Section 78: License to be Obtained from Bank

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1) Commercial Banks and financial institutions shall, in order to conduct banking and financial transactions, obtain a license from the Bank as prescribed.

2) While issuing a license pursuant to sub-section (1), the Bank may fix necessary terms and conditions, and it shall be the duty of the licensed bank and financial institution to abide by such terms and conditions.

Tagged:
nepal law
nepal rastra bank act

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Section 37: Negotiations with the Proponent
Section 130: Observance of discipline and duties
Section 17: Provisions relating to labour to be applicable
Section 9: Formation of Specialised Cooperative Association
Section 112: Final Report to be Submitted
Section 74: Consultation on the Matter of Law Reform
Section 105: Provisions relating to meetings of the Council
Section 144: Notice to be given
Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 101: Making application in convenient Office
Section 36: No Impediment to Prosecuting Cases in Accordance with Prevailing Law
Section 27: Power to Refuse Prior Approval
Section 25: Evaluation of Bids
Section 36: Entitlement to annual increment in remuneration (grade)
Section 138: Fineable
Section 8: Electronic Commerce Payments
Section 92: Deemed to be unfair labour practice
Section 2: Definitions
Section 95: Inspection and Checking of Accounts
Place and date of commencement of the remaining Sections of the Foreign Exchange (Regulation) Act, 2019
Section 68: Reserve Fund
Section 23: Values, norms and principles of cooperative to be complied with
Section 164: Decision may be made by the Labour Court
Section 60: Public Notice of Procurement Contract
Section 104: Collection of Data
Section 121: Provisions concerning Employees of Management Committee
Section 6A: Preparation of Exiting List
Section 176: Special powers of the Ministry
Section 143: Special Provision Related with The Insured
Section 180: This Act not to apply
Section 6: Prohibition on discrimination
Section 127: Person Entitled to Get Payment
Section 28: Two-Stage Bidding
Section 106: Fixation of minimum remuneration
Section 13: Provision relating to probation period
Section 152: Repeal and Saving
Section 135: Authority May Give Direction to Withold Payment of Insurance or Revoke the Insurance Policy
Section 9: Not to misuse banking resources, means and assets
Section 14A: Not to carry out Dhukuti transactions
Section 168: Power to Frame Rules
Section 1: Short title and commencement
Section 118: Settlement through mediation
Section 27: Remuneration, conditions of service, benefits of and other provisions relating to foreign labours
Section 49: Accumulation of leave
Section 40: Directives may be given to call an Extraordinary General Meeting
Section 90: Provisions concerning Liquidation
Section 54: Functions of Cooperative Bank
Section 169: Procedure relating to service of notice
Section 38: Measures to Implement the Act
Schedule
Section 30: Provisions relating to overtime
Section 39: Meeting General Meeting
Section 55: Price Adjustment in Procurement Contract
Section 86E: The Reformative Measures and Power to be Used by the Bank or the Official Appointed by the Bank
Section 28: To be governed as per the prevailing laws
Section 130: Government of Nepal to be a plaintiff
Section 17: Punishment
Section 37: May order capital reduction
Chapter-2 Establishment of Authority and Its Functions, Duties and Power
Section 17: Time and limitation for the Lodgement of First Information Report
Section 3: Establishment of the Authority
Section 30: Membership of Organisation
Section 6: Formation of Provincial Sectoral Cooperative Association
Section 91: License to Insurance Mediators
Section 88: Establishment of Credit Information Centre
Section 47: Formation of Board of Directors
Section 9: Payment of Price of the Exported Goods
Section 34: Termination of membership
Section 115: Management Committee may write to take action
Section 87: Provisions concerning Amalgamation and Division
Section 79: Regulatory Powers of the Bank
Section 32: Power to Give Directions
Section 5: Registration Required
Section 3A: Power of Bank to Take Action
Section 9: Tenure of Chairperson and Members
Section 59: Account of Issued Currency
Section 47: Application May be Filed Before the Chief of Public Entity
Section 167: Pursuant to this Act
Section 70: Cooperative Promotion Fund
Section 42: Allocation of net loss
Section 62: Revocation, suspension of license or fine
Section 114: Application may be made to the Office
Section 26: Functions of National Cooperatives Federation
Section 75: Repeal and Amendment
