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.

Tagged:
nepal law
nepal rastra bank act

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Section 169: Procedure relating to service of notice
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Section 94: Delegation of Authority
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Section 108: Provisions concerning Payment of Liabilities
Section 104: Functions, Duties and Powers of Special Administration Team
Section 25: Public Notification of Governor’s Appointment
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Section 176: Special powers of the Ministry
Section 121: Provisions concerning Employees of Management Committee
Section 6A: Preparation of Exiting List
Section 76: Bank’s Approval Required for Accepting Deposits or Giving Credits
Section 81: Re-Insurance Business
Section 144: Notice to be given
Section 175: Saving of acts done in good faith
Section 163: Power of the Department or Office to decide
Section 71: Provisions concerning Other Funds
Section 41: Board of Directors
Section 17: Time and limitation for the Lodgement of First Information Report
Section 56: Provisions on Exchange of Currency
Section 52A: Provisions Relating to Advance Payment
Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal
Section 149: No Obstruction for Punishment
Section 50: Disqualifications of Directors
Section 11: Power to Demand Statements
Section 48: Mourning leave
Section 1: Short title and commencement
Section 2: Definition
Section 71: Deposit Collection
Section 21: Action not be initiated on the ground of breach of secrecy
Section 11: International Cooperation and Relationship
Section 95: Cancellation of License
Section 5: Registration Required
Section 40: Directives may be given to call an Extraordinary General Meeting
Section 18: Tenure of Office of the Director
Section 110: Recommendation for Improving Financial Condition of the Insurer
Section 25: Adjudication proceedings and disposal of the case not be affected
Section 93: Responsibilities of Insurance Intermediaries
Section 73: Delegation of Power
Section 57: Soiled or Counterfeit Currency
Section 16: Seller’s Liability
Section 44: Monetary Policy
Section 115: Decision to be made by the Office
Section 31: Pursuant to the Consumer Protection Act
Section 84: Preparation of Financial Statements
Section 89: Provisions relating to seasonal enterprises
Section 110: To be borne from Assets of Organisation or Association
Section 141: Provisions concerning tax
Section 90: Provisions concerning Liquidation
Section 32: Restriction on membership
Section 28: Application to be made
Section 88C: Function, Duty and Power of Special Administration Team
Section 27: Acceptance of Bid and Procurement Contract
Section 13: Functions Duties and Powers of the Chairperson
Section 94: Report on Monetary Policy
Section 17: Cooperative Organisation to be a Corporate Entity
Section 98: To Regulate, Inspect and Monitor
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Section 146: Recovery to be made as government due
Section 67: Find of a Cooperative Organisation
Section 41: Allocation of net profit
Section 79: Micro-Insurance Regulation Fees
Section 11D: Power to Search Building or Place of Transaction
Section 62: Foreign Exchange Policy
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Section 88H: Bridge Institution or Unit May be Established
Section 66: Liability of labours to rest on the main employer
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Section 26: Summary Procedure to be Adopted
Section 20: Fund of the Insurance Authority
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Section 86B: Commercial Bank and Financial Institution Deemed to be Problematic
Section 16: Meeting of the Board
Section 86: …………………
Section 58: Mechanism for Dispute Settlement
Section 20: Qualifications of the Directors
Section 1: Short Title, Extension and Commencement
Section 126: Apparent loss or damage
Section 9: Procurement to be Made by Inviting Open Bid
Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 151: Insurance Development Fund
Section 125: Settlement of Small Amount Claim
Section 74B: Right to Remove Obstacles
Section 73: Duties of labour
Section 16: Punishment to the Persons Creating Hindrance
Section 96: Obligations of inspector or employee
Section 35: Facilities not to be entitled to
Section 66: Insurance Not to Be Done
Section 43: Annual Budget
Section 91: Utilisation of Assets after Liquidation
Section 37: Professional Code of Conduct and Official Responsibility
Section 16: Registration may be Denied
Section 59: Technical or Management Service Agreement
Section 152: Complaint Hearing
Section 126: Employment contract not to be violated
