Section 43
Risk-bearing Fund
A licensed institution shall maintain a risk- bearing fund in the proportion prescribed by the Rastra Bank in such a manner that it can cover the liability relating to its total assets and off- balance sheet transactions.
Banks And Financial Institutions Act, 2063 (2006
Chapter - 2
Section 3: Incorporation Of Bank Or Financial InstitutionSection 4: Approval To Be Obtained To Incorporate Bank Or Financial InstitutionSection 5: Power To Refuse To Grant ApprovalSection 6: ProspectusSection 7: Allotment Of SharesSection 8: Dealing In SecuritiesSection 9: Prohibition On Selling Or Pledging Shares And DebenturesSection 10: Prohibition On Purchase By Bank Or Financial Institution Of Its Own SharesSection 11: Restriction On Dealing In Securities
Chapter - 3
Section 12: Formation Of Board Of Director SSection 13: List Of Professional Experts To Be MaintainedSection 14: Functions, Duties And Powers Of BoardSection 15: Delegation Of AuthoritySection 16: Power To Form Sub-committeesSection 17: Appointment Of DirectorsSection 18: Disqualification Of DirectorsSection 19: Qualification Of DirectorSection 20: Tenure Of Office Of DirectorSection 21: Remuneration And Facilities Of Director SSection 22: Disclosure By DirectorsSection 23: Meetings Of BoardSection 24: Responsibilities And Duties Of DirectorsSection 25: Register Of DirectorsSection 26: Appointment And Conditions Of Service Of Chief ExecutiveSection 27: Functions, Duties And Powers Of Chief Executive
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 - 7
Section 49: Power Of Rastra Bank To RegulateSection 50: Banking Or Financial System And Credit ControlSection 51: Power Of Rastra Bank To Issue Directives In Relation To Interest RatesSection 52: Power Of Rastra Bank To Inspect And SuperviseSection 53: Inspections To Be Made By Foreign Banks Or Financial InstitutionsSection 54: Control Over Licensed InstitutionsSection 55: Returns To Be Submitted
Chapter - 9
Section 58: Accounts And Records To Be Maintained AccuratelySection 59: Balance Sheet, Profit And Loss Account And AuditSection 60: Appointment Of AuditorSection 61: Disqualification For Appointment As AuditorSection 62: Returns To Be SubmittedSection 63: Functions, Duties And Powers Of AuditorSection 64: Report To Be ForwardedSection 65: In The Event Of Vacancy In Office Of AuditorSection 66: Auditor To CertifySection 67: Remuneration Of Auditor
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 )