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 62: Insurance Contract
Section 14: Continuity of existence of the employment relationship despite change in ownership
Section 21: Transaction, Business, Industries, or Project may be operated
Section 2: Definitions
Section 12: Vacancy in the office of Chairperson or Member
Section 141: Employment may be terminated voluntarily
Preamble
Section 102: Filing Appeals
Section 74: Power to Make Rules
Section 59: License to be obtained
Section 23: Punishment
Section 32: Opening of proposals
Section 61: Reproduction and Counterfeiting of Currency
Section 40: Weekly leave
Section 106: Notice of the Work
Section 167: Power of the Office to have execution of decisions
Section 53: Functions, Duties and Powers of the Board
Section 27: Bylaws to be framed
Section 38: Insurance Fund
Section 124: Punishment
Section 125: Settlement of Small Amount Claim
Section 87: Provisions concerning Amalgamation and Division
Section 140: Termination of time-based and work-based employment
Section 65: To make inspection, supervision and monitoring
Section 126: Employment contract not to be violated
Section 70: Duties of employer towards non-labour
Section 110: To be borne from Assets of Organisation or Association
Section 8: Procurement Method to be Selected
Section 183: Repeal and saving
Section 13: Provision relating to probation period
Section 114: Insurer May Merge or be Amalgamated
Section 156: Power to order payment of interest
Section 24: Restriction on Insurance Business without license
Section 149: Labours to get first priority
Section 150: To issue the certificate of experience
Section 9: Formation of Specialised Cooperative Association
Section 36: Entitlement to annual increment in remuneration (grade)
Section 6: Not to obtain or make payment by way of abuse or unauthorised use of electronic means
Section 42: Election of Board
Section 23: Repeal
Section 21: Disqualification of the Directors
Section 30: Functions, Duties and Powers of the Governor
Section 2: Definition
Section 79: Regulatory Powers of the Bank
Section 171: Act Implementation Measurement
Section 49: Functions, duties and powers of Accounts Supervision Committee
Section 36: General Meeting
Section 31: Delegation of powers
Section 10: Restriction on Export and Transmission of Securities
Section 86: Appointment of Auditor of Insurer
Section 55: Accidental insurance to be made
Section 19: Prohibition of Engaging in Improper Commercial or Business Activities
Section 149: Power to frame Rules
Section 136: Authority imposing punishment
Section 79: To give information
Section 22: Opening of Bids
Section 49: Qualifications of Directors
Section 66: Provision Concerning Procurement to be Made in Special Circumstances
Section 13: Functions Duties and Powers of the Chairperson
Section 94: Delegation of Authority
Section 5: Cost Estimate to be Prepared
Section 73: Details to be made available
Section 28: To be governed as per the prevailing laws
Section 65: Group Insurance Fund
Section 173: Increment of insurance amount
Section 6: Formation of the Board
Section 15: Power of the Government of Nepal to Give Directives
Section 21: Provisions relating to social security
Section 1: Short Title, Extension and Commencement
Section 35: Function, Duties and Powers of the Audit Committee
Section 14: Information to be provided to the Authority
Section 42: Assets to be maintained more than liabilities
Section 38: Measures to Implement the Act
Section 80: Banking and Financial System and Credit Control
Section 86H: Decreasing the Capital of Problematic Commercial Bank or Financial Institution
Section 143: Settlement of Disputes
Section 51: Discontinue to hold the office of Director
Section 131: Authority to adjudicate a case
Section 5: Restriction on Export and Import of Certain Currency and Bullion
Section 182: Powers to frame rules
Section 29: Not to compel to work overtime
Section 44: Directors not to continue to hold the office
Section 60: Currency Recall or Withdrawal
Section 65: Loans or Grants may be obtained
Section 23: Notice to be published
Section 24: Investigation and Filing of Cases
Section 12: Personal Information Must be Kept Confidential
Section 160: Delegation of Authority
Section 108: Provisions concerning Payment of Liabilities
Section 3: Establishment of the Bank
Section 15: Appointment of the Governor
Section 153: Powers of Labour Court
