Section 86A: Commercial Banks and Financial Institutions to Provide Information to the Bank

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A commercial bank or financial institution shall inform the bank within fifteen days about the situation of insolvency or state of dissolution under the prevailing law, or incapability to pay the debt, or being materially unable to discharge any or all liabilities by any commercial bank or financial institution.

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nepal law
nepal rastra bank act

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Preamble
Section 14: Obligations of the Intermediary Practitioner
Section 163: International Aid and Relation
Section 167: Power of the Office to have execution of decisions
Section 63: Provisions concerning sale and withdrawal of shares
Section 151: Formation of Labour Court
Section 74A: May Formulate Technical Guidance, Procedures and Directives
Section 140: Termination of time-based and work-based employment
Section 78: License to be Obtained from Bank
Section 143: Employment may be terminated on the ground of health
Section 27: Acceptance of Bid and Procurement Contract
Section 44: Allotment of Shares
Section 27: Power to Refuse Prior Approval
Section 117: To hold negotiations on collective claims, demands
Section 155: Insurance Information Centre
Section 38: Functions, Duties and Powers of Annual General Meeting
Section 59: Termination of Procurement Contract and Remedy Therefor
Section 69: Duties of employer towards labour
Section 51: Reference interest rate may be determined
Section 6: Disclosure of Details
Section 170: Implementing Guidelines and Procedures
Section 71: Deposit Collection
Section 65: Functions, Duties and Powers of Public Procurement Monitoring Office
Section 168: Power to impose punishment in the event of non-execution of judgment, compromise or agreement
Section 136: Authority imposing punishment
Section 69: Secured Capital Redemption Fund
Section 9: Formation of Specialised Cooperative Association
Section 110: To be deputed as representative
Section 3B: Other Provisions Relating to Foreign Exchange Transactions
Section 66: Provision Concerning Procurement to be Made in Special Circumstances
Section 164: The Government of Nepal may Issue Directives
Section 146: Resumption of operation
Section 105: Official to be Suspended
Section 21: Provisions relating to social security
Section 78: Claim of Micro-Insurance
Section 80: Provisions concerning Blacklist
Section 142: Employment may be terminated on the ground of incompetence
Section 124: Punishment
Section 20: No Exemption from Liability
Section 14: Information to be provided to the Authority
Section 66: Security of Government of Nepal may be obtained
Section 116: Recommendation may be made
Section 12A: Not to make any Fraudulent Activities to Bank and Financial Institutions and Cooperatives
Section 91: Annual Report
Section 14: Application to be Submitted for Registration
Section 72: Records to be maintained
Section 3: Electronic Trading May be Carried Out
Section 19: Working Area of Association and Cooperative Bank
Section 101: Cooperative Savings and Credits Security Fund
Section 47: Remuneration need not be paid
Section 47: Application May be Filed Before the Chief of Public Entity
Section 94: Renewal of License of Insurance Intermediaries
Section 99: Foreign Insurance Company shall inform to the Authority
Section 15: Power of the Government of Nepal to Give Directives
Section 42: Assets to be maintained more than liabilities
Section 105: Provisions relating to meetings of the Council
Section 33: May become members
Section 11C: Power to Stop and Search Motor Vehicle
Section 9: Right to remedy
Section 50: Discount Rate and Rate of Interest for Refinance
Section 152: Repeal and Saving
Section 70: Consultation and Information Relating to External Debt
Section 41: Provision for Direct Procurement
Section 144: Encouragement may be given
Section 74: Obtained Approval While Selling Assets
Section 33: Arrangement for transportation to be made
Section 132: Details to be Provided
Section 24: Non-Procession of Bids
Section 27: Bylaws to be framed
Section 156: Establishment of Insurance Institutions
Section 9: Procurement to be Made by Inviting Open Bid
Section 171: Special provisions relating to managers and managerial level labours
Section 88K: Actions Prior to the Commencement of the Action Relating to Resolution to be Inactive
Section 1: Short title and commencement
Section 26: Functions of National Cooperatives Federation
Section 40: Provision Relating to Sealed Quotation