Section 72: Records of Procurement Proceedings
Section 133: Annual Report Submit
Section 139: Security of employment
Section 26: Prior approval required
Section 28: To be governed as per the prevailing laws
Section 77: Contract to be made
Section 39: Other Provision for Consultancy Services
Section 88I: Sequence of Priority of Payment
Section 104: Organisation or Association may be declared problematic
Section 20: No Exemption from Liability
Section 19: Working Area of Association and Cooperative Bank
Section 89: Fiscal Year
Section 33: Arrangement for transportation to be made
Section 17: Punishment
Section 9B: Acts Not to be Done by the Exporter
Section 49: Loan and Refinance to Commercial Banks and Financial Institutions
Section 8: Formation of Central Sectoral Cooperative Association
Section 6: Formation of Provincial Sectoral Cooperative Association
Section 8: Not to misuse credit
Section 159: To forward the matter to the body having jurisdiction
Section 88L: Other Provisions Relating to Resolution
Section 139: Procedures of Taking Actions
Section 140: Inter-government transactions may be carried out
Section 103: Special Administration/Management Team
Section 47: Dissolution of Board
Section 9: Not to misuse banking resources, means and assets
Section 11C: Power to Stop and Search Motor Vehicle
Section 174: Delegation of authority
Section 36: General Meeting
Section 19: Withdrawal and Modification of Bid
Section 119: Cooperative may be sought
Section 66: Security of Government of Nepal may be obtained
Section 56: No Distribution of Dividend
Section 57: Prohibition of Purchase of Goods with Commercial Objectives
Section 134: Power to suspend
Section 13: Provision relating to probation period
Section 10: Goods or Services May be Returned
Section 52: Power to Issue Banknotes and Coins
Section 37: May order capital reduction
Section 33: Evaluation of Technical Proposal
Section 134: Power of The Authority
Section 22: Audit
Section 79: Debts to be recovered
Section 46: Birth registration certificate to be submitted
Section 81: Credit to Prescribed Sectors
Section 18: Government to be the plaintiff
Section 77: Ineligibility for Appointing Auditor
Section 76: Appointment of an Auditor
Section 18: Engagement in work as trainee labour
Section 144: Encouragement may be given
Section 16: Permission of the Bank to be Obtained to Open an Account
Section 129: To refer for investigation
Section 84: Provisions relating to tea-estate labours
Section 86G: Can be Subject of Resolution
Section 85: Special provisions relating to construction labours
Section 14B: Not to carry out banking transactions in an illegal manner
Section 102: Formation of Central Labour Advisory Council
Section 8: Procurement Method to be Selected
Section 1: Short Title, Extension and Commencement
Preamble
Section 73: Investment in Subsidiary Company
Section 114: Insurer May Merge or be Amalgamated
Section 128: Complaint Relating to Payment of Claim
Section 53: To receive gratuity
Section 10: Formation of Federation of National Cooperatives
Section 98: Bank to Provide Information
Section 147: Compulsory retirement
Section 61: Type of Insurance Business
Section 57: Appointment of the Executive Director
Section 137: Social Audits may cause to be conducted
Section 120: Appointment of a Liquidator
Section 3: Establishment of the Bank
Section 93: Functions, duties and powers
Section 107: No Responsibility for Acts Done in Good Faith
Schedule
Section 23: Repeal
Section 24: Restriction on Insurance Business without license
Section 19A: Special investigation team may be formed
Section 59: License to be obtained
Section 65: Functions, Duties and Powers of Public Procurement Monitoring Office
Section 39: Capital of the Bank
Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 99: Fine for Violation of the Bank’s Regulation
Section 7: Formation of Provincial Cooperative Association
Section 122: Offences deemed to be committed
Section 70: The Insurance Appraisal
Section 147: Prevailing law relating to companies not to apply
Section 138: Fineable
Section 3: License to be Obtained to Carry on Foreign Exchange Transaction
Section 12: Power of Bank to Give Direction, Frame By-Law or Issue Order or Notice
Section 61A: Departmental Action to be Taken
Section 161: Appeal to the Supreme Court
Section 107: Preparation of New Financial Statements
Section 136: Exercise of Voting Right
Section 44: Sick leave
Section 14A: Not to carry out Dhukuti transactions
Section 43: Home leave
Section 4B: Payment for Sale of Goods or Provision of Services to a Foreigner
Section 63: Management of Foreign Exchange
Section 142: Contract not to be concluded
Section 71: Duties of the responsible person
Section 96: Investigation may be conducted
