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 3: To remain as minimum standards
Section 37: Negotiations with the Proponent
Section 34: Deemed to Have Been Done by the Entrepreneur Himself
Section 5: Functions, Duties and Power of the Authority
Section 23: Repeal
Section 25: Adjudication proceedings and disposal of the case not be affected
Section 155: Insurance Information Centre
Section 98: Report to be submitted
Section 52: Procurement Contract and Terms and Conditions Thereof
Section 25: Government of Nepal to be the plaintiff
Section 63: Management of Foreign Exchange
Section 148: No Hindrance to take actions according to prevailing laws
Section 86F: Power of the Bank for Corrective Action
Section 74: Power to Make Rules
Section 145: Departmental actions may be taken
Section 86B: Commercial Bank and Financial Institution Deemed to be Problematic
Section 49: Accumulation of leave
Section 69: Banker, Advisor and Financial Agent
Section 34: Cancellation of License
Section 126: Apparent loss or damage
Section 57: Soiled or Counterfeit Currency
Section 43: Functions, duties and powers of Board
Preamble
Section 105A: State Government may constitute a State Labour Advisory Council
Section 26: Fulfilment of Vacant Office
Section 130: Observance of discipline and duties
Section 15: Power of the Government of Nepal to Give Directives
Section 32: Restriction on membership
Section 2: Definitions
Section 96: Obligations of inspector or employee
Section 129: Collective bargaining or agreement to be made in good faith
Section 6: Not to obtain or make payment by way of abuse or unauthorised use of electronic means
Section 61: Type of Insurance Business
Section 1: Short title and commencement
Section 101: Making application in convenient Office
Section 73: Investment in Subsidiary Company
Section 168: Power to Frame Rules
Section 13: Operation of Accounts
Section 83: Accounts to be maintained accurately
Section 148: Payment of benefits
Section 87: Audit of Insurer
Section 41: Board of Directors
Section 87: Special provisions relating to tourism labours
Section 104: Collection of Data
Section 141: Employment may be terminated voluntarily
Section 138: Punishment may be remitted
Section 13: Not to Derive Excess, Low or False Valuation or Prepare False Financials
Section 133: Provisions relating to misconduct may be made in the bye-law
Section 112: Final Report to be Submitted
Section 61: Confidentiality to be maintained
Section 76: Bank’s Approval Required for Accepting Deposits or Giving Credits
Section 27: Monitoring and Inspection of Electronic Commerce
Section 26: Summary Procedure to be Adopted
Section 91: Annual Report
Section 31: Delegation of powers
Section 18: Tenure of Office of the Director
Section 36: No Impediment to Prosecuting Cases in Accordance with Prevailing Law
Section 119: Power of The Authority to Initiate the liquidation Process
Section 140: Termination of time-based and work-based employment
Section 21: Bid Security
Section 47: Application May be Filed Before the Chief of Public Entity
Section 11: No Association may be Formed
Section 114: Remedial Actions may be taken
Section 146: Recovery to be made as government due
Section 38: Functions, Duties and Powers of Annual General Meeting
Section 6: Prohibition on discrimination
Section 69: Duties of employer towards labour
Section 94: Powers, functions and duties of the Office
Section 68: Possession of Property Prohibited
Section 42: Election of Board
Section 65: To make inspection, supervision and monitoring
Section 3: License to be Obtained to Carry on Foreign Exchange Transaction
Section 24: Work permit may be issued
Section 85: Special provisions relating to construction labours
Section 38: Procurement Contract to be Concluded
Section 179: This Act to prevail
Section 99: Foreign Insurance Company shall inform to the Authority
Section 62: Conduct to Bidder or Proponent
Section 147: Prevailing law relating to companies not to apply
Section 145: Retrenchment may be made
Section 45: Directors may be removed from Office
Section 66: Security of Government of Nepal may be obtained
Section 165: Appeal
Section 26: Remuneration may be repatriated in convertible foreign currency
Section 39: Capital of the Bank
Section 96: Penalty and Punishment
Section 95: Powers, functions and duties of inspector
