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Section 13
A bank or financial institution should not purchase its own shares

(1) A bank or a financial institution shall not purchase its own shares or give a loan by keeping them as a guarantee. (2) Notwithstanding anything written in sub-section (1), in the following cases, the bank or financial institution concerned shall not exceed the percentage specified by the National Bank with the approval of the National Bank. You can purchase your own shares from the amount of accumulated profits that can be distributed:- (a) If the entire amount of the shares issued by the bank or financial institution has been paid, (b) If the shares issued by the bank or financial institution have been listed in the securities market, (c) ) If there is a provision in the regulations of the respective bank or financial institution to purchase its own shares, (d) If a special resolution is passed in the general meeting of the respective bank or financial institution so that it can purchase its own shares, (e) the bank or financial institution has to pay If the loan amount is not more than twice the ratio of the capital and common reserve fund after the bank or financial institution has purchased its own shares, Explanation: For the purpose of this sub-section, "loan amount" means the entire secured and unsecured loan amount taken by the bank or financial institution. (f) ) If the amount of its shares purchased by a bank or financial institution does not exceed twenty percent of the total paid-up capital and general reserve fund, (g) If the purchase of its own shares is in compliance with the instructions regarding capital funds issued by the National Bank to banks or financial institutions, (h) its Provided that the instructions issued by the National Bank from time to time regarding the purchase of shares by themselves are not adverse. (3) According to sub-section (2), any bank or financial institution shall submit an application to the National Bank by disclosing the following details for approval to purchase its own shares:- (a) its The reason, need, time period and method for purchasing the shares by yourself, (b) details of the assessment of the possible impact on the financial position of the bank or financial institution due to the purchase of your own shares, (c) the type of shares offered for purchase, the price per share of the shares and shareNumber, (d) the maximum or minimum amount required to purchase shares as per clause (c) and its source, (e) other details specified by the National Bank regarding the purchase of its own shares, (f) other necessary details to be disclosed according to the prevailing law. 4) After examining the application received in accordance with sub-section (3) and the attached details, if it is found appropriate to give approval, the National Bank may give approval to such bank or financial institution to purchase its own shares. (5) After obtaining approval in accordance with sub-section (4), such approval Within the period of six months from the date of receipt or twelve months after the passing of the special resolution by the general meeting, whichever is later, the concerned bank or financial institution may purchase its own shares by any of the following means:- (a) By purchasing through the stock market, (b) From the existing shareholders. By purchasing proportionally. (6) According to sub-section (5), if a bank or financial institution purchases its own shares, it shall inform the National Bank of the number of shares purchased, the amount paid and other necessary details within thirty days from the date of purchase of such shares. 7) In accordance with sub-section (5), the amount equal to the face value of the shares purchased by oneself shall be deducted from the paid-up capital and a separate capital return reserve fund shall be established and deposited in that fund and the amount of that fund shall be maintained as the paid-up capital. (8) According to sub-section (5) If a bank or a financial institution purchases its own shares, the number of shares purchased by the bank or financial institution must be canceled within one hundred and twenty days from the date of such purchase.