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.

Tagged:
nepal law
nepal rastra bank act

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Section 16: Punishment to the Persons Creating Hindrance
Section 63: Provisions concerning sale and withdrawal of shares
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Section 39: Remuneration for reserve period
Section 129: To refer for investigation
Section 102: Measures For the Reformation of Problematic Insurer
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Section 153: Not to Make Insurance Transactions with Anyone Except Insurer
Section 8: Procurement Method to be Selected
Section 59: Nepal Rastra Bank may take over Management
Section 108: Provisions After the Achievement of Improvement in Condition of the Insurer
Section 106: Fixation of minimum remuneration
Section 48: Review Committee
Section 135: Opportunity to be given to submit clarification
Section 116: Recommendation may be made
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Section 111: Authority to be suspended ipso facto
Section 141: Employment may be terminated voluntarily
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Section 88L: Other Provisions Relating to Resolution
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Section 13: Bidding Documents to be Prepared
Section 66: Insurance Not to Be Done
Section 115: The Authority may give directions to merge or to be amalgamated
Section 40: Directives may be given to call an Extraordinary General Meeting
Section 85: Exchange of Mutual Cooperation
Section 74: To form safety and health committee
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Section 89: Recommending Action
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Section 103: Special Administration/Management Team
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Section 19: Working Area of Association and Cooperative Bank
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Section 87: Provisions concerning Amalgamation and Division
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Section 170: Implementing Guidelines and Procedures
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Section 12: Formation of Cooperative Bank
Section 88M: Final Description of the Work Relating to Resolution to be Submitted
Section 82: Special provisions relating to treatment of occupational disease
Section 67: Procurement process under this Act not to be applied
Section 27: Bylaws to be framed
Preamble
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Section 66: Liability of labours to rest on the main employer
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Section 92: Deemed to be unfair labour practice
Section 14A: Not to carry out Dhukuti transactions
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Section 20: Qualifications of the Directors
Section 67A: Procurement Proceedings Should Not Be Obstructed
Section 123: Settlement of Insurance Claim
Section 57: Appointment of the Executive Director
Section 22: Restriction on employment of foreigners
Section 72: Duties of manufacturers, importers and suppliers
Section 88: Dissolution and Revocation of Registration
Section 89: Fiscal Year
Section 167: Power of the Office to have execution of decisions
Section 152: Repeal and Saving
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Section 128: Prohibition on filing of case against loss
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Section 35: Function, Duties and Powers of the Audit Committee
Section 114: Remedial Actions may be taken
Section 21: Accounting of Income and Expenditure
Section 8: Not to misuse credit
Section 69: Activities restricted to be carried on by Insurance Company
Section 34: Audit Committee
Section 88: Establishment of Credit Information Centre
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Section 10: Coordination with Public Bodies
Section 52: Contribution for provident fund
Section 65: Functions, Duties and Powers of Public Procurement Monitoring Office
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Section 106A: Not to Work in Commercial Bank or Financial Institution
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Section 30: Short List to be Prepared by Soliciting Expression of Interest Openly
Section 33: May become members
Section 122: Offences deemed to be committed
Section 47: Remuneration need not be paid
Section 35: Evaluation of Financial Proposals
Section 105: Official to be Suspended
Section 3: License to be Obtained to Carry on Foreign Exchange Transaction
Section 164: Decision may be made by the Labour Court
Section 81: Credit to Prescribed Sectors
Section 172: Entitlement to remuneration and other benefits
Section 141: Punishment
Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal
Section 105: Trust Accounts
