National Insurance Corporation Act, 2025 (1968)
Section 19
Acts Not To Be Invalid
Any acts of the director or Board shall not be invalid by the reason only that any irregularity was made in the appointment or formation of the director or Board or that the office of any director falls vacant.
National Insurance Corporation Act, 2025 (1968)
Chapter - 1
Section 1: Short Title, Extension And Commencement
Section 2: Definitions
Chapter - 2
Section 3: Establishment Of The Corporation
Section 4: Authorized Capital Of The Corporation
Section 5: Central Office And Branch Of The Corporation
Section 6: Formation Of Board Of Directors And Tenure Of Director
Section 7: Disqualification For Director
Section 8: Circumstance Where Office Of Director Falls Vacant
Section 9: Fulfillment Of Vacancy
Section 10: Meetings Of The Board
Section 11: Management/operation
Section 12: General Meeting
Chapter - 3
Section 13: Functions And Duties Of The Corporation
Chapter - 4
Section 14: 10 Fund Of The Corporation
Section 15: Accounts
Section 16: Audit
Section 17: Balance Sheet And Profit And Loss
Section 18: Dissolution
Chapter - 5
Section 19: Acts Not To Be Invalid
Section 20: Appointment Of Employees
Section 21: Liability Of Shareholders
Section 22: Inspection Of Books Of Account Or Other Records Of Thecorporation
Section 23: Power To Give Direction To The Corporation
Section 24: Saving Of Officers Against Loss Or Damage
Section 25: Delegation Of Powers
Section 26: Punishment
Section 27: Liabilities And Functions Of National Insurance Corporation
Section 27A: 11 Power To Hand Over Liability And Asset Of The Corporation
Section 28: Liaison Between The Corporation And The Government Of Nepal
Section 29: Powers To Frame Rules
Section 30: Saving