Section 108: Internal management may be made
Section 29: Consultancy Services May be Procured
Section 163: International Aid and Relation
Section 61: Obligations of labour supplier
Section 86: No hindrance to take actions
Section 86: Provisions relating to transport labours
Section 82: Information to be Furnished to Bank
Section 151: Formation of Labour Court
Section 28: To be governed as per the prevailing laws
Section 58: Mechanism for Dispute Settlement
Section 28: Working hours
Section 86D: Effect of the Control of the Bank on any Commercial Bank or Financial Institution
Section 32: Can open a branch office
Section 76: Saving
Section 5: Registration Required
Section 62: Insurance Contract
Section 8: Right relating to trade union
Section 64: Particulars of Foreign Exchange Transactions
Section 22: Opening of Bids
Section 52: Contribution for provident fund
Section 102: Formation of Central Labour Advisory Council
Section 55: Issuance of Currency and Security
Section 35: List to be Published
Section 66: Foreign Exchange Reserve
Section 95: Acts Deemed to be Offences Under this Act
Section 55: Accidental insurance to be made
Section 4A: Provisions Relating to Foreign Exchange Obtained by Citizens of Nepal
Section 18: Inquiry and Institution of Case
Section 96: Investigation may be conducted
Section 23: Punishment
Section 19: Remuneration and Other Benefits to the Directors
Section 71: Evaluation Committee to be Formed
Section 13: Prohibition of Sale and Distribution
Section 29: Granting License
Section 37: Power to Make a Directory
Section 86: …………………
Section 107: Inventory to be prepared
Section 143: Settlement of Disputes
Section 88H: Bridge Institution or Unit May be Established
Section 29: Coordination Required
Section 92: Qualifications of Insurance Mediators
Section 31: Refusal for Prior Approval and License
Section 62: Revocation, suspension of license or fine
Section 161: Appeal to the Supreme Court
Section 44: Construction Works May be Caused to be Carried Out by the Users Committee or Beneficiary Community
Section 113: Submission of individual claims
Section 84: Preparation of Financial Statements
Section 98: Ministry to conduct Inspection and Monitoring
Section 49: Loan and Refinance to Commercial Banks and Financial Institutions
Section 94: Delegation of Authority
Section 38: Insurance Fund
Section 4:
Section 29: Not to compel to work overtime
Section 99: Fine for Violation of the Bank’s Regulation
Section 100: Regulation Fee
Section 172: Entitlement to remuneration and other benefits
Section 78: License to be Obtained from Bank
Section 30: Functions, Duties and Powers of the Governor
Section 77: Direction to stop the work
Section 16: Punishment to the Persons Creating Hindrance
Section 11D: Power to Search Building or Place of Transaction
Section 80: Reinsurance Required
Section 11J: To Submit Report
Section 23: Examination of Bids
Section 104: Functions, Duties and Powers of Special Administration Team
Section 149: Labours to get first priority
Section 127: Person Entitled to Get Payment
Section 1: Short Title and Commencement
Section 59: License to be obtained
Section 142: Contract not to be concluded
Section 54: Variation Order
Section 138: Cooperative Education
Section 3: Formation of Organisation
Section 39: Other Provision for Consultancy Services
Section 93: Submission of Report to Government of Nepal
Section 88B: Provision Relating to the Formation of the Special Administration
Section 69: Activities restricted to be carried on by Insurance Company
Section 67: Prohibition on collecting fee from labour
Section 58: Functions, Duties and Power of Chief Executive
Section 14A: Not to carry out Dhukuti transactions
Section 95: Cancellation of License
Section 111: Other Provisions Regarding Special Management of The Insurer
Section 29: Functions, Duties and Powers of the Board
Section 46: Not to be involved in the decision-making process having conflict of personal interest
Section 6: Procurement Plan to be Prepared
Section 105: Provisions relating to meetings of the Council
Section 142: Don’t work in the Insurance Business
Section 44: Allotment of Shares
Section 68: Method of Communication
Section 82: Special provisions relating to treatment of occupational disease
Section 48: Term of Office of the Director
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