Section 34: Audit Committee

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*The Board shall constitute an Audit Committee as follows, which will be accountable to the Board: –

(a)	One Director designated by the Board	Coordinator
(b)	One subject expert designated by the Board	Member
(c)	Chief of the Internal Audit Department of the Bank	Member

*Amended by the Second Amendment

Tagged:
nepal law
nepal rastra bank act

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Section 14: Inspection
Section 161: Appeal to the Supreme Court
Section 12: Not to Make Loss by Making Alteration in Account or Ledger or by Committing Forgery or Fraud
Section 98: Bank to Provide Information
Section 39: Capital of the Bank
Section 45: Maternity leave
Section 136: Authority imposing punishment
Section 26: Prior approval required
Section 101: Cooperative Savings and Credits Security Fund
Section 59: Termination of Procurement Contract and Remedy Therefor
Section 51: Leave not as a matter of right
Section 85: Special provisions relating to construction labours
Section 92: Qualifications of Insurance Mediators
Section 146: Resumption of operation
Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 99: Fine for Violation of the Bank’s Regulation
Section 61: Confidentiality to be maintained
Section 80: Reinsurance Required
Section 27: Acceptance of Bid and Procurement Contract
Section 126: Employment contract not to be violated
Section 13: Provision relating to probation period
Section 23: Constitution, Functions and Duties of Inquiry Committee
Section 100: Regulation Fee
Section 91: Annual Report
Section 67: Prohibition on collecting fee from labour
Section 8: Not to misuse credit
Section 144: Encouragement may be given
Section 88: Right to give order with respect to Audit of Insurer
Section169: Enact and Enforce Regulations
Section 155: Power to demand bank guarantee or deposit
Section 34: Cancellation of License
Section 179: This Act to prevail
Section 22: Audit
Section 41: Claim Payable Fund and Reserve Fund
Section 5: Registration Required
Section 96: Investigation may be conducted
Section 106: Notice of the Work
Section 166: Issue Orders and Directives
Section 128: Nepal Rastra Bank may punish
Section 22: Grounds for Removal of the Directors from Office
Section 104: Collection of Data
Section 40: Computation of net profit and loss
Section 110: Recommendation for Improving Financial Condition of the Insurer
Section 61: Reproduction and Counterfeiting of Currency
Section 20: Not to restrain from working elsewhere
Section 60: Able to create a whistleblowing policy
Section 13: No Operation of Cooperative Organisation without Registration
Section 100: Labour audit to be made
Section 144: Notice to be given
Section 133: Annual Report Submit
Section 57: Payment of Bill or Invoice
Section 113: Audit Report to be prepared
Section 9: Procurement to be Made by Inviting Open Bid
Section 164: Decision may be made by the Labour Court
Section 148: Request for Details
Section 32: Restriction on membership
Section 10: Not to acquire assets or open account by borrower who has over dues
Section 122: Offences deemed to be committed
Section 11: Export and Import May be Carried Out
Section 24: Work permit may be issued
Section 90: Work should not be done without a license
Section 88H: Bridge Institution or Unit May be Established
Section 6A: Preparation of Exiting List
Section 15: Punishment
Section 4: Establishment of An Electronic Platform
Section 5: Cost Estimate to be Prepared
Section 116: Collective claim may be submitted
Section 106C: Government of Nepal May Give Directives
Section 50: Method of Review
Section 44: Allotment of Shares
Section 76: Appointment of an Auditor
Section 141: Punishment
Section 79: Micro-Insurance Regulation Fees
Section 54: Functions of Cooperative Bank
Section 117: Report to be submitted
Section 21: Bid Security
Section 145: Retrenchment may be made
Section 80: Banking and Financial System and Credit Control
Section 87: Audit of Insurer
Section 164: The Government of Nepal may Issue Directives
Section 157: Collection of Statistics
Section 91: License to Insurance Mediators
Section 180: This Act not to apply
Section 13: Functions Duties and Powers of the Chairperson
Section 33: Grievance Management
Section 20: Fund of the Insurance Authority
Section 183: Repeal and saving
Section 11: Power to Demand Statements
Section 86I: Right to Appeal Against the Order of the Bank
Section 134: Power to suspend
Section 4: Formation of District Sectoral Cooperative Association
