Local Economic Administration Rules, 2064

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Rule 19
Principles of Municipal Accounts

(1) The accounts of the municipality should be kept in accrual transactions based on the principle of double entry system. Explanation: "Profitable" business means business based on commercial accounts (corporate accounts).
(2) The device as per sub-rule (1) can be placed in the electronic system as well.
(3) Regardless of anything written in sub-rule (1), the municipality existing at the time this regulation comes into effect shall keep accounts of profitable transactions within three years from the date this regulation comes into force and the municipality formed after this regulation comes into force within five years of its formation.< br> (4) The municipality shall adopt the financial procedure according to this regulation and maintain the balance of income and expenditure.
Local Economic Administration Rules, 2064
Chapter - 2
Rule 3: Accounts and Principles of Village Development CommitteeRule 4: Understanding and Filing Income AmountsRule 5: Keeping Accounts of Income up to dateRule 6: Provisions relating to fund operationsRule 7: Arrangement of Accounts to be held in Gau" Development CommitteeRule 8: Expenditure from approved budgetRule 9: Proceedings relating to expenditure of fundsRule 10: The chairman will monitor financial transactionsRule 11: Accepting Cost EstimatesRule 12: Accepting bids or sealed bidsRule 13: Officials to receive technical consultation or other servicesRule 14: Approving Variation OrderRule 15: For the purpose of Section 53 of the Project Inspection and ModificationRule 16: Provisions related to sale and transferRule 17: AuctioneerRule 18: The village development committee should keep the structure of the Sresta
Chapter - 3
Rule 19: Principles of Municipal AccountsRule 20: Understanding and Filing Income AmountsRule 21: Keeping Accounts of Income up to dateRule 22: Provisions relating to the operation of municipal fundsRule 23: Provisions relating to accounts in the municipalityRule 24: Expenditure from approved budgetRule 25: Proceedings relating to expenditure of fundsRule 26: Approving Cost EstimatesRule 27: Official for accepting bids or sealed bidsRule 28: Officer receiving technical consultation or other serviceRule 29: Accepting Variation OrdersRule 30: Project investigation and modificationRule 31: AuctioneerRule 32: For the purpose of sub-section (2) of Section 126 of the Financial AidRule 33: Special fundsRule 34: Extent of Administrative ExpenditureRule 35: Expenditure for the development of BhipariRule 36: Provision of internal audit branchRule 37: Work, Duties and Powers of the Internal Audit BranchRule 38: Selection of auditorsRule 39:
Chapter - 4
Rule 40: Accounts of District Development Committee and Principles thereofRule 41: Understanding and Filing Income AmountsRule 42: Keeping Accounts of Income up to dateRule 43: Provisions relating to fund operationsRule 44: Provisions relating to accounts in District Development CommitteeRule 45: Expenditure from approved budgetRule 46: Proceedings relating to expenditure of fundsRule 47: Approving Cost EstimateRule 48: The authority to approve tenders or sealed quotationsRule 49: Officials seeking technical consultation or professional servicesRule 50: Approving Variation OrderRule 51: Project investigation and modificationRule 52: AuctioneerRule 53: Financial AssistanceRule 54: Special fundRule 55: Extent of Administrative ExpenditureRule 56: Expenditure for coming to BhaipariRule 57: Provision of internal audit branchRule 58: Work, Duties and Powers of the Internal Audit BranchRule 59: Choice of Final AuditorRule 60: District development committee should keep the structure of the district
Chapter - 5
