Banks And Financial Institutions Act, 2063 (2006
Section 86
Exemptions And Facilities
(1) Notwithstanding anything contained in the laws in force, any deed of credit not exceeding one million rupees supplied by a licensed institution to any citizen of Nepal or any institution established in accordance with the laws in force for agriculture, cottage and small scale industry, irrigation, hydro-power generation and for any other enterprise as specified by the Government of Nepal shall not be required to be registered.
(2) Subject to Sub-section (2) of Section 51, the rates of interest payable to and chargeable by a licensed institution on credits or deposits and the procedures of collecting such interest shall be as prescribed by the licensed institution. Provided that the licensed institution shall comply with the directives issued by the Rastra Bank from time to time in respect of such rates of interest and the procedures of collecting such interest.
(3) The repayment period of the credit to be supplied or obtained by and of deposits to be accepted by a licensed institution shall be as prescribed by the licensed institution.
(4) No revenue stamp fee shall be charged on any kind of document related with the licensed institution.
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 )