Section 21: Disqualification of the Directors
Section 21: Claim or Complaint Not to Lie
Section 106C: Government of Nepal May Give Directives
Section 50: Discount Rate and Rate of Interest for Refinance
Section 124: Right to lock-outs
Section 40: Computation of net profit and loss
Section 41: Provision for Direct Procurement
Section 86: Appointment of Auditor of Insurer
Section 19: Proceedings may be initiated by detaining into the custody
Section 109: This Act to be Applicable
Section 118: Terms and conditions of services of chairperson and members of Management Committee
Section 59: Account of Issued Currency
Section 16: Clarification as to Unclear Matter on Bidding or Pre-Qualification Documents
Section 29: Amendment to Bylaws and Internal Procedures
Section 11A: Designation of Investigating Officer
Section 79: Regulatory Powers of the Bank
Section 116: Collective claim may be submitted
Section 142: Employment may be terminated on the ground of incompetence
Section 111: Other Provisions Regarding Special Management of The Insurer
Section 116: Recommendation may be made
Section 88E: Notice and Registration of the Work Relating to Resolution
Section 51: Procurement Proceeding to be Withheld
Section 33: Can open a liaison office
Section 85: Preference to be accorded
Section 24: Resignation by Director
Section 68: Reserve Fund
Section 141: Punishment
Section 51: Reference interest rate may be determined
Section 143: Employment may be terminated on the ground of health
Section 74: Power to Make Rules
Section 170: Implementing Guidelines and Procedures
Section 124: Payment of Re-insurance Claim
Section 48: Discount Operation
Section 156: Power to order payment of interest
Section 91: License to Insurance Mediators
Section 34: Audit Committee
Section 2: Definitions
Section 8: Electronic Commerce Payments
Section 117: Liquidation of Insurance Company
Section 14: Formation of the Board
Section 55: Accidental insurance to be made
Section 43: Functions, duties and powers of Board
Section 163: International Aid and Relation
Section 5: Formation of District Cooperative Association
Section 166: Issue Orders and Directives
Section 144: Punishment for those who oppose obstacles
Section 51: Monetary Unit
Section 74: To form safety and health committee
Section 12: Formation of Cooperative Bank
Section 90: Provisions relating to enterprise which is incorporated in foreign country and operates business in Nepal
Section 6: Not to obtain or make payment by way of abuse or unauthorised use of electronic means
Section 77: Restriction on Rate of Interest
Section 70: Legal Documents to be Kept on Website
Section 12: Personal Information Must be Kept Confidential
Section 12: Pre-Qualification to be Determined
Section 76: Saving
Section 45: Directors may be removed from Office
Section 15: Responsibilities of Traders Carrying Out E-Commerce Based on the List
Section 66: Foreign Exchange Reserve
Section 34: Opening of Financial Proposal
Section 14: Obligations of the Intermediary Practitioner
Section 8: Duty of Importers
Section 45: Operation of Open Market Transaction
Section 130: Observance of discipline and duties
Section 27: Remuneration, conditions of service, benefits of and other provisions relating to foreign labours
Section 31: Additional remuneration to be paid
Section 23: Examination of Bids
Section 71: Evaluation Committee to be Formed
Section 7: Not to avail or provide loans in an unauthorised manner
Section 9: Relation between the Government of Nepal and the Bank
Section 20: Reward to be Provision of Information
Section 47: Application May be Filed Before the Chief of Public Entity
Section 86F: Power of the Bank for Corrective Action
Section 11E: Power to Arrest
Section 131: Authority to adjudicate a case
Section 33: May become members
Section 7: Functions not to be Carried out by the Bank
Section 14: Information to be provided to the Authority
Section 53: Measurement, Weights and Size of Coins
Section 49: Application May be Filed Before the Review Committee
Section 23: Values, norms and principles of cooperative to be complied with
Section 79: To give information
Section 11: Prohibition on employment without entering into employment contract
Section 2: Definitions
Section 38: Functions, Duties and Powers of Annual General Meeting
Section 106: Actions not to be Invalid
Section 112: Repeal and Saving
Section 20: Cooperation to be extended
Section 80: Provisions concerning Blacklist
Section 5: Restriction on Export and Import of Certain Currency and Bullion
Section 8: Right relating to trade union
Section 94: Powers, functions and duties of the Office
Section 26: Rejection of Bids or Cancellation of Procurement Proceedings
Section 55: Prohibition on Disbursing Credit
