In this Act, unless the subject or context requires otherwise, - (a) "Court" shall mean the Commercial Bench of the Court appointed by the Government of Nepal with the consent of the Supreme Court and published in the Nepal Gazette. (b) "Chairman" shall mean the Chairman of the Board of Directors. And the term also refers to the Executive Chairman. (c) "License" means the license issued by the National Bank in the name of a bank or financial institution to carry out banking and financial transactions in accordance with this Act. shall mean banking and financial transactions licensed in accordance with the Act. (e) "licensed institution" shall mean a bank or financial institution licensed to conduct banking and financial transactions in accordance with this Act. (f) "said ownership" shall mean any person or An organization, alone or jointly with other persons or organizations, has taken two percent or more of the paid-up capital of any bank or financial institution, or has influence over the management of the bank or financial institution due to share ownership. (g) "Debtor" means a bank or financial institution. A person, firm, company or institution that takes a loan from an institution shall mean a person, firm, company or institution. or indirect guarantee, loan interest or other charge, re-loan, loan restructuring and renewal, surety issued for loan repayment and other commitments and the term also refers to any type of loan specified by the National Bank by publishing public notice. (i) "Executive" Chief" means the chief executive officer who is responsible for the operation of a bank or financial institution and the term also refers to the executive chairman and managing director who works as the chief executive of a bank or financial institution. (j) "Office" means the register of a bank or financial institution.Terd and central office and the term refers to the branch office of a bank or financial institution in Nepal and outside Nepal and also the branch office of a foreign bank or financial institution in Nepal. (k) "net worth" means the balance sheet of a bank or financial institution The total amount of remaining assets should be the amount that comes after deducting the external liabilities. (l) "Non-executive director" means the director other than the executive director who performs the daily work of the bank or financial institution. (d) "Current account" means when the customer wants It shall mean an account in which the amount kept in a bank or a financial institution is written in order to be able to withdraw it at any time. or the amount in the financial institution's balance sheet and outside the balance sheet of each title shall mean the total assets multiplied by the risk weight determined in the format prescribed by the National Bank. The bank shall mean the assets of the bank or financial institution determined from time to time as liquid assets. (d) "Prescribed" or "as prescribed" shall mean prescribed or prescribed in the rules or regulations made under this Act. (d) "Securities" shall mean the bank. or shares, stocks, bonds, debentures, debenture stocks or certificates related to collective investment schemes issued by financial institutions or organized institutions or certificates issued by the Government of Nepal or issued by organized institutions under the guarantee of the Government of Nepal, savings bonds or bonds shall mean transactions through the securities market It also refers to other securities specified by the Securities Board that can be acquired or transferred, or the power to buy, sell or exchange such securities.(N) "Deposit" means the amount deposited by the customer in the current, savings or term account of a bank or financial institution with or without interest, and by that term, the bank or financial institution shall refer to various banking services as determined by the National Bank from time to time. and also refers to the amount accepted through financial instruments. (p) "Deposit protection" means the protection of deposits and the protection of such deposits according to section 108. (f) "Officer" means the manager, chief executive, company secretary of a bank or financial institution (b) "Family" means the owner's husband or wife, son, daughter-in-law, daughter, adopted son, adopted daughter, father, mother, step-mother and brothers-in-law, brothers-in-law who have to be supported. And sisters should be considered. However, the word shall not refer to the members of the family who have separated and engaged in their own profession. "Capital fund" means the sum of the primary capital and supplementary capital of a bank or financial institution as specified by the National Bank and the term also refers to other funds or amounts specified by the National Bank from time to time. (y) "Infrastructure Development Bank" means the sub-section (5) ) shall mean an infrastructure development bank established to carry out financial transactions mentioned in .