Section 11: Prohibition on employment without entering into employment contract
Section 151: Formation of Labour Court
Section 161: Appeal to the Supreme Court
Section 93: Functions, duties and powers
Section 94: Delegation of Authority
Section 55: Accidental insurance to be made
Section 14: Inspection
Section 86D: Effect of the Control of the Bank on any Commercial Bank or Financial Institution
Section 23: Examination of Bids
Section 174: Delegation of authority
Section 41: Provision for Direct Procurement
Section 66: Foreign Exchange Reserve
Section 165: Provide Expert Services
Section 131: Authority to adjudicate a case
Section 97: To render necessary assistance
Section 15: International Level Bidding
Section 123: Settlement of Insurance Claim
Section 16: Appointment of the Deputy Governor
Section 82: Information to be Furnished to Bank
Section 59: Technical or Management Service Agreement
Section 91: Annual Report
Section 21: Disqualification of the Directors
Section 170: Implementing Guidelines and Procedures
Section 85: Exchange of Mutual Cooperation
Section 19: Remuneration and Other Benefits to the Directors
Section 12: Personal Information Must be Kept Confidential
Section 6: Formation of the Board
Section 41: Allocation of net profit
Section 106: Notice of the Work
Section 45: Operation of Open Market Transaction
Section 34: Audit Committee
Section 14: Application to be Submitted for Registration
Section 80: Reinsurance Required
Section 56: Management of Insurance Company
Section 35: List to be Published
Section 29: Not to compel to work overtime
Section 10: Not to acquire assets or open account by borrower who has over dues
Section 26: Prior approval required
Section 103: Stabilisation Fund
Section 32: Prohibition on Vested Personal Interest
Section 86G: Can be Subject of Resolution
Section 65: Functions, Duties and Powers of Public Procurement Monitoring Office
Section 74: To form safety and health committee
Section 2: Definitions
Section 105: Trust Accounts
Section 23A: Standards to be Followed
Section 138: Punishment may be remitted
Section 5: Formation of District Cooperative Association
Section 65: To make inspection, supervision and monitoring
Section 103: Special Administration/Management Team
Section 28: Right to File a Complaint
Section 117: Liquidation of Insurance Company
Section 51: Reference interest rate may be determined
Preamble
Section 18: Engagement in work as trainee labour
Section 106B: Expert Service to be Provided
Section 5: Function, Duties and Powers of the Bank
Section 110: Power to Frame Rules and Bylaws
Section 4: Establishment of An Electronic Platform
Section 3: Formation of Organisation
Section 14: Obligations of the Intermediary Practitioner
Section 24: Restriction on Insurance Business without license
Section 50: Method of Review
Section 112: Notice to be given for submission of liabilities
Section 75: Micro Insurance is Required
Section 37: Professional Code of Conduct and Official Responsibility
Section 16: Permission of the Bank to be Obtained to Open an Account
Section 88H: Bridge Institution or Unit May be Established
Section 4: Formation of District Sectoral Cooperative Association
Section 87: Establishment of Information Network
Section 38: Procurement Contract to be Concluded
Section 90: Work should not be done without a license
Section 101: Cooperative Savings and Credits Security Fund
Section 68: Possession of Property Prohibited
Section 101: Procedures for Pecuniary Penalty and Punishment
Section 100: Labour audit to be made
Section 44: Allotment of Shares
Section 66: Provision Concerning Procurement to be Made in Special Circumstances
Section 28: Meeting of the Board
Section 22: Grounds for Removal of the Directors from Office
Section 3: Electronic Trading May be Carried Out
Section 88I: Sequence of Priority of Payment
Section 122: Arbitral award and collective agreement to be binding
Section 11D: Power to Search Building or Place of Transaction
Section 5A: Approval to be Made
Section 66: Liability of labours to rest on the main employer
Section 16: Seller’s Liability
Section 30: Functions, Duties and Powers of the Governor
Section 24: Existing Licenses
Section 154: Proceeding against contempt of court
Section 3: License to be Obtained to Carry on Foreign Exchange Transaction
Section 29: Regulation may be framed
Section 132: Statutory Limitation to file a complaint
Section 44: Directors not to continue to hold the office
Section 34: Entitlement of labours to remuneration
Section 83: Accounts to be maintained accurately
Section 29: Coordination Required
Section 170: Fixation of basic remuneration
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Section 78: License to be Obtained from Bank

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