Section 76: Saving
Section 39: Meeting General Meeting
Section 28: Meeting of the Board
Section 88O: Application for Liquidation May be Made
Section 31: Delegation of powers
Section 4: Description of Goods, Construction Works and Services to be Prepared
Section 143: Special Provision Related with The Insured
Section 105: Formation of Management Committee
Section 68: Formulation of safety and health Policy
Section 26: Rejection of Bids or Cancellation of Procurement Proceedings
Section 14: Application to be Submitted for Registration
Section 159: Submission of Report to Government of Nepal
Section 88N: Exchange of Reciprocal Assistance
Section 16: Meeting of the Board
Section 68: International Clearing and Payment Agreements
Section 7: Prohibition on discrimination in remuneration for equal work
Section 112: Final Report to be Submitted
Section 129: To refer for investigation
Section 64: Public Procurement Monitoring Office
Section 48: Review Committee
Section 181: To frame and implement directives and procedures
Section 49: Qualifications of Directors
Section 81: Credit Information Centre
Section 36: General Meeting
Section 56: Provision Concerning Extension of Contract Period
Section 88L: Other Provisions Relating to Resolution
Section 62: Foreign Exchange Policy
Section 150: Special provisions relating to regulation, monitoring and supervision
Section 33: May become members
Section 6: Prohibition on discrimination
Section 93: Provisions relating to Office and inspectors
Section 46: Compulsory Deposit of Commercial Banks and Financial Institutions
Section 105: Provisions relating to meetings of the Council
Section 182: Powers to frame rules
Section 58: Provisions Relating to Currency Inventory and Issuance of Currency
Section 102: Filing Appeals
Section 29: Coordination Required
Section 53: To receive gratuity
Section 9: Right to remedy
Section 68: Reserve Fund
Section 18: Inquiry and Institution of Case
Section 8: Privileges and Facilities to the Bank
Section 18: Method of Submission of Bids
Section 109: This Act to be Applicable
Section 8: Electronic Commerce Payments
Section 108: Internal management may be made
Section 15: To be Registered
Section 32: Opening of proposals
Section 111: Guidelines to be Framed and Implemented
Section 112: Notice to be given for submission of liabilities
Section 16: Permission of the Bank to be Obtained to Open an Account
Section 138: Fineable
Section 170: Implementing Guidelines and Procedures
Section 40: Weekly leave
Section 151: Standards, Directives or Procedures may be framed and submit
Section 17: Punishment
Section 134: Power of The Authority
Section 22: Provisions relating to Delivery of Notice
Section 88B: Provision Relating to the Formation of the Special Administration
Section 49: Functions, duties and powers of Accounts Supervision Committee
Section 3A: Power of Bank to Take Action
Section 10B: Provisions Relating to Lending and Borrowing of Loans in Foreign Exchange
Section 19: Remuneration and Other Benefits to the Directors
Section 127: Person Entitled to Get Payment
Section 17: Time and limitation for the Lodgement of First Information Report
Section 117: To hold negotiations on collective claims, demands
Section 82: Information to be Furnished to Bank
Section 9A: To Receive Payment of Value of Exported Goods
Section 89: Provisions relating to seasonal enterprises
Section 45: Prospectus and Issue of Shares
Section 130: Observance of discipline and duties
Section 55: Prohibition on Disbursing Credit
Section 31: Refusal for Prior Approval and License
Section 11B: To Search for Suspicious Person
Section 97: To render necessary assistance
Section 38: Functions, Duties and Powers of Annual General Meeting
Section 25: ……………………………
Section 73: Bank may ask for Particulars, Statistics and Documents
Section 43: Functions, duties and powers of Board
Section 132: Prohibition of sexual harassment
Section 83: Direction may be issued
Section 66: Insurance Not to Be Done
Section 124: Payment of Re-insurance Claim
Section 31: Additional remuneration to be paid
Section 32: Power to Give Directions
Section 45: Operation of Open Market Transaction
Section 38: Measures to Implement the Act
Section 7: Not to avail or provide loans in an unauthorised manner
Section 47: Application May be Filed Before the Chief of Public Entity
Section 90: Account System
Section 23: Audit Committee
Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 7: Formation of Provincial Cooperative Association
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