Section 8
Not To Misuse Credit
No one shall misuse the credit facilities availed from a bank or financial institution or cause to misuse by diverting in the purpose other
than for which the credit facilities were availed.
than for which the credit facilities were availed.
Banking Offence And Punishment Act, 2064(2008)
Chapter - 2
Section 3: Not To Open An Account Or Demand Cash Payment In An UnauthorizedmannerSection 4: Not To Obtain Or Issue Cheques, Cheque-books Or Bank Statements In Anunauthorized MannerSection 5: Not To Make Unauthorized Withdrawals Or PaymentsSection 6: Not To Obtain Or Make Payment By Way Of Abuse Or Unauthorized Use Of Electronic MeansSection 7: Not To Avail Or Provide Loans In An Unauthorized MannerSection 8: Not To Misuse CreditSection 9: Not To Misuse Banking Resources, Means And AssetsSection 10: Not To Acquire Assets Or Open Account By Borrower Who Has Over DuesSection 11: Not To Stop Credit Facility In The Way To Loss Working Project OfborrowerSection 12: Not To Make Loss By Making Alteration In The Account Or Ledger Or By Committing Forgery Or FraudSection 13: Not To Derive Excess, Low Or False ValuationSection 14: Not To Carry Out And Cause To Carry Out Irregular Economic Or Financial Transactions
Chapter - 5
Section 20: Cooperation To Be ExtendedSection 21: Action Not Be Initiated On The Ground Of Breach Of SecrecySection 22: Provisions Relating To Serving The NoticeSection 23: Notice To Be PublishedSection 24: Issuance Of Order For Creating Encumbrances Over The Assets Of Aforeign IndividualSection 25: Adjudication Proceedings And Disposal Of The Case Not Be AffectedSection 26: Waiver In The Claim Of Punishment May Be HappenSection 27: To Be Considered IneligibleSection 28: To Be Governed As Per The Prevailing LawsSection 29: Regulation May Be Framed