Banks And Financial Institutions Act, 2063 (2006
Section 70
Acts To Be Deemed As Offenses
Commission of any of the following acts shall be deemed to be a commission of an offense under this Act:
(a) Carrying on the financial transactions without obtaining a license under this Act or in contravention of the conditions of the license or accepting deposits or
supplying credit or issuing debentures or other financial instruments in violation of this Act or the orders or directives issued under this Act or paying or obtaining
interest in contravention of the term prescribed by the Rastra Bank or dealing in foreign exchange in contravention of this Act or the laws in force or the orders or directives issued under this Act;
(b) Failure of any officer who is responsible for maintaining the secrecy of the financial transactions, accounts, records, ledgers, books and other accounts related
documents of the licensed institution pursuant to this Act or the orders or directives issued under this Act to maintain such secrecy;
(c) Violation by any one of this Act or any order or directive issued under this Act, other than that mentioned in Clause (a) or (b).
Banks And Financial Institutions Act, 2063 (2006
Chapter - 4
Section 28: Prohibition On Carrying On Financial Transactions By Any One Other Than Bank Or Financial InstitutionSection 29: Application To Be Made For License To Carry On Financial TransactionsSection 30: License To Be Issued To Carry On Financial TransactionsSection 31: Classification Of Licensed InstitutionsSection 32: Power To Refuse To Issue License To Carry On Financial TransactionsSection 33: Power Of Rastra Bank To Prescribe ConditionsSection 34: Special Provisions Relating To Opening Of Office By Foreign Bank Or Financial InstitutionSection 35: Suspension And Cancellation Of LicenseSection 36: Conversion Of Licensed Institution Of Lower Class Into Licensed Institution Of Higher ClassSection 37: Conversion Of Licensed Institution Of Higher Class Into Licensed Institution Of Lower ClassSection 38: Liquid Assets Required To Be MaintainedSection 39: List Of Licensed Institutions To Be Published
Chapter - 12
Section 76: Permission To Be Obtained For Voluntary LiquidationSection 77: Order Of Priority In Settlement Of Liabilities On Liquidation Of Licensed InstitutionSection 78: Arbitration/mediationSection 79: Secrecy To Be MaintainedSection 80: Power To Give Directive To Freeze AccountsSection 81: Claim Or Title To DepositsSection 82: Particulars Of Unclaimed Deposits Or DividendsSection 83: Recovery From Or Confiscation Of DepositsSection 84: Management ExpensesSection 85: Power To Remove DifficultiesSection 86: Exemptions And FacilitiesSection 87: Not To Be Liable For Act Done In Good FaithSection 88: Oath-takingSection 89: Acts And Actions Not To Be InvalidatedSection 90: Power To Frame RulesSection 91: Power To Frame Bye-lawsSection 92: Laws In Force To GovernSection 93: Repeal And SavingSection 94: Effect Of Inoperativeness Of The Banks And Financial Institutions Ordinance, 2062(2005 )