Section 80: Banking and Financial System and Credit Control

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The Bank may issue directives from time to time to commercial banks and financial institutions on the banking and financial system, currency and credit. It shall be the duty of commercial banks and financial institutions to abide by such directives.

Tagged:
nepal law
nepal rastra bank act

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Preamble
Section 82: Provisions related to re-insurance contracts
Section 18: Liability Relating to Transportation
Section 65: Dealing in Foreign Exchanges
Section 6: Formation of the Board
Section 24: Work permit may be issued
Section 3: To remain as minimum standards
Section 43: Provision Relating to Renting House and Land and Obtaining Service on Contract
Section 47: Formation of Board of Directors
Section 10B: Provisions Relating to Lending and Borrowing of Loans in Foreign Exchange
Section 95: Powers, functions and duties of inspector
Section 64: Provisions Concerning Withdrawal of Amount and Operation of Accounts
Section 9: Payment of Price of the Exported Goods
Section 11: Prohibition on employment without entering into employment contract
Section 11B: To Search for Suspicious Person
Section 38: Procurement Contract to be Concluded
Section 85: Exchange of Mutual Cooperation
Section 60: Able to create a whistleblowing policy
Section 89: Provisions relating to seasonal enterprises
Section 90: Provisions concerning Liquidation
Section 108: Provisions After the Achievement of Improvement in Condition of the Insurer
Section 19A: Special investigation team may be formed
Section 89: Appointment of a Liquidator
Section 81: Re-Insurance Business
Section 139: Security of employment
Section 54: Functions of Cooperative Bank
Section 104: Office of member of the Council to be vacant
Section 52A: Provisions Relating to Advance Payment
Section 66: Liability of labours to rest on the main employer
Section 13: Prohibition on Entering into Contract in Contravention of the Objective of This Act
Section169: Enact and Enforce Regulations
Section 127: Remuneration for strike or lock-out period
Section 27: To be considered ineligible
Section 7: Functions not to be Carried out by the Bank
Section 142: Don’t work in the Insurance Business
Section 33: Evaluation of Technical Proposal
Section 111: Guidelines to be Framed and Implemented
Nepal Rastra Bank Act, 2058
Section 35: Facilities not to be entitled to
Section 57: Prohibition of Purchase of Goods with Commercial Objectives
Section 107: No Responsibility for Acts Done in Good Faith
Section 28: To be governed as per the prevailing laws
Section 173: Increment of insurance amount
Section 58: Functions, Duties and Power of Chief Executive
Section 171: Special provisions relating to managers and managerial level labours
Section 159: Submission of Report to Government of Nepal
Section 15: Responsibilities of Traders Carrying Out E-Commerce Based on the List
Section 21: Disqualification of the Directors
Section 143: Settlement of Disputes
Section 86C: Bank to Take Action Against Problematic Commercial Bank or Financial Institution
Section 2: Definitions
Section 117: Report to be submitted
Section 156: Establishment of Insurance Institutions
Section 32: Can open a branch office
Section 113: Insurance Business May Be Transferred
Section 34: Cancellation of License
Section 24: Existing Licenses
Section 100: Labour audit to be made
Section 24: Non-Procession of Bids
Section 95: Cancellation of License
Section 131: Misconduct and punishment
Section 131: Authority to adjudicate a case
Section 38: Functions, Duties and Powers of Annual General Meeting
Section 102: Formation of Central Labour Advisory Council
Section 4: Establishment of An Electronic Platform
Section 11: Export and Import May be Carried Out
Section 42: Substitute leave
Section 31: Soliciting Proposals
Section 29: Not to compel to work overtime
Section 45: Directors may be removed from Office
Section 90: Work should not be done without a license
Section 3: Not to open an account or demand cash payment in an unauthorised manner
Section 110: Recommendation for Improving Financial Condition of the Insurer
Section 53: Measurement, Weights and Size of Coins
Section 60: Currency Recall or Withdrawal
Section 57: Payment of Bill or Invoice
Section 70: Legal Documents to be Kept on Website
Section 25: Government of Nepal to be the plaintiff
Section 29: Amendment to Bylaws and Internal Procedures
Section 181: To frame and implement directives and procedures
