You are viewing the translated version of समितिको काम, कर्तव्य र अधिकार.
Section 12
Work, Duties and Powers of the Committee
: (1) In addition to the work, duties and rights written elsewhere in this Act, the other work, duties and rights of the Committee shall be as follows:-
(a) to make policy decisions regarding safe deposits and the investigation of such deposits; (b) Policy decisions related to the administration, management, investment of financial assets of the fund and direct investment of the financial resources of the fund, (c) To decide on the granting of membership or removal from membership of a protected member organisation,
(d) To make decisions regarding the admission process,
(e) To decide on the initial contribution, special contribution and annual security fee to be taken from the protected member institution to the safe deposit,
(f) To review and decide on protection fees for loans and livestock protection programs secured by secured member institutions and member institutions,
(g) To take necessary decisions regarding admission or grant of research,
(h) To make decisions regarding the monitoring and action of protected member organizations (i) prescribing the criteria and basis for selection of agency bank under compensation payment process,
(j) To submit proposals related to loans and grants to the Government of Nepal for approval to increase the paid-up capital of the fund,
(k) To periodically submit to the Government of Nepal for approval the limit amount of deposit protection, scope of deposit protection and proposals related to deposit protection,
(l) To approve the report of internal and external audit of the Fund,
(d) statement of income and expenditure of the fund, organizational structure and determination of salaries and allowances of employees,
(m) medium and long term strategic development plan, public awareness program, depositor's rights and protection of stakeholdersAdoption of reports and recommendations,
(n) Cooperate and make agreements with domestic and foreign organizations with similar objectives on the basis of exchange of information and reciprocity and act accordingly,
(p) to decide on the participation of the Fund in the process of conversion, acquisition and financial liquidation, liquidation and liquidation of any secured member institution,
(h) to decide on the participation of the Fund in contingency plans to prevent and manage financial crises and systemic risks, and
(d) To carry out such other functions as may be necessary for the fulfillment of the purpose of the fund.
(a) to make policy decisions regarding safe deposits and the investigation of such deposits; (b) Policy decisions related to the administration, management, investment of financial assets of the fund and direct investment of the financial resources of the fund, (c) To decide on the granting of membership or removal from membership of a protected member organisation,
(d) To make decisions regarding the admission process,
(e) To decide on the initial contribution, special contribution and annual security fee to be taken from the protected member institution to the safe deposit,
(f) To review and decide on protection fees for loans and livestock protection programs secured by secured member institutions and member institutions,
(g) To take necessary decisions regarding admission or grant of research,
(h) To make decisions regarding the monitoring and action of protected member organizations (i) prescribing the criteria and basis for selection of agency bank under compensation payment process,
(j) To submit proposals related to loans and grants to the Government of Nepal for approval to increase the paid-up capital of the fund,
(k) To periodically submit to the Government of Nepal for approval the limit amount of deposit protection, scope of deposit protection and proposals related to deposit protection,
(l) To approve the report of internal and external audit of the Fund,
(d) statement of income and expenditure of the fund, organizational structure and determination of salaries and allowances of employees,
(m) medium and long term strategic development plan, public awareness program, depositor's rights and protection of stakeholdersAdoption of reports and recommendations,
(n) Cooperate and make agreements with domestic and foreign organizations with similar objectives on the basis of exchange of information and reciprocity and act accordingly,
(p) to decide on the participation of the Fund in the process of conversion, acquisition and financial liquidation, liquidation and liquidation of any secured member institution,
(h) to decide on the participation of the Fund in contingency plans to prevent and manage financial crises and systemic risks, and
(d) To carry out such other functions as may be necessary for the fulfillment of the purpose of the fund.