Section 44: Allotment of Shares
Section 62: Foreign Exchange Policy
Section 4: Formation of District Sectoral Cooperative Association
Section 119: Power of The Authority to Initiate the liquidation Process
Section 142: Contract not to be concluded
Section 12: Flow of Public Information
Section 108: Oath of Office
Section 64: Provisions Concerning Withdrawal of Amount and Operation of Accounts
Section 89: Provisions relating to seasonal enterprises
Section 18: Working Area of Cooperative Organisation
Section 131: Authority to adjudicate a case
Section 121: Provisions concerning Employees of Management Committee
Schedule
Section 76: Saving
Section 115: Management Committee may write to take action
Section 11G: Prohibition on Divulgence of Secrecy
Section 58: Functions, Duties and Power of Chief Executive
Preamble
Section 22: Opening of Bids
Section 4:
Section 55: Accidental insurance to be made
Section 16: Trainees may be engaged in work
Section 79: Regulatory Powers of the Bank
Section 24: Issuance of order for creating encumbrances over the assets of a foreign individual
Section 22: Grounds for Removal of the Directors from Office
Section 88A: Power of the Bank to Carry Out Work of Resolution
Section 40: Weekly leave
Section 183: Repeal and saving
Section 31: Additional remuneration to be paid
Section 96: Penalty and Punishment
Section 5: Prohibition on employment of children
Section 131: Operation and Management of Insurance in Province
Section 88O: Application for Liquidation May be Made
Section 111: Guidelines to be Framed and Implemented
Section 88C: Function, Duty and Power of Special Administration Team
Section 6A: Preparation of Exiting List
Section 94: Delegation of Authority
Section 94: Powers, functions and duties of the Office
Section 12: Power of Bank to Give Direction, Frame By-Law or Issue Order or Notice
Section 86: …………………
Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 151: Insurance Development Fund
Section 88G: Recommendation May be Made for Improving the Financial Condition of the Commercial Bank or Financial Institution
Section 62: Revocation, suspension of license or fine
Section 18: Government to be the plaintiff
Section 179: This Act to prevail
Section 52: Procurement Contract and Terms and Conditions Thereof
Section 102: Mutual Security Services may be conducted
Section 87: Special provisions relating to tourism labours
Section 92: Qualifications of Insurance Mediators
Section 1: Short Title and Commencement
Place and date of commencement of the remaining Sections of the Foreign Exchange (Regulation) Act, 2019
Section 69: Banker, Advisor and Financial Agent
Section 143: Employment may be terminated on the ground of health
Section 49: Loan and Refinance to Commercial Banks and Financial Institutions
Section 28: Meeting of the Board
Section 115: Decision to be made by the Office
Section 166: Decisions to be executed
Section 7: Responsibility Towards Procurement Activities
Section 10: Formation of Federation of National Cooperatives
Section 139: Procedures of Taking Actions
Section 152: Complaint Hearing
Section 25: Evaluation of Bids
Section 56: No Distribution of Dividend
Section 17: Appointment of the Directors
Section 41: Board of Directors
Preamble
Section 78: License to be Obtained from Bank
Section 76: To stop work in the case of immediate danger
Section 39: Capital of the Bank
Section 144: Encouragement may be given
Section 163: International Aid and Relation
Section 14: Formation of the Board
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 11: No Association may be Formed
Section 43: Annual Budget
Section 56: Provision Concerning Extension of Contract Period
Section 49: Functions, duties and powers of Accounts Supervision Committee
Section 7: Duty of Persons Who Have Source to Obtain Foreign Exchange
Section 111: Other Provisions Regarding Special Management of The Insurer
Section 44: Monetary Policy
Section 19B: Power to request details
Section 60: Able to create a whistleblowing policy
Section 101: Making application in convenient Office
Section 7: Prohibition on discrimination in remuneration for equal work
Section 65: Loans or Grants may be obtained
Section 139: Security of employment
Section 145: Limitation for Complaint
Section 9C: Restriction on Making or Receiving Payment
Section 168: Power to impose punishment in the event of non-execution of judgment, compromise or agreement
Section 82: Information to be Furnished to Bank
Section 19A: Special investigation team may be formed
Section 46: Not to be involved in the decision-making process having conflict of personal interest
Section 30: Membership of Organisation
Section 87: Establishment of Information Network
Section 23A: Standards to be Followed
Section 132: Prohibition of sexual harassment
