Act Relating To Institutions Acting As Financial Intermediary, 2055 (1999)
Section 34
Saving Of Act Done In Good Faith
The members or employees of the institution shall not be held individually or collectively liable for any act done by them in good faith subject to this Act or the rules framed under this Act.
Act Relating To Institutions Acting As Financial Intermediary, 2055 (1999)
Chapter - 1
Section 1: Short Title And Commencement
Section 2: Definitions
Chapter - 2
Section 3: Prohibition On Carrying Out Act Of Financial Intermediation Without License
Section 4: Application To Be Made For License
Section 5: License To Be Issued
Section 6: Power To Specify Terms
Section 7: To Obtain Renewal
Chapter - 3
Section 8: Functions, Duties And Powers Of Institutions
Section 9: Power To Demand Details, Data Or Documents
Section 10: To Enter Into Agreement
Section 11: Power Of Institution In The Event Of Violation Of Terms
Section 12: Registration Or Transmission To Be Made
Section 13: Xxxxxxx
Section 14: To Determine The Rate Of Interest
Section 15: Power To Collect Service Charge
Section 16: To Maintain Records
Chapter - 4
Section 17: Power To Make Or Cause To Be Made Inspection Or Inquiry
Section 18: Power To Give Direction
Section 19: Power To Cancel License
Section 20: Power To Prevent The Carrying Out Of Act Of Financial Intermediation
Section 21: 31 To Give Up Carrying Out Of Act Of Financial Intermediation
Section 21A: 32 To Recover From Household Properties Of Office-bearers
Section 22: Xxxxxxx
Section 23: Xxxxxxx
Chapter - 5
Section 24: 36 Fund Of Association
Section 25: Risk Bearing Fund
Section 26: Accounts And Audit Of Institution
Section 27: Xxxxxxx
Chapter - 6
Section 28: Punishment
Section 29: Action May Be Taken Pursuant To Prevailing Law
Chapter - 7
Section 30: Exemption From Registration Fee Or Revenue Stamp
Section 31: Exemption From Income Tax
Section 32: Annual Report To Be Submitted
Section 33: Bank To Be Consulted
Section 33A: To Merger Or Be Merged
Section 34: Saving Of Act Done In Good Faith
Section 35: Prevailing Law To Apply
Section 36: Power To Frame Bye-laws