Section 42: Special Provision Relating to Ration Procurement
Section 47: Failure to Maintain Compulsory Deposit
Section 81: To engage in easier work
Section 14: Formation of the Board
Section 14B: Not to carry out banking transactions in an illegal manner
Section 4: Prohibition on employing in forced labour
Section 124: Payment of Re-insurance Claim
Section 101: Insurer Deemed to be Problematic
Section 86D: Effect of the Control of the Bank on any Commercial Bank or Financial Institution
Section 17: Punishment
Section 119: Cooperative may be sought
Section 74: Consultation on the Matter of Law Reform
Section 131: Operation and Management of Insurance in Province
Section 35: May Grant Exemptions, Facilities, or Concessions
Section 49: Application May be Filed Before the Review Committee
Section 57: Appointment of the Executive Director
Section 88H: Bridge Institution or Unit May be Established
Section 22: Liabilities to be limited
Section 61: Obligations of labour supplier
Section 23: Examination of Bids
Section 77: Direction to stop the work
Section 2: Definitions
Section 7: Responsibility Towards Procurement Activities
Section 26: Functions of National Cooperatives Federation
Section 21 Deemed to Have Committed an Offense
Section 93: Responsibilities of Insurance Intermediaries
Section 24: Existing Licenses
Section 53: Measurement, Weights and Size of Coins
Section 84: Provisions relating to tea-estate labours
Preamble
Section 9: Tenure of Chairperson and Members
Section 140: Offence
Section 3: Establishment of the Authority
Section 111: Guidelines to be Framed and Implemented
Section 14: Inspection
Section 117: To hold negotiations on collective claims, demands
Section 86A: Commercial Banks and Financial Institutions to Provide Information to the Bank
Section 105: Official to be Suspended
Section 92: Auditing
Section 8: Privileges and Facilities to the Bank
Section 117: Report to be submitted
Section 4: Objectives of the Bank
Section 38: Confidentiality
Section 3: Not to open an account or demand cash payment in an unauthorised manner
Section 145: Limitation for Complaint
Section 143: Special Provision Related with The Insured
Section 90: Account System
Section 88D: Power to be Automatically Suspended During the Period of Resolution
Section 118: Terms and conditions of services of chairperson and members of Management Committee
Preamble
Section 2: Definitions
Section 62: Liquid Assets to be maintained
Section 61: Type of Insurance Business
Section 10: Formation of Federation of National Cooperatives
Section 17: Cooperative Organisation to be a Corporate Entity
Section 139: Procedures of Taking Actions
Section 25: Language of the contract
Section 40: Catastrophic Fund
Section 108: Oath of Office
Section 21: Claim or Complaint Not to Lie
Section 157: Case may be compromised
Section 39: Remuneration for reserve period
Section 19: Remuneration and Other Benefits to the Directors
Section 1: Short title and commencement
Section 24: Issuance of order for creating encumbrances over the assets of a foreign individual
Section 11I: To Give Receipt
Section 45: Directors may be removed from Office
Section 55: Issuance of Currency and Security
Section 37: Professional Code of Conduct and Official Responsibility
Section 18: Liability Relating to Transportation
Section 38: Functions, Duties and Powers of Annual General Meeting
Section 40: Directives may be given to call an Extraordinary General Meeting
Section 16: Clarification as to Unclear Matter on Bidding or Pre-Qualification Documents
Section 60: Able to create a whistleblowing policy
Section 58: Labours may be employed through supplier
Section 74B: Right to Remove Obstacles
Section 46: Restriction on sold, mortgaged, or transferred
Section 115: Management Committee may write to take action
Section 37: May order capital reduction
Section 84: Preparation of Financial Statements
Section 103: ………………….
Section 66: Security of Government of Nepal may be obtained
Section 25: Government of Nepal to be the plaintiff
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 33: Management Committee
Section 34: Termination of membership
Section 14: Invitation to Bids
Section 137: Social Audits may cause to be conducted
Section 114: Application may be made to the Office
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Section 34: Audit Committee

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