Banks And Financial Institutions Act, 2063 (2006

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Section 55
Loan disbursement arrangements

(1) A bank or a financial institution shall provide loans only after disclosing the purpose, subject to the instructions of the National Bank and the credit policy determined by the Board of Directors. And the loan shall be granted in such a way as to protect the interest of the depositor. (3) In order to cancel or suspend the registration or filing in the name of a bank or financial institution so that the property taken for the security of the loan cannot be canceled or transferred in the name of any person from any business. The bank or financial institution shall send a written notice to the relevant office. (4) If a written request is received for registration, cancellation or suspension of the filing in accordance with sub-section (3), the relevant office shall give the registration, cancellation or suspension of the registration in accordance with the written request. (5) If the National Bank instructs to provide loans to the priority classes and areas for the economic upliftment of low-income and underprivileged people and residents living in a specific geographical area, banks and financial institutions shall provide loans accordingly. The terms, terms and interest of the loan taken from the financial institution shall be as stated in the document or agreement related to the loan transaction. or any other type of ownership, the family of all the mentioned persons and the details of all the persons mentioned and if they are beneficiaries anywhere, the bank or financial institution shall also take the necessary identification proof in case of taking action according to the prevailing law. (8) When the bank or financial institution grants a loan to the borrower The amount of loan provided and the amount of interest, damages and the schedule to be paid should be clearly disclosed in the document or contract and the information should be given to the debtor and the guarantor if there is a guarantor. (9) DebtorHe can demand the details of the loan principal, interest, damages and other charges and the documents related to the loan and the bank or financial institution must provide such details to the borrower.
Banks And Financial Institutions Act, 2063 (2006
Chapter - 4
Section 18: Disqualification of operatorSection 27: Delegation of authoritySection 28: Director's Allowance and BenefitsSection 29: Appointment and condition of service of the Executive ChiefSection 14: Formation of Board of DirectorsSection 15: Director's TermSection 16: Operator QualificationSection 17: Eligibility of Independent DirectorSection 19: Inability to continue in the position of directorSection 20: Regarding the person holding the constitutional positionSection 21: Board of Directors MeetingSection 22: Functions, Duties and Powers of the Board of DirectorsSection 23: Accountability and Responsibilities of DirectorsSection 24: Details of directors to be obtainedSection 25: Owner information and recordsSection 26: which may constitute a subcommitteeSection 30: Duties, Duties and Powers of the Executive Chief
Chapter - 12
Section 79: Compulsory liquidation of a bank or financial institutionSection 80: Transaction will be suspendedSection 85: which can end the transactionSection 89: Meeting of CreditorsSection 90: Repeal PlanSection 91: which can be immediately delivered to the depositorSection 94: Preference of paymentSection 95: Unaccounted for item or amountSection 78: who can petition the court for the compulsory liquidation of a bank or financial institutionSection 81: Appointment of liquidatorSection 82: Duties, Duties and Powers of LiquidatorSection 83: Effect of order relating to revocationSection 84: Cost of assets and liabilitiesSection 86: Notice of submission of claimsSection 87: that the liquidator may accept or reject the claimSection 88: Classification of ClaimsSection 92: Right to sell assetsSection 93: Claim Dismissal NoticeSection 96: Decision of DismissalSection 97: Compulsory liquidation of banks or financial institutions doing business in more than one countrySection 98: Unclaimed
Chapter - 14
Section 119: Discounts and ConvenienceSection 107: Special Arrangements Regarding Infrastructure Development BankSection 108: Deposits should be protectedSection 109: to maintain banking privacySection 110: which may instruct the account to be withheldSection 111: Claim on depositSection 112: Details of unclaimed depositsSection 113: Deposits that can be paid or confiscatedSection 114: Charges will be made from the operatorSection 115: UnclaimableSection 116: The government of Nepal will be badSection 117: Transparency ArrangementsSection 118: Provisions related to protection of consumer interestsSection 120: Expense ManagementSection 121: Statement of assets required to be submittedSection 122: Debts, obligations and rights in debt securities can be bought and soldSection 123: Dispute resolutionSection 124: not to be held accountable for actions done in good faithSection 125: Actions will not be annulledSection 126: Study committees and sub-committees may be constitutedSection 127: SwearingSection 128: Amendment of Articles of Association and RegulationsSection 129: to be made under this ActSection 130: UnblockSection 131: Can issue orders or instructionsSection 132: who can make rules or regulationsSection 133: Power to make regulations and proceduresSection 134: Repeal and save