(r) "Promissory Note" means a letter written by a bank or a financial institution to accept a check, draft or bill of exchange for a certain amount of money payable to a person in the name of another bank or financial institution. (l) "Articles of Association" means the articles of association of a bank or a financial institution drawn up in accordance with prevailing laws relating to companies. (b) "Regular capital" means the paid-up capital, share premium, non-refundable preference shares, common reserve fund of a bank or financial institution. and shall mean the amount under the head of accumulated profit and loss and by that term the National Bank shall from time to time mean the primary capital(h) "acquiring institution" means the parent bank or financial institution that incorporates the licensed institution in accordance with this Act. (h) "acquisition" means an The licensed entity shall mean the act of incorporating all the assets and possible liabilities of another licensed entity in such a way that the legal status of the licensed entity is terminated and the term also refers to the act of accepting all the contractual obligations of the target entity prior to the merger with the acquiring entity. (c) "Savings Account" shall mean an account in which the amount deposited by the customer in a bank or financial institution for the purpose of savings is recorded. The term refers to a branch office of a foreign bank in Nepal, a branch office opened outside Nepal by a bank established in Nepal and an infrastructure development bank operating in accordance with sub-section (5) of section 49 and its branch office. (k) "Banking and financial transactions" means section 49 shall mean banking and financial transactions. (c) "Bonus share" shall mean the shares issued as additional shares to the shareholders by capitalizing the savings or other funds from the profit of the bank or financial institution and by that word the paid amount of the shares shall be capitalized by the savings or other funds. It also refers to the state of increase. (G) "Term Account" means a periodic account in which the amount deposited by the customer in a bank or financial institution for a certain period of time is generally not withdrawn. , 2058 shall be referred to. "Audit Committee" meansIt shall mean the audit committee as per section 60. (Kang) "Dividend" shall mean the cash dividend, interim dividend or bonus share given by the bank or financial institution in accordance with this Act and prevailing laws. (Kach) "Liquidator" shall mean the bank or financial institution. The person appointed according to the order of the court or the resolution passed by the meeting of creditors to carry out the work shall be considered as the person appointed according to the resolution passed by the meeting of creditors, and the word also refers to the office that performs the work of liquidation. (Cuz) "off-balance sheet transactions" means promissory notes, sureties, acceptances, commitments, foreign exchange related swaps, options, and advance transactions for which the bank or financial institution may incur liability. The term also refers to the transaction of instruments specified by the National Bank from time to time. (c) "Financial institution" means an organized institution established for banking and financial transactions as per sub-section (2), (3) or (4) of section 49 and the term It refers to a branch office in Nepal of a development bank, finance company, microfinance institution or foreign financial institution and also a branch office in a foreign country of a financial institution established in Nepal. or if the family of such a person or a person, company or organization having the right to nominate a director purchases shares of ten percent or more of the paid-up capital of any firm, company or organization separately or jointly, ten percent or more shares of such person or persons It means their interest in the institution they own, and the term also refers to the interest designated as financial interest by the National Bank from time to time considering the nature and condition of financial transactions. (cut) "Foreign bank or branch of financial institution" meansA branch office opened in Nepal for banking and financial transactions shall mean a branch of any bank or financial institution approved by the National Bank in accordance with this Act. Transactions of taking, paying, and transferring money are meant and the term refers to transactions through terminals, automated teller machines and cash dispensing machines, transactions through charge cards, debit or credit cards. "Branch office" means the branch, sub-branch, sub-branch, area, representative or contact office of a bank or financial institution in Nepal and outside Nepal and the branch or representative or representative of a foreign bank or financial institution in Nepal. Contact or any other office. (Kan) "Share" means the divided part of the share capital of a bank or financial institution. (Kat) "Shareholder" means a person who owns the shares of a bank or financial institution. means a member of the board of directors and the term also refers to the chairman of the board of directors and alternate directors. In order to establish the articles of association and regulations, it is meant to be a person who signs as a founder by agreeing to take at least one share. , any person, firm, company or organization having substantial ownership in the company or organization or the beneficial owner of the same. Cough) “Voluntary Dismissal(b) "Creditor" means the person or organization to whom the bank or financial institution owes payment and the term also refers to the depositor and debenture holder for the purpose of cancellation. (Cov) "hypothecation loan" means a loan that has been agreed upon between the bank or financial institution and the borrower, keeping the ownership rights of the goods stock in the respective borrower.