Nepal Rastra Bank Act, 2058 (2002)

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Section 34
Audit Committee
The committee shall form an audit committee with the following members to be accountable to it:- (a) One director appointed by the committee – Coordinator (b) One expert in the relevant subject appointed by the committee – member (c) Head of the internal audit department of the bank – member
Nepal Rastra Bank Act, 2058 (2002)
Chapter - 3
Section 24: Resignation of directorSection 27: PermanentSection 32: Prohibition on Use of Vested Personal InterestsSection 35: Functions, Duties and Powers of Audit CommitteeSection 14: Constitution of the Board of Directors TheSection 15: Appointment of GovernorSection 16: Appointment of Deputy GovernorSection 17: Appointment of DirectorSection 18: Director's tenureSection 19: The director's salary and other benefitsSection 20: Eligibility of DirectorSection 21: Disqualification of DirectorsSection 22: Director's resignation conditionSection 23: Formation and work, duties of inquiry committeeSection 25: Public Notice of Appointment of GovernorSection 26: Filling VacanciesSection 28: Committee meetingSection 29: Work, Duties and Powers of the CommitteeSection 30: Duties, Duties and Powers of the GovernorSection 31: Delegation of AuthoritySection 33: Management CommitteeSection 34: Audit CommitteeSection 36: Bank employeesSection 37: Code of Professional Conduct and Official ResponsibilitiesSection 38: Privacy
Chapter - 9
Section 76: to obtain bank approval for taking deposits or making loansSection 80: Banking and financial system and credit controlSection 85: Mutual support exchangeSection 86: XXXXXXSection 86B: Commercial bank or financial institution deemed to be troubledSection 86C: which banks can take action against troubled commercial banks or financial institutionsSection 86D: Effect of bank takeover of commercial bank or financial institutionSection 86F: Bank's right to take remedial actionSection 86H: that can reduce the capital of troubled commercial banks or financial institutionsSection 88: Establishment of Credit Information CenterSection 77: Ban on interest rateSection 78: required to obtain permission from the bankSection 79: to be regulated by the bankSection 81: to be disbursed in designated areasSection 82: Notice to be submitted to the bankSection 83: Approval to issue debentures and financial instrumentsSection 84: Inspection and SupervisionSection 86A: The commercial bank or financial institution should inform the bankSection 86E: Remedial measures and powers to be exercised by the Bank or an officer appointed by the BankSection 86G: Can be taken to FarfarakhSection 86I: Right to appeal against the order of the bankSection 86J: XXXXXXSection 86K: XXXXXXSection 86L: XXXXXXSection 86M: XXXXXXSection 87: Establishment of Information Network
Chapter - 9A
Section 88B: Provisions regarding formation of Special Administration GroupSection 88C: Functions, Duties and Powers of Special Administrative GroupsSection 88F: to prepare new or betterSection 88A: Bank's right to act on variationSection 88D: The rights are automatic throughout the duration of the contractSection 88E: Notice and Registration of Deeds relating to FarfarakhSection 88G: who can recommend for improvement of financial condition of commercial bank or financial institutionSection 88H: Bridge Institution – Breeze Institution) or unit that can be establishedSection 88I: Priority of paymentSection 88J: Effects of a special administrative group taking control of a bank or financial institutionSection 88K: Deactivation of proceedings prior to the commencement of proceedings relating to reformationSection 88L: Other Provisions relating to FarfarahSection 88M: to submit the final details of the development workSection 88N: to exchange mutual supportSection 88O: Can apply for cancellation