Section 106: Actions not to be Invalid

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None of the actions taken by the Bank or the Board shall be invalid merely for the reason that there was irregularity in the appointment of the Governor, Deputy Governor or Director or in the form of the Board or simply on the ground that the office of the Governor, Deputy Governor or Director has remained vacant.

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nepal law
nepal rastra bank act

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Section 13: Prohibition on Entering into Contract in Contravention of the Objective of This Act
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Section 2: Definitions
Section 107: Inventory to be prepared
Section 19B: Power to request details
Section 65: Loans or Grants may be obtained
Section 183: Repeal and saving
Section 26: Rejection of Bids or Cancellation of Procurement Proceedings
Section 42: Assets to be maintained more than liabilities
Section 149: Labours to get first priority
Section 105: Formation of Management Committee
Section 162: Coordinate with Public Bodies
Section 76: Appointment of an Auditor
Section 28: Two-Stage Bidding
Section 59: Account of Issued Currency
Section 8: Right relating to trade union
Section 12: Flow of Public Information
Section 86: No hindrance to take actions
Section 74: To form safety and health committee
Section 54: Functions of Cooperative Bank
Section 129: Collective bargaining or agreement to be made in good faith
Section 27: Bylaws to be framed
Section 101: Procedures for Pecuniary Penalty and Punishment
Section 68: Formulation of safety and health Policy
Section 59: Nepal Rastra Bank may take over Management
Section 34: Entitlement of labours to remuneration
Section 104: Organisation or Association may be declared problematic
Section 152: Repeal and Saving
Section 104: Functions, Duties and Powers of Special Administration Team
Section 15: Non-abuse of regulatory opportunity
Section 57: Soiled or Counterfeit Currency
Section 45: Operation of Open Market Transaction
Section 160: Delegation of Authority
Section 1: Short Title, Extension and Commencement
Section 12: Vacancy in the office of Chairperson or Member
Section 106: Notice of the Work
Section 48: Term of Office of the Director
Section 27: Acceptance of Bid and Procurement Contract
Section 45: Works May be Done or Cause to be Done by Force Account
Section 67: Procurement process under this Act not to be applied
Nepal Rastra Bank Act, 2058
Section 139: Procedures of Taking Actions
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 129: To refer for investigation
Section 15: Continuity of existence of employment relationship during the period held in reserve
Section 11G: Prohibition on Divulgence of Secrecy
Section 21: Bid Security
Section 136: Exercise of Voting Right
Section 79: To give information
Section 55: Delegation of Powers
Section 71: Provisions concerning Other Funds
Section 165: Appeal
Section 106B: Expert Service to be Provided
Section 53: To receive gratuity
Section 26: Fulfilment of Vacant Office
Section 115: The Authority may give directions to merge or to be amalgamated
Section 85: Preference to be accorded
Section 181: To frame and implement directives and procedures
Section 138: Cooperative Education
Section 81: Credit to Prescribed Sectors
Preamble
Section 9: Relation between the Government of Nepal and the Bank
Section 107: Preparation of New Financial Statements
Section 19: Working Area of Association and Cooperative Bank
Section 12: Not to Make Loss by Making Alteration in Account or Ledger or by Committing Forgery or Fraud
Section 86D: Effect of the Control of the Bank on any Commercial Bank or Financial Institution
Section 4: Formation of District Sectoral Cooperative Association
Section 141: Employment may be terminated voluntarily
Section 2: Definitions
Section 75: Micro Insurance is Required
Section 52: Contribution for provident fund
Section 108: Provisions After the Achievement of Improvement in Condition of the Insurer
Preamble
Section 64: Provisions Concerning Withdrawal of Amount and Operation of Accounts
Section 16: Appointment of the Deputy Governor
Section 97: Special Provisions concerning Inspection and Monitoring of Organisation or Association carrying out transactions of savings and credits
Section 97: Prohibition to act
Section 49: Qualifications of Directors
Section 29: Not to compel to work overtime
Section 10: Restriction on Export and Transmission of Securities
Section 119: Cooperative may be sought
Section 111: Authority to be suspended ipso facto
Section 177: Labour coordination committee
Section 15: International Level Bidding
Section 7: Prohibition on discrimination in remuneration for equal work
Section 112: Repeal and Saving
Section 115: Decision to be made by the Office
Section 140: Offence
Section 86E: The Reformative Measures and Power to be Used by the Bank or the Official Appointed by the Bank
Section 14: Inspection
Section 144: Punishment for those who oppose obstacles
Section 17: Punishment
Section 135: Opportunity to be given to submit clarification
Section 65: To make inspection, supervision and monitoring
Section 30: Functions, Duties and Powers of the Governor
Preamble
Section 28: Meeting of the Board
Section 23: Foreign citizen to obtain work permit to work in Nepal
Section 66: Provision Concerning Procurement to be Made in Special Circumstances
Section 75: Credit to the Government of Nepal and Purchase of Government Debt Bonds
Section 16: Punishment to the Persons Creating Hindrance
Section 73: Details to be made available
Section 133: Provisions relating to misconduct may be made in the bye-law
Section 159: To forward the matter to the body having jurisdiction
Section 52: Procurement Contract and Terms and Conditions Thereof
Section 9B: Acts Not to be Done by the Exporter
Section 10: Types of employment
Section 57: Social security scheme to be applicable
Section 89: Provisions relating to seasonal enterprises
Section 14: Information to be provided to the Authority
Section 81: To engage in easier work
Section 79: Micro-Insurance Regulation Fees
Section 2: Definitions
Section 47: Remuneration need not be paid
Section 86F: Power of the Bank for Corrective Action
Section 23: Constitution, Functions and Duties of Inquiry Committee
Section 137: Revocation (Cancellation) of License of the Insurer
Section 91: To observe fair labour practice
Section 45: Prospectus and Issue of Shares
Section 66: Insurance Not to Be Done
Section 32: Fixation of working hours
Section 170: Fixation of basic remuneration
Section 73: Bank may ask for Particulars, Statistics and Documents
Section 78: Special provisions relating to occupational safety and health
Section 33: May become members
Section 43: Restriction on Distribution of Dividend
Section 65: Dealing in Foreign Exchanges
Section 8: Procurement Method to be Selected
Section 147: Compulsory retirement
Section 49: Functions, duties and powers of Accounts Supervision Committee
Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal
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