Nepal Rastra Bank Act, 2058 (2002)
Section 28
Meeting Of The Board
(1) The Governor shall preside over the meeting of the Board.
(2) The meeting of the Board shall be held as per the requirement of the Bank. Provided that the Board meets at least once in a month.
(3) The Governor shall call on the meeting of the Board. Provided that in case of a written request from three Directors of the Board to call the meeting of the Board, the Governor shall call the meeting of the Board.
(4) The Board may frame a separate Bye-law with regard to the procedures for calling the meeting of the Board, conducting the meeting, voting, keeping minutes and for other matters.
(5) The presence of at least three Directors and of the person presiding over the meeting of the Board shall constitute the quorum for the meeting of the Board. Provided that out of the three Directors presented in the meeting at least one director should be the director appointed under Clause (d) of Section 14.
(6) The decision of the majority shall be the decision of the Board. In the event of a tie of votes for and against a resolution, the person presiding over the meeting shall exercise a decisive vote.
Nepal Rastra Bank Act, 2058 (2002)
Chapter - 3
Section 14: Formation Of The BoardSection 15: Appointment Of The GovernorSection 16: Appointment Of The Deputy GovernorSection 17: Appointment Of The DirectorsSection 18: Tenure Of Office Of The DirectorsSection 19: Remuneration And Other Benefits Of The DirectorsSection 20: Qualifications Of The DirectorsSection 21: Disqualification Of The DirectorsSection 22: Grounds For Removable Of The Directors From OfficeSection 23: Constitution, Functions And Duties Of Inquiry CommitteeSection 24: Resignation By DirectorSection 25: Public Notification Of Governor’s AppointmentSection 26: Fulfillment Of Vacant Off IceSection 27: Acting GovernorSection 28: Meeting Of The BoardSection 29: Functions, Duties And Powers Of The BoardSection 30: Functions, Duties And Powers Of The GovernorSection 31: Delegation Of PowersSection 32: Prohibition On Vested Personal InterestsSection 33: Management CommitteeSection 34: Audit CommitteeSection 35: Functions, Duties And Powers Of The Audit CommitteeSection 36: Employees Of The BankSection 37: Professional Code Of Conduct And Official ResponsibilitySection 38: Confidentiality
Chapter - 9
Section 76: Bank’s Approval Required For Accepting Deposits Or Giving CreditsSection 76: Bank’s Approval Required For Accepting Deposits Or Giving CreditsSection 77: Restriction On Rate Of InterestSection 77: Restriction On Rate Of InterestSection 78: License To Be Obtained From BankSection 78: License To Be Obtained From BankSection 79: Regulatory Powers Of BankSection 79: Regulatory Powers Of BankSection 80: Banking And Financial System And Credit ControlSection 80: Banking And Financial System And Credit ControlSection 81: Credit To Prescribed SectorsSection 81: Credit To Prescribed SectorsSection 82: Information To Be Furnished To BankSection 82: Information To Be Furnished To BankSection 83: Approval Required To Issue Debentures And Financial InstrumentsSection 83: Approval Required To Issue Debentures And Financial InstrumentsSection 84: Inspection And SupervisionSection 84: Inspection And SupervisionSection 85: Exchange Of Mutual CooperationSection 85: Exchange Of Mutual CooperationSection 86: XxxxxxxSection 86: XxxxxxxSection 86A: Information Need To Provide To The Bank By Commercial Banks And Financial InstitutionsSection 86A: Information Need To Provide To The Bank By Commercial Banks And Financial InstitutionsSection 86B: State Of Problematic Commercial Bank And Financial InstitutionSection 86B: State Of Problematic Commercial Bank And Financial InstitutionSection 86C: Bank Can Take Action Against Problematic Commercial Bank Or Financial InstitutionSection 86C: Bank Can Take Action Against Problematic Commercial Bank Or Financial InstitutionSection 86D: Effect Of The Control Of The Bank To Any Commercial Bank Or Financial InstitutionSection 86D: Effect Of The Control Of The Bank To Any Commercial Bank Or Financial InstitutionSection 86E: The Reformative Measures And Rights Which Can Be Used By The Bank Or The Official Appointed By The BankSection 86E: The Reformative Measures And Rights Which Can Be Used By The Bank Or The Official Appointed By The BankSection 86F: Right Of The Bank For Corrective ActionSection 86F: Right Of The Bank For Corrective ActionSection 86G: Application For The DissolutionSection 86G: Application For The DissolutionSection 86H: Decrease Of The Capital Of Problematic Commercial Bank Or Financial InstitutionSection 86H: Decrease Of The Capital Of Problematic Commercial Bank Or Financial InstitutionSection 86I: Right To Appeal Against The Order Of The BankSection 86I: Right To Appeal Against The Order Of The BankSection 86J: Transfer Of The Assets And Liabilities Of The Problematic Commercial Bank Or Financial InstitutionSection 86K: Basis For Transfer Of The Assets And LiabilitiesSection 86K: Basis For Transfer Of The Assets And LiabilitiesSection 86L: Consequence Of TransferSection 86L: Consequence Of TransferSection 86M: Finality Of The Order Of TransferSection 86M: Finality Of The Order Of TransferSection 86N: Prohibition In Any ActionsSection 86N: Prohibition In Any ActionsSection 87: Establishment Of Information NetworkSection 87: Establishment Of Information NetworkSection 88: Establishment Of Credit Information CenterSection 88: Establishment Of Credit Information Center