Rule 61: Purchasing arrangementsRule 62: A procurement plan should be preparedRule 63: Cost estimates should be preparedRule 64: Cost estimation of construction worksRule 65: Cost estimation of goodsRule 66: Cost Estimation of Consulting ServicesRule 67: Cost estimation of other servicesRule 68: Cost estimates should be updatedRule 69: Goods produced in Nepal must be purchasedRule 70: Provisions relating to existing list (Standi List)Rule 71: If you have permanent account number and value added tax registration certificate, you should purchaseRule 72: Choice of Purchase AgreementRule 73: Type of contract for purchase of goods or other servicesRule 74: Choice of procurement contract for construction workRule 75: Contract for the purchase of consulting servicesRule 76: Provisions relating to direct procurementRule 77: Provisions relating to Sealed DeedsRule 78: To be procured through biddingRule 79: Prequalification methodRule 80: Basis of qualificationRule 81: Grounds of Eligibility of Bidders to Supply GoodsRule 82: Eligibility Bases of Construction ProfessionalsRule 83: Basis of Qualification of Provider of Consulting ServicesRule 84: Eligibility Basis of Joint UndertakingRule 85: Can request documents that reveal economic and financial capacityRule 86: Arrangements for sub-contractingRule 87: Matters to be Mentioned in the Bidding DocumentsRule 88: Non-discriminationRule 89: Details of agent to be mentionedRule 90: Rule 91: Language of biddingRule 92: Matters to be mentioned in the technical details of the goodsRule 93: Matters to be mentioned in the technical details of the construction workRule 94: Matters to be mentioned in the details of other servicesRule 95: Documents to be included in the bidding documentsRule 96: Instructions for preparation and submission of tendersRule 97: Approval of documents related to biddingRule 98: Bidding ProcedureRule 99: The cost estimate should be disclosed in the notice of tenderRule 100: Notice to be givenRule 101: Construction Site TourRule 102: Meeting prior to submission of bidsRule 103: Bid suretyRule 104: Bid Validity PeriodRule 105: Copies of bids to be submittedRule 106: Registration book to be kept and compensation to be paidRule 107: Security of bidsRule 108: Bid Withdrawal or AmendmentRule 109: Bid openingRule 110: Bid evaluation report to be submittedRule 111: Examination of completeness of tendersRule 112: Evaluation of bidsRule 113: Evaluation of the technical, commercial and economic aspects of the bidRule 114: Special evaluation of tenders for construction worksRule 115: Report to be submittedRule 116: Returning samples of goodsRule 117: Provisions related to purchase agreementRule 118: A performance bond must be submitted to contractRule 119: Acts relating to the execution of contractsRule 120: To be insuredRule 121: Advance Payment and Disbursement ArrangementsRule 122: Pre-Shipment InspectionRule 123: Inspection and Acceptance of GoodsRule 124: Auction sale and collection of goodsRule 125: Job Acceptance ReportRule 126: Variation OrderRule 127: Price adjustmentRule 128: Extendable period of purchase agreementRule 129: Predetermined compensationRule 130: Inspection of bills or invoicesRule 131: Payment of bills or billsRule 132: Final paymentRule 133: Work completed report to be submittedRule 134: A reward can be given to those who complete the work before timeRule 135: Payment to be made on termination of contract of purchase on subsistance basisRule 136: Remedies for breach of contract of saleRule 137: Dispute resolution mechanismRule 138: Resolving disputes through arbitratorsRule 139: Provisions relating to procurement of consultancy servicesRule 140: Terms of reference should be preparedRule 141: A short list should be prepared after asking for letter of intentRule 142: Request a proposalRule 144: Choosing a Consulting Services Procurement MethodRule 145: How to open an offerRule 146: How to Evaluate Technical ProposalsRule 147: Valuation report to be preparedRule 148: Notification to be given to successful bidder during technical proposal evaluationRule 149: Opening a financial offerRule 150: Evaluation of Financial ProposalsRule 151: Bidder's ChoiceRule 152: Provisions relating to procurement of other servicesRule 153: Procedure for causing maintenance of goodsRule 154: A design can be purchased through a competitionRule 155: Arrangements for work by consumer committeesRule 156: Tasks, Duties and Rights of Consumer CommitteeRule 157: Arrangements for carrying out work through public private partnershipRule 158: Provisions relating to purchase under special circumstancesRule 159: Document related to purchase action should be providedRule 160: Public Notice of Purchase AgreementRule 161: Consultants should not show interestRule 162: Can Supervise and InvestigateRule 163: Notification of Incitement, Corruption or Fraudulent BehaviorRule 164: BlacklistingRule 165: Purchases should be made in accordance with the charity's procurement guidelinesRule 166: Provisions relating to review of procurement proceedings or decisions