Section 13: Operation of Accounts

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The Bank may open and operate accounts for the Government of Nepal and other governmental bodies, commercial banks and financial institutions, public corporations, foreign diplomatic missions, foreign central banks, foreign banks, international organisations, and associations. The procedures for opening and operating such accounts shall be as prescribed by the Bank.

Provided that, the Bank shall not operate an account for any individual, industry or political organisation.

Tagged:
nepal law
nepal rastra bank act

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Section 116: Collective claim may be submitted
Section 88H: Bridge Institution or Unit May be Established
Section 131: Authority to adjudicate a case
Section 7: Deemed to be a Contract
Section 40: Weekly leave
Section 21 Deemed to Have Committed an Offense
Section 16: Seller’s Liability
Section 40: Computation of net profit and loss
Section 22: Opening of Bids
Section 11I: To Give Receipt
Section 7: Functions not to be Carried out by the Bank
Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 88G: Recommendation May be Made for Improving the Financial Condition of the Commercial Bank or Financial Institution
Section 33: Evaluation of Technical Proposal
Section 88D: Power to be Automatically Suspended During the Period of Resolution
Section 15: Power of the Government of Nepal to Give Directives
Section 141: Provisions concerning tax
Section 176: Special powers of the Ministry
Section 47: Application May be Filed Before the Chief of Public Entity
Section 104: Collection of Data
Section 112: Notice to be given for submission of liabilities
Section 20: No Exemption from Liability
Chapter-2 Establishment of Authority and Its Functions, Duties and Power
Section 11: International Cooperation and Relationship
Section 62: Insurance Contract
Section 34: Termination of membership
Section 6: Power of Government of Nepal to Obtain Foreign Exchange
Section 74: Obtained Approval While Selling Assets
Section 85: Exchange of Mutual Cooperation
Section 17: Cooperative Organisation to be a Corporate Entity
Section 138: Fineable
Section 18: Method of Submission of Bids
Section 32: Can open a branch office
Section 70: The Insurance Appraisal
Section 14: Obligations of the Intermediary Practitioner
Section 40: Directives may be given to call an Extraordinary General Meeting
Section 17: Buyer’s Obligations
Preamble
Section 75: Micro Insurance is Required
Section 89: Fiscal Year
Section 64: Public Procurement Monitoring Office
Section 144: Notice to be given
Section 48: Review Committee
Section 79: Micro-Insurance Regulation Fees
Section 114: Application may be made to the Office
Section 129: Collective bargaining or agreement to be made in good faith
Section 116: Recommendation may be made
Section 5: Restriction on Export and Import of Certain Currency and Bullion
Section 132: Statutory Limitation to file a complaint
Section 158: High Court to perform functions of Labour Court
Section 5: Functions, Duties and Power of the Authority
Section 9C: Restriction on Making or Receiving Payment
Section 72: Records to be maintained
Section 114: Insurer May Merge or be Amalgamated
Section 67: Prohibition on collecting fee from labour
Section 134: Due Amount to be recovered
Section 127: Person Entitled to Get Payment
Section 136: Suspension of License or Ban of Insurance Business
Section 8: Qualification and Disqualification of Chairperson and Member
Section 19: Working Area of Association and Cooperative Bank
Section 167: Pursuant to this Act
Section 30: Short List to be Prepared by Soliciting Expression of Interest Openly
Section 9: Tenure of Chairperson and Members
Section 63: Provisions concerning sale and withdrawal of shares
Section 31: Delegation of powers
Section 135: Authority May Give Direction to Withold Payment of Insurance or Revoke the Insurance Policy
Section 44: Allotment of Shares
Section 10: Formation of Federation of National Cooperatives
Section 28: Application to be made
Section 90: Provisions relating to enterprise which is incorporated in foreign country and operates business in Nepal
Section 66: Foreign Exchange Reserve
Section 133: Appeal may be filed
Foreign Exchange (Regulation) Act 2019
Section 177: Labour coordination committee
Section 1: Short Title, Extension and Commencement
Section 27: To be considered ineligible
Section 49: Qualifications of Directors
Section 3A: Power of Bank to Take Action
Section 41: Board of Directors
Section 127: Remuneration for strike or lock-out period
Section 5: Registration Required
Section 125: Settlement of Small Amount Claim
