Section 31
Exemption From Income Tax
The Government of Nepal may, by publishing a notice in the Nepal Gazette, grant exemption so that income tax is not chargeable fully or partly on the income earned by the institution.
Act Relating To Institutions Acting As Financial Intermediary, 2055 (1999)
Chapter - 3
Section 8: Functions, Duties And Powers Of InstitutionsSection 9: Power To Demand Details, Data Or DocumentsSection 10: To Enter Into AgreementSection 11: Power Of Institution In The Event Of Violation Of TermsSection 12: Registration Or Transmission To Be MadeSection 13: XxxxxxxSection 14: To Determine The Rate Of InterestSection 15: Power To Collect Service ChargeSection 16: To Maintain Records
Chapter - 4
Section 17: Power To Make Or Cause To Be Made Inspection Or InquirySection 18: Power To Give DirectionSection 19: Power To Cancel LicenseSection 20: Power To Prevent The Carrying Out Of Act Of Financial IntermediationSection 21: 31 To Give Up Carrying Out Of Act Of Financial IntermediationSection 21A: 32 To Recover From Household Properties Of Office-bearersSection 22: XxxxxxxSection 23: Xxxxxxx
Chapter - 7
Section 30: Exemption From Registration Fee Or Revenue StampSection 31: Exemption From Income TaxSection 32: Annual Report To Be SubmittedSection 33: Bank To Be ConsultedSection 33A: To Merger Or Be MergedSection 34: Saving Of Act Done In Good FaithSection 35: Prevailing Law To ApplySection 36: Power To Frame Bye-laws