Section 3A: Power of Bank to Take Action
Section 48: Discount Operation
Section 14: Not to Carry Out and Cause to Carry Out Irregular Economic and Financial Transactions
Section 133: Provisions relating to misconduct may be made in the bye-law
Section 27: Power to Refuse Prior Approval
Section 38: Confidentiality
Section 2: Definitions
Section 98: Report to be submitted
Section 174: Delegation of authority
Section 22: Power to Frame Rules
Section 83: Dues to recover
Section 54: Committee or sub-committee may be formed
Section 88D: Power to be Automatically Suspended During the Period of Resolution
Section 90: Provisions relating to enterprise which is incorporated in foreign country and operates business in Nepal
Section 136: Authority imposing punishment
Section 32: Prohibition on Vested Personal Interest
Section 45: Prospectus and Issue of Shares
Section 34: Entitlement of labours to remuneration
Section 2: Definitions
Section 33: Management Committee
Section 130: Observance of discipline and duties
Section 14: Inspection
Section 14: Information to be provided to the Authority
Section 15: Punishment
Section 147: Prevailing law relating to companies not to apply
Section 4: Description of Goods, Construction Works and Services to be Prepared
Section 121: Right to strike for settlement of collective disputes
Section 139: Financial Assistance to be provided
Section 95: Powers, functions and duties of inspector
Preamble
Section 63: Payment of remuneration and other benefits
Section 20: Classification may be made on Sectoral Basis
Section 73: Investment in Subsidiary Company
Section 78: Claim of Micro-Insurance
Section 127: Person Entitled to Get Payment
Section 72: Records to be maintained
Section 138: Punishment may be remitted
Section 29: Regulation may be framed
Section 97: Government of Nepal to be Plaintiff
Section 84: Provisions relating to tea-estate labours
Section 145: Retrenchment may be made
Section 51: Monetary Unit
Section 81: Re-Insurance Business
Section 12: Pre-Qualification to be Determined
Section 102: Formation of Central Labour Advisory Council
Section 81: To engage in easier work
Section 95: Inspection and Checking of Accounts
Section 1: Short title and commencement
Section 11A: Designation of Investigating Officer
Section 74: Power to Make Rules
Section 17: Deadline for Submission of Bids or Pre-Qualification Proposals
Section 52A: Provisions Relating to Advance Payment
Section 136: Suspension of License or Ban of Insurance Business
Section 105: Provisions relating to meetings of the Council
Section 165: Provide Expert Services
Public Procurement Act 2063
Section 45: Works May be Done or Cause to be Done by Force Account
Section 71: Provisions concerning Other Funds
Section 10: Types of employment
Section 47: Formation of Board of Directors
Section 84: Preparation of Financial Statements
Section 68: Possession of Property Prohibited
Section 27: To be considered ineligible
Section 104: Organisation or Association may be declared problematic
Section 99: Fine for Violation of the Bank’s Regulation
Section 66: Security of Government of Nepal may be obtained
Section 90: Account System
Section 5: Formation of District Cooperative Association
Section 54: Variation Order
Section 126: Apparent loss or damage
Section 37: Functions, Duties and Powers of Preliminary General Meeting
Section 121: Priorities on the Payment of Liabilities in Case of Liquidation of the Insurance company
Section 81: Credit Information Centre
Section75: Saving from action
Section 33: Arrangement for transportation to be made
Section 110: To be deputed as representative
Section 108: Provisions concerning Payment of Liabilities
Section 16: Permission of the Bank to be Obtained to Open an Account
Section 138: Fineable
Section 11: Process and Stage of Bidding
Section 40: Catastrophic Fund
Section 127: Remuneration for strike or lock-out period
Section 116: Collective claim may be submitted
Section 171: Special provisions relating to managers and managerial level labours
Section 118: Conditions Relating to Liquidation of Insurer
Section 137: Revocation (Cancellation) of License of the Insurer
Section 68: International Clearing and Payment Agreements
Section 41: Public leave
Section 103: Functions, duties and powers of the Council
Section 101: Procedures for Pecuniary Penalty and Punishment
Section 67: Restrictions on undertaking business in partnership or acquire assets in ownership
Section 64: Insurance Premium
Section 93: Provisions relating to Office and inspectors
Section 49: Application May be Filed Before the Review Committee
Section 13: Provision relating to probation period
Section 49: Qualifications of Directors
Section 141: Provisions concerning tax
Section 51: Procurement Proceeding to be Withheld
Section 144: Punishment for those who oppose obstacles
