Section 24
Account Of Income To Be Submitted
(1) The Insurer shall prepare separate accounts of its income generated from the Insurance Business inside Nepal in the
form as specified by the Board and submit them to the Board within six months after the expiry of the fiscal year.
(2) If any Insurer submits an application to the Board for the extension of the time-limit pursuant to Sub-section (1), for submitting the account
of income stating the reasonable ground for its inability to do so within the time- limit, the Board may extend the time-limit up to one month.
form as specified by the Board and submit them to the Board within six months after the expiry of the fiscal year.
(2) If any Insurer submits an application to the Board for the extension of the time-limit pursuant to Sub-section (1), for submitting the account
of income stating the reasonable ground for its inability to do so within the time- limit, the Board may extend the time-limit up to one month.