Section 17: Appointment of the Directors

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1) The Government of Nepal, the Council of Ministers, shall appoint Directors.

2) The Government of Nepal, through the Council of Ministers, shall, while appointing Directors, appoint them to represent different sectors, each from amongst persons renowned in the economic, monetary, banking, financial, commercial, management, and commercial law sectors.

Tagged:
nepal law
nepal rastra bank act

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Schedule
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Section 138: Cooperative Education
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Section 48: Mourning leave
Section 54: Measurement, Weights and Size of Coins
Section 155: Power to demand bank guarantee or deposit
Section 38: Procurement Contract to be Concluded
Section 57: Appointment of the Executive Director
Section 33: Management Committee
Section 66: Security of Government of Nepal may be obtained
Section 104: Organisation or Association may be declared problematic
Section 180: This Act not to apply
Section 9: Tenure of Chairperson and Members
Section 143: Settlement of Disputes
Section 15: Punishment
Section 63: Provisions concerning sale and withdrawal of shares
Section 37: Power to Make a Directory
Section 3: To remain as minimum standards
Section 25: Government of Nepal to be the plaintiff
Section 76: Incorporation of Insurance Company for Micro Business Only
Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 33: Can open a liaison office
Section 139: Financial Assistance to be provided
Section 40: Directives may be given to call an Extraordinary General Meeting
Section 107: Minimum remuneration fixation committee
Section 97: Government of Nepal to be Plaintiff
Section 31: Soliciting Proposals
Section 69: Activities restricted to be carried on by Insurance Company
Section 88O: Application for Liquidation May be Made
Section 34: Audit Committee
Section 83: Accounts to be maintained accurately
Section 150: Insured Insurance Protections Fund
Section 152: Complaint Hearing
Section 3: Procurement to be Made as Per This Act
Section 103: Stabilisation Fund
Section 28: Meeting of the Board
Section 30: Membership of Organisation
Section 21: Bid Security
Section 133: Annual Report Submit
Section 39: Other Provision for Consultancy Services
Section 25: Adjudication proceedings and disposal of the case not be affected
Section 153: Not to Make Insurance Transactions with Anyone Except Insurer
Section 90: Provisions concerning Liquidation
Section 52: Power to Issue Banknotes and Coins
Section 81: Re-Insurance Business
Section 21: Accounting of Income and Expenditure
Section 113: Audit Report to be prepared
Section 22: Provisions relating to Delivery of Notice
Section 61: Obligations of labour supplier
Section 94: Powers, functions and duties of the Office
Section 65: To make inspection, supervision and monitoring
Section 155: Insurance Information Centre
Section 6: Formation of Provincial Sectoral Cooperative Association
Section 34: Entitlement of labours to remuneration
Section 146: Resumption of operation
Section 106B: Expert Service to be Provided
Section 171: Act Implementation Measurement
Section 70: Consultation and Information Relating to External Debt
Section 130: Government of Nepal to be a plaintiff
Section 57: Social security scheme to be applicable
Section 35: Evaluation of Financial Proposals
Section 5: Prohibition on employment of children
Section 10: Not to acquire assets or open account by borrower who has over dues
Article 144: Jurisdiction of the High Court
Section 3: Establishment of the Authority
Section 60: Submission of details by licensee
Section 120: Expert Service may be sought
Section 18B: Certification of Copy of Document Related to Foreign Exchange
Section 38: Functions, Duties and Powers of Annual General Meeting
Section 34: Termination of membership
Section 9: Formation of Specialised Cooperative Association
Section 71: Duties of the responsible person
Section 4:
Section 31: Refusal for Prior Approval and License
Section 10B: Provisions Relating to Lending and Borrowing of Loans in Foreign Exchange
Section 80: Provisions concerning Blacklist
Section 170: Fixation of basic remuneration