Section 111: Authority to be suspended ipso facto
Section 22: Audit
Article 144: Jurisdiction of the High Court
Section 120: Expert Service may be sought
Section 53: Amendment to Procurement Contract
Section 26: Functions of National Cooperatives Federation
Section 36: Employees of the Bank
Section 39: Capital of the Bank
Section 51: Monetary Unit
Section 75: Credit to the Government of Nepal and Purchase of Government Debt Bonds
Section 12: Personal Information Must be Kept Confidential
Preamble
Section 29: Granting License
Section 93: Provisions relating to Office and inspectors
Section 1: Short Title, Commencement, and Extension
Section 31: Refusal for Prior Approval and License
Section 11: Process and Stage of Bidding
Section 19: Withdrawal and Modification of Bid
Section 108: Provisions After the Achievement of Improvement in Condition of the Insurer
Section 8: Electronic Commerce Payments
Section 9: Right to remedy
Section 11A: Designation of Investigating Officer
Section 1: Short title and commencement
Section 153: Powers of Labour Court
Section 161: Contact with the Government of Nepal
Section 124: Punishment
Section 64: Obligations of the main employer
Section 8: Privileges and Facilities to the Bank
Section 61: Obligations of labour supplier
Section 35: Evaluation of Financial Proposals
Section 149: Labours to get first priority
Section 99: Fine for Violation of the Bank’s Regulation
Section 94: Renewal of License of Insurance Intermediaries
Section 165: Appeal
Section 46: Compulsory Deposit of Commercial Banks and Financial Institutions
Section 1: Short title and commencement
Section 58: Mechanism for Dispute Settlement
Section 4: Establishment of An Electronic Platform
Section 50: Computation of year
Section 128: Nepal Rastra Bank may punish
Section 16: Appointment of the Deputy Governor
Section 115: The Authority may give directions to merge or to be amalgamated
Section 66: Liability of labours to rest on the main employer
Section 159: Submission of Report to Government of Nepal
Section 65: To make inspection, supervision and monitoring
Section 76: To stop work in the case of immediate danger
Section 70: Legal Documents to be Kept on Website
Section 144: Encouragement may be given
Section 107: Preparation of New Financial Statements
Section 111: Other Provisions Regarding Special Management of The Insurer
Section 98: Report to be submitted
Section 13: Functions Duties and Powers of the Chairperson
Section 105: Formation of Management Committee
Section 86E: The Reformative Measures and Power to be Used by the Bank or the Official Appointed by the Bank
Section 59: Nepal Rastra Bank may take over Management
Section 172: Entitlement to remuneration and other benefits
Section 60: Currency Recall or Withdrawal
Section 42: Election of Board
Section 86A: Commercial Banks and Financial Institutions to Provide Information to the Bank
Section 77: Ineligibility for Appointing Auditor
Section 42: Special Provision Relating to Ration Procurement
Section 12: Flow of Public Information
Section 157: Case may be compromised
Section 80: Provisions concerning Blacklist
Section 2: Definitions
Section 63: Blocklisting and Exclusion from the Blocklist
Section 115: Management Committee may write to take action
Section 51: Reference interest rate may be determined
Section 162: Coordinate with Public Bodies
Section 26: Summary Procedure to be Adopted
Section 26: Waiver in the Claim of Punishment may be Happen
Section 73: Bank may ask for Particulars, Statistics and Documents
Section 3: Not to open an account or demand cash payment in an unauthorised manner
Section 149: Power to frame Rules
Section 54: Committee or sub-committee may be formed
Section 86: No hindrance to take actions
Section 14: Information to be provided to the Authority
Section 99: Foreign Insurance Company shall inform to the Authority
Section 12: Power of Bank to Give Direction, Frame By-Law or Issue Order or Notice
Section 168: Power to Frame Rules
Section 10B: Provisions Relating to Lending and Borrowing of Loans in Foreign Exchange
Section 178: Transitional provisions
Section 74: Power to Make Rules
Section 121: Right to strike for settlement of collective disputes
Section 13: No Operation of Cooperative Organisation without Registration
Section 62: Conduct to Bidder or Proponent
Section 9B: Acts Not to be Done by the Exporter
Section 173: Increment of insurance amount
Section 97: To render necessary assistance
Section 26: Prior approval required
Section 118: Conditions Relating to Liquidation of Insurer
Section 69: Duties of employer towards labour
Section 35: Payment of remuneration
Section 25: Language of the contract
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