Banking Offence And Punishment Act, 2064(2008)
Section 3
Not To Open An Account Or Demand Cash Payment In An Unauthorized manner
While opening an account with a bank or financial institution or
demanding cash payment, no one shall undertake the following acts:
(a) Open or knowingly allow to open an account by submitting false documents,
(b) Open or allow to open an account in the name of a fictitious or other person or organization, except otherwise permitted by the laws, (c) Draw a cheque to obtain or to knowingly make payment from an account where he/she has an apparent knowledge that the account does not have sufficient balance to cover the amount of the cheque drawn.
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