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Section 7
Things a bank should not do
(1) Except as provided in this Act, the bank shall not do the following:- (a) provide any loan, keep any kind of deposit or give any kind of financial gift, (b) purchase shares of any commercial bank, financial institution, public institution or company do or in any other way acquire ownership rights in any financial, commercial, agricultural, industrial or other institution, (c) carry on any kind of business, or (d) acquire rights over movable immovable property by purchase, lease or otherwise. But the bank may acquire the assets necessary to carry out its business and arrangements or to fulfill its objectives. (2) Notwithstanding anything written in sub-section (1), the bank may do the following:- (a) The bank's business or liability Granting loans not exceeding ten percent of the total capital of the organization to the organization that is assisted in completing the work or acquiring ownership in the shares of such organization. Explanation: For the purpose of this section, "organization that is engaged in the work of the bank or helping to fulfill the obligations" is purely Appraisal, operation and preservation of securities of commercial banks or financial institutions, restructuring and transfer of securities, credit evaluation, exchange of credit information, data processing and communication, printing of financial instruments, clearing of payments, liquidation of assets, Any other institution or company designated by the bank, such as producing bank notes or coins, acting as a trustee, should be considered. (b) The bank provides loans to its employees.