Section 103: Functions, duties and powers of the Council
Section 92: Qualifications of Insurance Mediators
Section 167: Power of the Office to have execution of decisions
Section 23: Examination of Bids
Section 44: Directors not to continue to hold the office
Section 84: To be sent for freezing
Section 22: Provisions relating to Delivery of Notice
Section 9: Right to remedy
Section 7: Deemed to be a Contract
Section 97: Government of Nepal to be Plaintiff
Section 39: Other Provision for Consultancy Services
Section 10: Types of employment
Section 132: Details to be Provided
Section 129: To refer for investigation
Section 140: Termination of time-based and work-based employment
Section 91: License to Insurance Mediators
Section 156: Power to order payment of interest
Section 116: Recommendation may be made
Section 46: Restriction on sold, mortgaged, or transferred
Section 16: Meeting of the Board
Section 131: Operation and Management of Insurance in Province
Section 45: Maternity leave
Section 95: Acts Deemed to be Offences Under this Act
Section 149: Power to frame Rules
Section 93: Functions, duties and powers
Section 77: Restriction on Rate of Interest
Section 28: Application to be made
Section 100: Annual Report to be submitted
Section 3: Establishment of the Authority
Section 98: To Regulate, Inspect and Monitor
Section 42: Election of Board
Section 57: Social security scheme to be applicable
Section 91: To observe fair labour practice
Section 19: Proceedings may be initiated by detaining into the custody
Section 68: Method of Communication
Section 4: Description of Goods, Construction Works and Services to be Prepared
Section 138: Fineable
Section 6: Not to obtain or make payment by way of abuse or unauthorised use of electronic means
Section 32: Fixation of working hours
Section 13: Operation of Accounts
Section 18: Government to be the plaintiff
Section 110: Power to Frame Rules and Bylaws
Section 86H: Decreasing the Capital of Problematic Commercial Bank or Financial Institution
Section 8: Privileges and Facilities to the Bank
Section 4A: Provisions Relating to Foreign Exchange Obtained by Citizens of Nepal
Section 132: Prohibition of sexual harassment
Section 86D: Effect of the Control of the Bank on any Commercial Bank or Financial Institution
Section 113: Audit Report to be prepared
Section 11: Oath to be taken
Section 129: Complaint Regarding Loss or Damage
Section 144: Encouragement may be given
Section 63: Management of Foreign Exchange
Section 44: Construction Works May be Caused to be Carried Out by the Users Committee or Beneficiary Community
Section 59: Nepal Rastra Bank may take over Management
Section 135: Authority May Give Direction to Withold Payment of Insurance or Revoke the Insurance Policy
Section 75: Micro Insurance is Required
Section 3: Formation of Organisation
Section 64: Insurance Premium
Section 109: Transfer may be made
Section 107: Preparation of New Financial Statements
Section 144: Punishment for those who oppose obstacles
Section 70: Cooperative Promotion Fund
Section 8: Electronic Commerce Payments
Section 6: Power of Government of Nepal to Obtain Foreign Exchange
Section 136: Suspension of License or Ban of Insurance Business
Section 137: Revocation (Cancellation) of License of the Insurer
Section 73: Investment in Subsidiary Company
Section 111: Formation of labour relation committee
Section 166: Decisions to be executed
Section 28: Two-Stage Bidding
Section 19: Document to be Void
Section 86F: Power of the Bank for Corrective Action
Section 136: Authority imposing punishment
Section 47: Dissolution of Board
Section 82: Credits Recovery Tribunal
Section 52: Limit of Personal Saving
Section 2: Definition
Section 99: Fine for Violation of the Bank’s Regulation
Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 78: Claim of Micro-Insurance
Section 160: Procedures of the cases
Section 106: Notice of the Work
Section 23: Audit Committee
Section 106: Fixation of minimum remuneration
Section 98: Ministry to conduct Inspection and Monitoring
Section 41: Allocation of net profit
Section 14: Invitation to Bids
Section 144: Notice to be given
Section 25: Language of the contract
Section 21: Transaction, Business, Industries, or Project may be operated
Section 151: Insurance Development Fund
Section 85: Preference to be accorded
Section 69: Duties of employer towards labour
Section 70: Consultation and Information Relating to External Debt
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Section 80: Banking and Financial System and Credit Control

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