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Section 62
Automatically converted into fund
: Deposit and Credit Protection Corporation (Pvt.) Ltd. established as per Companies Act, 2063. This Act shall automatically be deemed to have been converted into a fund after its commencement.
Deposit and Debt Saucracy Act, 2073
Preamble - 0
Chapter - 4
Section 14: Membership of the secured member organization Section 15: Procedures and Procedures for Obtaining Membership of Secured Member Institutions Section 16: Information to be given Section 17: Non-Continuance of Membership of a Protected Member OrganizationSection 18: In case of merger or consolidation of the protected member organization Section 19: Protection of depositsSection 20: Not deemed to be secured Section 21: Provisions relating to Annual Security ChargesSection 22: Arrangements related to initial contribution Section 23: Arrangements related to special contribution Section 24: automaticallySection 25: Late fee chargedSection 26: Information and data to be submitted to the fund Section 27: Electronic register should be kept Section 28: Financial statements to be provided
Chapter - 5
Section 29: Obligations related to deposit protection Section 30: Grant of deposit Section 31: Claim payment process Section 32: Payment of Claims of Unfound DepositorsSection 33: Procedure for the fund to receive research contribution Section 34: Can appoint an agent or trustee Section 35: Rights of the FundSection 36: Non-payment by the fund Section 37: Arrangements related to loan protection
Chapter - 6
Chapter - 9
Section 53: The Fund and the Nepal Rastra Bank will coordinate Section 54: Delegation of powers Section 55: Arrangements related to exchange of assistance Section 56: Authority to give instructionsSection 57: ConfidentialitySection 58: Actions not invalidated Section 59: Defense for actions done in good faith Section 60: Report to be submitted Section 61: Contact with the Government of Nepal Section 62: Automatically converted into fund Section 63: Ability to dissolve the fund Section 64: To be in accordance with this Act Section 65: Power to make rules Section 66: Power to make regulations Section 67: Creating and implementing guidelines and procedures Section 68: Save