee may write to take action
Section 18: Inquiry and Institution of Case
Section 118: Conditions Relating to Liquidation of Insurer
Section 66: Provision Concerning Procurement to be Made in Special Circumstances
Section 74B: Right to Remove Obstacles
Section 32: Opening of proposals
Section 16: Registration may be Denied
Section 37: Power to Make a Directory
Section 2: Definitions
Section 62: Foreign Exchange Policy
Section 119: Settlement of dispute through arbitration
Section 86D: Effect of the Control of the Bank on any Commercial Bank or Financial Institution
Section 64: Insurance Premium
Section 174: Delegation of authority
Section 7: Deemed to be a Contract
Section 123: Special provisions relating to the submission of collective claims, demands
Section 17: Time and limitation for the Lodgement of First Information Report
Section 105: Provisions relating to meetings of the Council
Section 92: Qualifications of Insurance Mediators
Section 136: Authority imposing punishment
Section 52A: Provisions Relating to Advance Payment
Section 13: Bidding Documents to be Prepared
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