Section 38: Insurance Fund
Section 88E: Notice and Registration of the Work Relating to Resolution
Section 11E: Power to Arrest
Section 71: Evaluation Committee to be Formed
Section 11: International Cooperation and Relationship
Section 124: Punishment
Section 116: Insurer Many Acquire Another Insurer
Section 70: Consultation and Information Relating to External Debt
Section 104: Office of member of the Council to be vacant
Section 86A: Commercial Banks and Financial Institutions to Provide Information to the Bank
Section 17: Cooperative Organisation to be a Corporate Entity
Section 27: Remuneration, conditions of service, benefits of and other provisions relating to foreign labours
Section 21: Action not be initiated on the ground of breach of secrecy
Section 133: Appeal may be filed
Section 11B: To Search for Suspicious Person
Section 6: Procurement Plan to be Prepared
Foreign Exchange (Regulation) Act 2019
Section 2: Definitions
Section 50: Method of Review
Section 117: Liquidation of Insurance Company
Preamble
Section 125: Picketing or assembly may be made
Section 150: Insured Insurance Protections Fund
Section 107: Preparation of New Financial Statements
Section 72: Records of Procurement Proceedings
Section 73: Delegation of Power
Section 177: Labour coordination committee
Section 39: Other Provision for Consultancy Services
Section 26: Waiver in the Claim of Punishment may be Happen
Section 31: Application to be submitted to acquire membership
Section 15: International Level Bidding
Section 20: Validity Period of Bid
Section 57: Prohibition of Purchase of Goods with Commercial Objectives
Section 38: Prohibition on deduction of remuneration
Section 126: Employment contract not to be violated
Section 53: Functions, Duties and Powers of the Board
Section 106: Functions, duties and powers of Management Committee
Section 19: Remuneration and Other Benefits to the Directors
Section 62: Liquid Assets to be maintained
Section 9A: To Receive Payment of Value of Exported Goods
Section 99: Power of the Office to give direction
Section 4: Prohibition on employing in forced labour
Section 20: Fund of the Insurance Authority
Section 122: Arbitral award and collective agreement to be binding
Section 150: To issue the certificate of experience
Section 83: Accounts to be maintained accurately
Section 64: Obligations of the main employer
Section 86F: Power of the Bank for Corrective Action
Section 5A: Approval to be Made
Section 181: To frame and implement directives and procedures
Section 97: Special Provisions concerning Inspection and Monitoring of Organisation or Association carrying out transactions of savings and credits
Section 129: Complaint Regarding Loss or Damage
Section 77: Ineligibility for Appointing Auditor
Section 96: Obligations of inspector or employee
Section 93: Submission of Report to Government of Nepal
Section 15: Non-abuse of regulatory opportunity
Section 166: Issue Orders and Directives
Section 140: Offence
Section 56: Provisions on Exchange of Currency
Section 29: Consultancy Services May be Procured
Section 74: Obtained Approval While Selling Assets
Section 156: Power to order payment of interest
Section 61: Reproduction and Counterfeiting of Currency
Section 44: Sick leave
Section 84: Inspection and Supervision
Section 19: Document to be Void
Section 9: Tenure of Chairperson and Members
Section 101: Insurer Deemed to be Problematic
Section 34: Opening of Financial Proposal
Chapter-2 Establishment of Authority and Its Functions, Duties and Power
Section 38: Functions, Duties and Powers of Annual General Meeting
Section 12: Vacancy in the office of Chairperson or Member
Section 17: Punishment
Section 124: Payment of Re-insurance Claim
Section 103: ………………….
Section 12: Not to Make Loss by Making Alteration in Account or Ledger or by Committing Forgery or Fraud
Section 107: Minimum remuneration fixation committee
Section 42: Allocation of net loss
Section 3: Establishment of the Authority
Section 134: Due Amount to be recovered
Section 63: Blocklisting and Exclusion from the Blocklist
Section 91: To observe fair labour practice
Section 88K: Actions Prior to the Commencement of the Action Relating to Resolution to be Inactive
Section 23: Audit Committee
Section 48: Mourning leave
Section 51: Leave not as a matter of right
Section 126: To freeze transactions, accounts and assets
Section 119: Settlement of dispute through arbitration
Section 109: Transfer may be made
Section 77: Restriction on Rate of Interest
Section 42: Special Provision Relating to Ration Procurement
Section 67: Prohibition on collecting fee from labour
Section 67: Find of a Cooperative Organisation
Section 5: Functions, Duties and Power of the Authority
Section 157: Case may be compromised
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