You are viewing the translated version of परिभाषा.
Section 2
Definition
In this Act, unless the subject or context requires otherwise,-
(a) "Court" shall mean the commercial bench of the court designated by the Government of Nepal by publishing a notice in the Nepal Gazette.
(b) "Chairman" means the Chairman of the Board.
(c) "Permit" means the permit as per section 5.
(d) "Business" means the purchase, sale, clearing and settlement of commodity contracts in the commodity exchange market, transfer and other related activities.
(e) "Prescribed" or "as prescribed" means prescribed or prescribed in the rules made under this Act.
(f) "Board" shall mean the Nepal Securities Board established in accordance with prevailing laws relating to securities.
(g) "Rafsaf and Fasrout (clearing and settlement) business" means Rafsaf and Fasrout related business as per section 26.
(h) "Rafsaf and Wastewater business (clear house)" means an organization that has received a license to do business related to Rafsaf and Wastewater.
(i) "Investor" means a person who buys a commodity through a commodity contract in the commodity exchange market and the term also refers to a person who sells a commodity.
(j) "Commodities" means the specified goods that can be transacted through commodity contracts in the commodity exchange market.
(k) "Commodity exchange market" shall mean an organized organization which has obtained a license in accordance with section 5.
(l) "Commodity trading business" means business related to commodity trading as per sub-section (1) of section 19.
(d) "Commodity trading businessperson" means an organization that has received a license to carry out commodity trading business.
(l) "Commodity contract (derivative)" means a commodity contract concluded between the buyer and the seller to buy or sell the commodity after at least thirty days, specifying the price, quantity, quality and transfer date of the commodity.
(n) "warehouse" means an organization that has received a license to operate a warehouse.
(s) “institution” means the common earIt should be understood as a company or an organized organization established according to .
(h) "Organized entity" means a public company incorporated in accordance with the prevailing company law or an organized entity established to be able to issue securities through the stock market.
(a) "Court" shall mean the commercial bench of the court designated by the Government of Nepal by publishing a notice in the Nepal Gazette.
(b) "Chairman" means the Chairman of the Board.
(c) "Permit" means the permit as per section 5.
(d) "Business" means the purchase, sale, clearing and settlement of commodity contracts in the commodity exchange market, transfer and other related activities.
(e) "Prescribed" or "as prescribed" means prescribed or prescribed in the rules made under this Act.
(f) "Board" shall mean the Nepal Securities Board established in accordance with prevailing laws relating to securities.
(g) "Rafsaf and Fasrout (clearing and settlement) business" means Rafsaf and Fasrout related business as per section 26.
(h) "Rafsaf and Wastewater business (clear house)" means an organization that has received a license to do business related to Rafsaf and Wastewater.
(i) "Investor" means a person who buys a commodity through a commodity contract in the commodity exchange market and the term also refers to a person who sells a commodity.
(j) "Commodities" means the specified goods that can be transacted through commodity contracts in the commodity exchange market.
(k) "Commodity exchange market" shall mean an organized organization which has obtained a license in accordance with section 5.
(l) "Commodity trading business" means business related to commodity trading as per sub-section (1) of section 19.
(d) "Commodity trading businessperson" means an organization that has received a license to carry out commodity trading business.
(l) "Commodity contract (derivative)" means a commodity contract concluded between the buyer and the seller to buy or sell the commodity after at least thirty days, specifying the price, quantity, quality and transfer date of the commodity.
(n) "warehouse" means an organization that has received a license to operate a warehouse.
(s) “institution” means the common earIt should be understood as a company or an organized organization established according to .
(h) "Organized entity" means a public company incorporated in accordance with the prevailing company law or an organized entity established to be able to issue securities through the stock market.