Section 165: Provide Expert Services
Section 26: Functions of National Cooperatives Federation
Section 106: Notice of the Work
Section 92: Auditing
Section 22: Opening of Bids
Section 80: Reinsurance Required
Section 86H: Decreasing the Capital of Problematic Commercial Bank or Financial Institution
Section 48: Term of Office of the Director
Section 83: Accounts to be maintained accurately
Section 25: Language of the contract
Section 24: Existing Licenses
Section 45: Prospectus and Issue of Shares
Section 4: Objectives of the Bank
Section 139: Financial Assistance to be provided
Section 85: Exchange of Mutual Cooperation
Section 65: To make inspection, supervision and monitoring
Section 18: Working Area of Cooperative Organisation
Section 166: Decisions to be executed
Section 25: Evaluation of Bids
Section 10: Qualification of Bidder or Proponent
Section 88: Right to give order with respect to Audit of Insurer
Section 8: Privileges and Facilities to the Bank
Section 48: Review Committee
Section 88O: Application for Liquidation May be Made
Section 42: Election of Board
Section 14: Invitation to Bids
Section 75: Credit to the Government of Nepal and Purchase of Government Debt Bonds
Section 70: Consultation and Information Relating to External Debt
Section 138: Punishment may be remitted
Section 148: No Hindrance to take actions according to prevailing laws
Section 22: Grounds for Removal of the Directors from Office
Section 145: Limitation for Complaint
Section 102: Measures For the Reformation of Problematic Insurer
Section 41: Public leave
Section 83: Direction may be issued
Section 158: Not being held accountable for actions done with good intentions
Section 82: Provisions related to re-insurance contracts
Section 97: Government of Nepal to be Plaintiff
Section 88F: New Balance Sheet to be Prepared
Section 10A: Regulation of Investment Abroad
Section 66: Provision Concerning Procurement to be Made in Special Circumstances
Section 173: Increment of insurance amount
Schedule
Section 15: International Level Bidding
Section 88N: Exchange of Reciprocal Assistance
Section 27: Power to Refuse Prior Approval
Section 97: Special Provisions concerning Inspection and Monitoring of Organisation or Association carrying out transactions of savings and credits
Place and date of commencement of the remaining Sections of the Foreign Exchange (Regulation) Act, 2019
Section 64: Obligations of the main employer
Section 23: Punishment
Section 101: Insurer Deemed to be Problematic
Section 129: Collective bargaining or agreement to be made in good faith
Section 120: Expert Service may be sought
Section 118: Conditions Relating to Liquidation of Insurer
Section 122: Arbitral award and collective agreement to be binding
Section 42: Special Provision Relating to Ration Procurement
Section 42: Assets to be maintained more than liabilities
Section 71: Allocation of Savings
Section 123: Special provisions relating to the submission of collective claims, demands
Section 183: Repeal and saving
Section 76: Incorporation of Insurance Company for Micro Business Only
Section 136: Suspension of License or Ban of Insurance Business
Section 172: Entitlement to remuneration and other benefits
Section 128: Nepal Rastra Bank may punish
Section 10C: Provisions Relating to Repatriation, Investment of, and Transfer of Right in Foreign Exchange
Section 73: Bank may ask for Particulars, Statistics and Documents
Section 72: Records to be maintained
Section 155: Power to demand bank guarantee or deposit
Bonus Act 2030
Section 177: Labour coordination committee
Section 29: Coordination Required
Public Procurement Act 2063
Section 38: Confidentiality
Section 4A: Provisions Relating to Foreign Exchange Obtained by Citizens of Nepal
Section 152: Majority decision to prevail
Section 64: Particulars of Foreign Exchange Transactions
Section 6: Formation of the Board
Section 30: Membership of Organisation
Section 35: Payment of remuneration
Section 9: Formation of Specialised Cooperative Association
Section 19: Prohibition of Engaging in Improper Commercial or Business Activities
Section 133: Provisions relating to misconduct may be made in the bye-law
Section 2: Definitions
Section 62: Conduct to Bidder or Proponent
Section 39: Remuneration for reserve period
Section 40: Provision Relating to Sealed Quotation
Section 21: Provisions relating to social security
Section 74: Consultation on the Matter of Law Reform
Section 127: Double Fine to be imposed
Section 102: Filing Appeals
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 142: Don’t work in the Insurance Business
Section 4: Description of Goods, Construction Works and Services to be Prepared
Section 6: Power of Government of Nepal to Obtain Foreign Exchange
