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Section 24
automatically
Safeguarding: After depositing the first security fee in the fund to secure the eligible deposit in its institution, the protected member institution will automatically be protected in the fund subject to sub-section (1) of section 19.
Deposit and Debt Saucracy Act, 2073
Preamble - 0
Chapter - 4
Section 14: Membership of the secured member organization Section 15: Procedures and Procedures for Obtaining Membership of Secured Member Institutions Section 16: Information to be given Section 17: Non-Continuance of Membership of a Protected Member OrganizationSection 18: In case of merger or consolidation of the protected member organization Section 19: Protection of depositsSection 20: Not deemed to be secured Section 21: Provisions relating to Annual Security ChargesSection 22: Arrangements related to initial contribution Section 23: Arrangements related to special contribution Section 24: automaticallySection 25: Late fee chargedSection 26: Information and data to be submitted to the fund Section 27: Electronic register should be kept Section 28: Financial statements to be provided
Chapter - 5
Section 29: Obligations related to deposit protection Section 30: Grant of deposit Section 31: Claim payment process Section 32: Payment of Claims of Unfound DepositorsSection 33: Procedure for the fund to receive research contribution Section 34: Can appoint an agent or trustee Section 35: Rights of the FundSection 36: Non-payment by the fund Section 37: Arrangements related to loan protection
Chapter - 6
Chapter - 9
Section 53: The Fund and the Nepal Rastra Bank will coordinate Section 54: Delegation of powers Section 55: Arrangements related to exchange of assistance Section 56: Authority to give instructionsSection 57: ConfidentialitySection 58: Actions not invalidated Section 59: Defense for actions done in good faith Section 60: Report to be submitted Section 61: Contact with the Government of Nepal Section 62: Automatically converted into fund Section 63: Ability to dissolve the fund Section 64: To be in accordance with this Act Section 65: Power to make rules Section 66: Power to make regulations Section 67: Creating and implementing guidelines and procedures Section 68: Save