Section 21: Provisions relating to social security
Section 10: Restriction on Export and Transmission of Securities
Section 126: Employment contract not to be violated
Section 74: Obtained Approval While Selling Assets
Section 77: Ineligibility for Appointing Auditor
Section 74: To form safety and health committee
Section 5: Function, Duties and Powers of the Bank
Section 39: Capital of the Bank
Section 121: Priorities on the Payment of Liabilities in Case of Liquidation of the Insurance company
Section 42: Election of Board
Section 9: Not to misuse banking resources, means and assets
Section 158: High Court to perform functions of Labour Court
Section 49: Loan and Refinance to Commercial Banks and Financial Institutions
Section 3: Electronic Trading May be Carried Out
Section 159: To forward the matter to the body having jurisdiction
Section 43: Annual Budget
Section 4: Prohibition on employing in forced labour
Section 142: Employment may be terminated on the ground of incompetence
Section 125: Settlement of Small Amount Claim
Section 53: Measurement, Weights and Size of Coins
Section 94: Delegation of Authority
Section 103: Functions, duties and powers of the Council
Section 65: Functions, Duties and Powers of Public Procurement Monitoring Office
Section 46: Birth registration certificate to be submitted
Section 32: Fixation of working hours
Section 86: No hindrance to take actions
Section 129: Complaint Regarding Loss or Damage
Section 41: Board of Directors
Section 61: Confidentiality to be maintained
Section 82: Provisions related to re-insurance contracts
Section 152: Majority decision to prevail
Section 37: Professional Code of Conduct and Official Responsibility
Nepal Rastra Bank Act, 2058
Section 22: Power to Frame Rules
Section 11D: Power to Search Building or Place of Transaction
Section 137: Revocation (Cancellation) of License of the Insurer
Section 44: Directors not to continue to hold the office
Section 145: Departmental actions may be taken
Section 62: Conduct to Bidder or Proponent
Section 4: Description of Goods, Construction Works and Services to be Prepared
Section 59: Technical or Management Service Agreement
Section 15: Appointment of the Governor
Section 124: Payment of Re-insurance Claim
Section 75: Credit to the Government of Nepal and Purchase of Government Debt Bonds
Section 72: Accepting risk based on the property itself
Preamble
Section 5: Cost Estimate to be Prepared
Section 36: Employees of the Bank
Section 7: Functions not to be Carried out by the Bank
Section 113: Insurance Business May Be Transferred
Section 107: Preparation of New Financial Statements
Section 79: Micro-Insurance Regulation Fees
Section 140: Offence
Section 104: Functions, Duties and Powers of Special Administration Team
Section 62: Insurance Contract
Section 9: Payment of Price of the Exported Goods
Section 117: To hold negotiations on collective claims, demands
Section 88C: Function, Duty and Power of Special Administration Team
Section 2: Definitions
Section 6: Power of Government of Nepal to Obtain Foreign Exchange
Section 10A: Regulation of Investment Abroad
Section 7: Formation of Provincial Cooperative Association
Section 70: Legal Documents to be Kept on Website
Section 117: Report to be submitted
Section 74: Power to Make Rules
Section 78: Exemptions, Facilities and Discounts
Section 23: Values, norms and principles of cooperative to be complied with
Section 32: Restriction on membership
Section 178: Transitional provisions
Section 176: Special powers of the Ministry
Section 107: No Responsibility for Acts Done in Good Faith
Section 108: Oath of Office
Section 69: Secured Capital Redemption Fund
Section 82: Information to be Furnished to Bank
Section 3B: Other Provisions Relating to Foreign Exchange Transactions
Section 9: Relation between the Government of Nepal and the Bank
Section 14: Not to Carry Out and Cause to Carry Out Irregular Economic and Financial Transactions
Section 127: Remuneration for strike or lock-out period
Section 128: Prohibition on filing of case against loss
Section 4: Objectives of the Bank
Section 119: Power of The Authority to Initiate the liquidation Process
Section 102: Formation of Central Labour Advisory Council
Section 110: To be borne from Assets of Organisation or Association