Section 124: Punishment
Section 58: Functions, Duties and Power of Chief Executive
Section 140: Offence
Section 88: Provisions relating to domestic labours
Section 146: Government of Nepal to be Plaintiff
Section 23: Audit Committee
Section 27: Acting Governor
Section 114: Application may be made to the Office
Section 107: Minimum remuneration fixation committee
Section 35: List to be Published
Section 6: Disclosure of Details
Section 150A: Instructions On Prevention of Money Laundering Must Be Followed
Section 13: Operation of Accounts
Foreign Exchange (Regulation) Act 2019
Section 135: Special Provisions concerning operation of Association
Section 136: Authority imposing punishment
Section 89: Recommending Action
Section 11: Export and Import May be Carried Out
Section 93: Provisions relating to Office and inspectors
Section 15: Appointment of the Governor
Section 38: Measures to Implement the Act
Section 132: Prohibition of sexual harassment
Section 120: Power to form labour arbitration tribunal
Section 55: Issuance of Currency and Security
Section 92: Deemed to be unfair labour practice
Section 53: Functions, Duties and Powers of the Board
Section 99: Foreign Insurance Company shall inform to the Authority
Section 4: Prohibition on employing in forced labour
Section 109: Transfer may be made
Section 18: Method of Submission of Bids
Section 116: Insurer Many Acquire Another Insurer
Section 107: Inventory to be prepared
Section 103: Stabilisation Fund
Section 29: Granting License
Section 158: High Court to perform functions of Labour Court
Section 168: Power to impose punishment in the event of non-execution of judgment, compromise or agreement
Section 125: Picketing or assembly may be made
Section 60: De-registration
Section 73: Details to be made available
Section 164: Decision may be made by the Labour Court
Section 67: Issuance of Debt Bond Against Gold and Foreign Currency
Section 7: Prohibition on discrimination in remuneration for equal work
Section 143: Settlement of Disputes
Section 29: Consultancy Services May be Procured
Section 106B: Expert Service to be Provided
Section 1: Short title and commencement
Section 35: Evaluation of Financial Proposals
Section 141: Employment may be terminated voluntarily
Section 133: Appeal may be filed
Section 26: Waiver in the Claim of Punishment may be Happen
Section 3B: Other Provisions Relating to Foreign Exchange Transactions
Section 5: Prohibition on employment of children
Section 29: Regulation may be framed
Section 134: Due Amount to be recovered
Section 46: Restriction on sold, mortgaged, or transferred
Section 154: Formation of Expert Groups
Section 61: Reproduction and Counterfeiting of Currency
Section 105: Provisions relating to meetings of the Council
Section 6: Prohibition on discrimination
Section 86C: Bank to Take Action Against Problematic Commercial Bank or Financial Institution
Section 2: Definitions
Section 28: Right to File a Complaint
Section 89: Appointment of a Liquidator
Section 22: Provisions relating to Delivery of Notice
Section 127: Remuneration for strike or lock-out period
Section 146: Resumption of operation
Section 115: The Authority may give directions to merge or to be amalgamated
Section 39: Meeting General Meeting
Section 117: Report to be submitted
Section 178: Transitional provisions
Section 49: Qualifications of Directors
Section 5: Cost Estimate to be Prepared
Section 5: Not to make unauthorised withdrawals or payments
Section 123: Saving of actions taken in good faith
Section 182: Powers to frame rules
Section 62: Insurance Contract
Section 43: Restriction on Distribution of Dividend
Section 151: Formation of Labour Court
Section 157: Collection of Statistics
Section 108: Provisions After the Achievement of Improvement in Condition of the Insurer
Section 5: Functions, Duties and Power of the Authority
Section 172: Repeal and Saving
Section 129: Complaint Regarding Loss or Damage
Section 18: Inquiry and Institution of Case
Section 19: Remuneration and Other Benefits to the Directors
Section 81: To engage in easier work
Section 63: Insurance Policy
Section 147: Authority to Hear Case and Execution of The Decision
Section 82: Information to be Furnished to Bank
Section 45: Works May be Done or Cause to be Done by Force Account
Section 13: Prohibition of Sale and Distribution
Section 6: Procurement Plan to be Prepared
Section 88G: Recommendation May be Made for Improving the Financial Condition of the Commercial Bank or Financial Institution
Section 60: Submission of details by licensee
Section 6: Prior Right of the Bank
Section 17: Deadline for Submission of Bids or Pre-Qualification Proposals
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