Section 135: Authority May Give Direction to Withold Payment of Insurance or Revoke the Insurance Policy
Section 139: Financial Assistance to be provided
Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 60: Submission of details by licensee
Section 49: Qualifications of Directors
Section 11I: To Give Receipt
Section 53: To receive gratuity
Section 24: Resignation by Director
Section 177: Labour coordination committee
Section 147: Compulsory retirement
Section 87: Audit of Insurer
Section 14: Formation of the Board
Section 141: Punishment
Section 25: Evaluation of Bids
Section 26: Rejection of Bids or Cancellation of Procurement Proceedings
Section 56: Provision Concerning Extension of Contract Period
Section 76: To stop work in the case of immediate danger
Section 28: Working hours
Section 12: Vacancy in the office of Chairperson or Member
Section 112: Performance evaluation of labours by enterprise
Section 10: Coordination with Public Bodies
Preamble
Section 23: Constitution, Functions and Duties of Inquiry Committee
Section 75: Micro Insurance is Required
Section 11: No Association may be Formed
Section 18: Liability Relating to Transportation
Section 29: Amendment to Bylaws and Internal Procedures
Section 75: Repeal and Amendment
Section 16: Clarification as to Unclear Matter on Bidding or Pre-Qualification Documents
Section 70: The Insurance Appraisal
Section 29: Granting License
Section 44: Sick leave
Section 61: Conduct of the Official Involved in Public Procurement Proceedings
Section 46: Compulsory Deposit of Commercial Banks and Financial Institutions
Section 157: Collection of Statistics
Section 35: Function, Duties and Powers of the Audit Committee
Section 18: Method of Submission of Bids
Section 44: Monetary Policy
Section 118: Terms and conditions of services of chairperson and members of Management Committee
Section 74: Consultation on the Matter of Law Reform
Section 118: Settlement through mediation
Section 110: To be borne from Assets of Organisation or Association
Section 74: To form safety and health committee
Section 34: Deemed to Have Been Done by the Entrepreneur Himself
Section 11F: Power to Hold in Detention
Section 11G: Prohibition on Divulgence of Secrecy
Section75: Saving from action
Section 61: Type of Insurance Business
Section 148: No Hindrance to take actions according to prevailing laws
Section 105: Formation of Management Committee
Section 23: Repeal
Section 100: Regulation Fee
Section 36: No Impediment to Prosecuting Cases in Accordance with Prevailing Law
Section 127: Double Fine to be imposed
Section 50: Computation of year
Section 48: Formation of Accounts Supervision Committee
Section 68: International Clearing and Payment Agreements
Section 134: Power to suspend
Section 82: Special provisions relating to treatment of occupational disease
Section 77: Restriction on Rate of Interest
Section 7: Functions not to be Carried out by the Bank
Section 53: Amendment to Procurement Contract
Section 133: Appeal may be filed
Section 134: Power of The Authority
Section 54: Functions of Cooperative Bank
Section 74: Power to Make Rules
Section 145: Limitation for Complaint
Section 70: Legal Documents to be Kept on Website
Section 29: Consultancy Services May be Procured
Section 4: Description of Goods, Construction Works and Services to be Prepared
Section 148: Payment of benefits
Section 34: Opening of Financial Proposal
Section 104: Collection of Data
Section 44: Construction Works May be Caused to be Carried Out by the Users Committee or Beneficiary Community
Section 56: Provisions on Exchange of Currency
Section 46: Birth registration certificate to be submitted
Section 76: Incorporation of Insurance Company for Micro Business Only
Section 45: Prospectus and Issue of Shares
Section 147: Prevailing law relating to companies not to apply
Section 55: Prohibition on Disbursing Credit
Section 38: Procurement Contract to be Concluded
Section 170: Fixation of basic remuneration
Section 16: Registration may be Denied
Section 146: Recovery to be made as government due
Section 93: Submission of Report to Government of Nepal
Section 64: Particulars of Foreign Exchange Transactions
Section 16: Trainees may be engaged in work
Section 6: Formation of the Board
Section 158: Not being held accountable for actions done with good intentions
Section 19: Part-time employment
Section 45: Directors may be removed from Office
Section 107: Inventory to be prepared
Section 19: Remuneration and Other Benefits to the Directors
Section 168: Power to Frame Rules
Section 85: Audit Committee of Insurer
Section 159: To forward the matter to the body having jurisdiction
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