Section 16
To Maintain Records
The institution shall maintain updated records of activities relating to the financial intermediation.
Act Relating To Institutions Acting As Financial Intermediary, 2055 (1999)
Chapter - 3
Section 8: Functions, Duties And Powers Of InstitutionsSection 9: Power To Demand Details, Data Or DocumentsSection 10: To Enter Into AgreementSection 11: Power Of Institution In The Event Of Violation Of TermsSection 12: Registration Or Transmission To Be MadeSection 13: XxxxxxxSection 14: To Determine The Rate Of InterestSection 15: Power To Collect Service ChargeSection 16: To Maintain Records
Chapter - 4
Section 17: Power To Make Or Cause To Be Made Inspection Or InquirySection 18: Power To Give DirectionSection 19: Power To Cancel LicenseSection 20: Power To Prevent The Carrying Out Of Act Of Financial IntermediationSection 21: 31 To Give Up Carrying Out Of Act Of Financial IntermediationSection 21A: 32 To Recover From Household Properties Of Office-bearersSection 22: XxxxxxxSection 23: Xxxxxxx
Chapter - 7
Section 30: Exemption From Registration Fee Or Revenue StampSection 31: Exemption From Income TaxSection 32: Annual Report To Be SubmittedSection 33: Bank To Be ConsultedSection 33A: To Merger Or Be MergedSection 34: Saving Of Act Done In Good FaithSection 35: Prevailing Law To ApplySection 36: Power To Frame Bye-laws