Section 90: Provisions relating to enterprise which is incorporated in foreign country and operates business in Nepal
Section 20: Fund of the Insurance Authority
Section 11G: Prohibition on Divulgence of Secrecy
Section 89: Fiscal Year
Section 97: To render necessary assistance
Section 67: Procurement process under this Act not to be applied
Section 57: Payment of Bill or Invoice
Section 3: Not to open an account or demand cash payment in an unauthorised manner
Section 144: Notice to be given
Section 8: Formation of Central Sectoral Cooperative Association
Section 11F: Power to Hold in Detention
Section 51: Discontinue to hold the office of Director
Section 2: Definitions
Section 79: Debts to be recovered
Section 21: Disqualification of the Directors
Section 98: Ministry to conduct Inspection and Monitoring
Section 4A: Provisions Relating to Foreign Exchange Obtained by Citizens of Nepal
Section 71: Deposit Collection
Section 30: Functions, Duties and Powers of the Governor
Section 88: Right to give order with respect to Audit of Insurer
Section 182: Powers to frame rules
Section 134: Power to suspend
Section 45: Operation of Open Market Transaction
Section 120: Power to form labour arbitration tribunal
Section 83: Direction may be issued
Section 177: Labour coordination committee
Section 79: Regulatory Powers of the Bank
Section 116: Collective claim may be submitted
Section 72: Duties of manufacturers, importers and suppliers
Section 85: Preference to be accorded
Section 17: Cooperative Organisation to be a Corporate Entity
Section 61: Conduct of the Official Involved in Public Procurement Proceedings
Section 112: Final Report to be Submitted
Section 111: Formation of labour relation committee
Section 12: Formation of Cooperative Bank
Section 71: Allocation of Savings
Section 20: Reward to be Provision of Information
Section 157: Collection of Statistics
Section 54: Medical insurance to be made
Section 55: Accidental insurance to be made
Section 28: Working hours
Section 115: The Authority may give directions to merge or to be amalgamated
Section 4: Establishment of An Electronic Platform
Section 103: Special Administration/Management Team
Section 108: Internal management may be made
Section 15: International Level Bidding
Section 41: Allocation of net profit
Section 51: Monetary Unit
Section 16: Seller’s Liability
Section 19: Proceedings may be initiated by detaining into the custody
Section 140: Termination of time-based and work-based employment
Section 168: Power to Frame Rules
Section 14: Formation of the Board
Section 13: Provision relating to probation period
Section 8: Electronic Commerce Payments
Section 58: Mechanism for Dispute Settlement
Section 58: Labours may be employed through supplier
Section 142: Don’t work in the Insurance Business
Bonus Act 2030
Section 151: Formation of Labour Court
Section 68: Formulation of safety and health Policy
Section 24: Objective of Organisation or Association
Section 40: Weekly leave
Section 6: Disclosure of Details
Section 23: Repeal
Preamble
Section 24: Investigation and Filing of Cases
Section 55: Issuance of Currency and Security
Section 95: Cancellation of License
Section 108: Provisions concerning Payment of Liabilities
Section 22: Opening of Bids
Section 24: Issuance of order for creating encumbrances over the assets of a foreign individual
Section 70: Duties of employer towards non-labour
Section 46: Compulsory Deposit of Commercial Banks and Financial Institutions
Section 35: May Grant Exemptions, Facilities, or Concessions
Section 121: Provisions concerning Employees of Management Committee
Section 115: Management Committee may write to take action
Section 17: Provisions relating to labour to be applicable
Section 17: Deadline for Submission of Bids or Pre-Qualification Proposals
Section 8: Qualification and Disqualification of Chairperson and Member
Section 106: Notice of the Work
Section 40: Catastrophic Fund
Section 19B: Power to request details
Section 159: Submission of Report to Government of Nepal
Section 64: Particulars of Foreign Exchange Transactions
Section 42: Assets to be maintained more than liabilities
Section 69: Duties of employer towards labour
Section 59: Termination of Procurement Contract and Remedy Therefor
Section 130: Insurance Mediation
