: (1) During the monitoring according to section 45, if it is found that any secured member institution has provided incomplete or false information to the fund with the intention of evading or not paying the deposit protection fee or by any other means incomplete or false information in the fund with the intention of evading or not paying the deposit protection fee. If the information provided is found, the fund may try to defraud such protected member organization or fine the amount equivalent to the security fee that has not been paid.
(2) The fine imposed by the fund in accordance with sub-section (1) shall be paid by such protected member organization within the next security fee payment period.
(3) In the event that a protected member institution fails to meet the capital adequacy ratio set by Nepal Rastra Bank, it may impose an additional penalty of zero.2 percent on the annual protection fee set by the fund.
(4) Additional fines in accordance with sub-section (3) shall be made on the basis of the financial statement submitted by the protected member organization in accordance with section 26 and the certified capital statement of the respective protected member organization by Nepal Rastra Bank.