Section 128: Complaint Relating to Payment of Claim
Section 36: Rejection of Proposal and Cancellation of Procurement Proceedings
Section 22: Restriction on employment of foreigners
Section 60: Public Notice of Procurement Contract
Section 49: Functions, duties and powers of Accounts Supervision Committee
Section 2: Definitions
Section 71: Evaluation Committee to be Formed
Section 114: Application may be made to the Office
Section 91: Annual Report
Section 96: Investigation may be conducted
Section 76: To stop work in the case of immediate danger
Section 164: The Government of Nepal may Issue Directives
Section 137: Period for taking decision
Section 22: Audit
Section 58: Provisions Relating to Currency Inventory and Issuance of Currency
Section 128: Nepal Rastra Bank may punish
Section 78: Special provisions relating to occupational safety and health
Section 44: Allotment of Shares
Section 11: Power to Demand Statements
Section 132: Details to be Provided
Section 31: Pursuant to the Consumer Protection Act
Section 9: Right to remedy
Section 113: Submission of individual claims
Section 139: Security of employment
Section 28: Internal Procedures may be framed
Section 181: To frame and implement directives and procedures
Section 154: Proceeding against contempt of court
Section 138: Punishment may be remitted
Section 92: Deemed to be unfair labour practice
Section 27: Acceptance of Bid and Procurement Contract
Section 41: Public leave
Section 24: Resignation by Director
Section 6: Formation of the Board
Chapter-2 Establishment of Authority and Its Functions, Duties and Power
Section 31: Application to be submitted to acquire membership
Section 65: Dealing in Foreign Exchanges
Section 38: Measures to Implement the Act
Section 64: Obligations of the main employer
Section 161: Appeal to the Supreme Court
Section 75: Micro Insurance is Required
Section 47: Failure to Maintain Compulsory Deposit
Section 14: Continuity of existence of the employment relationship despite change in ownership
Section 105: Provisions relating to meetings of the Council
Section 62: Liquid Assets to be maintained
Section 11: International Cooperation and Relationship
Schedule
Section 49: Accumulation of leave
Section 118: Terms and conditions of services of chairperson and members of Management Committee
Section 96: Penalty and Punishment
Section 98: To Regulate, Inspect and Monitor
Section 88K: Actions Prior to the Commencement of the Action Relating to Resolution to be Inactive
Section 14A: Not to carry out Dhukuti transactions
Section 13: Not to Derive Excess, Low or False Valuation or Prepare False Financials
Section 121: Right to strike for settlement of collective disputes
Section 126: To freeze transactions, accounts and assets
Section 112: Notice to be given for submission of liabilities
Section 106: Functions, duties and powers of Management Committee
Section 72: Records to be maintained
Section 29: Granting License
Section 55: Delegation of Powers
Section169: Enact and Enforce Regulations
Section 99: Power of the Office to give direction
Section 78: License to be Obtained from Bank
Section 17: Punishment
Section 85: Special provisions relating to construction labours
Section 19: Document to be Void
Section 19: Part-time employment
Section 3: Formation of Organisation
Section 50: Computation of year
Section 86B: Commercial Bank and Financial Institution Deemed to be Problematic
Section 88: Provisions relating to domestic labours
Section 73: Bank may ask for Particulars, Statistics and Documents
Section 21 Deemed to Have Committed an Offense
Section 101: Cooperative Savings and Credits Security Fund
Section 27: Remuneration, conditions of service, benefits of and other provisions relating to foreign labours
Section 33: May become members
Section 1: Short title and commencement
Section 9: Transfer of Goods or Services
Section 11A: Designation of Investigating Officer
Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 68: Possession of Property Prohibited
Section 2: Definitions
Section 32: Power to Give Directions
Section 10: Types of employment
Section 134: Due Amount to be recovered
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Section 17: Appointment of the Directors

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