CohleM/english-to-nepali huggingface dataset:
English: If a special resolution has been passed at the General Meeting of the concerned bank or financial institution authorizing the buy-back of its own share,
Nepali: (घ) आफ्नो शेयर आफै खरिद गर्न सक्ने गरी सम्बन्धित बैंक वा वित्तीय संस्थाको साधारण सभामा विशेष प्रस्ताव पारित भएको भए,
English: If the ratio of the debt owed by the bank or financial institution is not more than double of the capital and general reserve fund after such buy-back of shares,
Nepali: (ङ) बैंक वा वित्तीय संस्थाले चुक्ता गर्नु पर्ने ऋण रकम बैंक वा वित्तीय संस्थाले आफ्नो शेयर आपैmले खरिद गरी सकेपछि पूँजी तथा साधारण जगेडा कोषको रकमको अनुपातमा दोब्बरभन्दा बढी नहुने भए,
English: Explanation: For the purposes of this Sub-Section, “debt” means all amounts of secured or unsecured debts borrowed by a bank or financial institution.
Nepali: स्पष्टीकरण ः यस उपदफाको प्रयोजनको लागि “ऋण रकम” भन्नाले बैंक वा वित्तीय
English: If the value of the shares to be bought back by a bank or financial institution is not more than twenty percent of the total paid up capital and general reserve fund of that bank or financial institution,
Nepali: (च) बैंक वा वित्तीय संस्थाले खरिद गर्ने आफ्नो शेयरको रकम कुल चुक्ता पूँजी तथा साधारण जगेडा कोषको रकमको बीस प्रतिशतभन्दा बढी नहुने भए,
English: If the buy-back of the shares comply with the directives relating to the capital fund issued by the Rastra Bank to that bank or financial institution,
Nepali: (छ) आफ्नो शेयर आपैm खरिद गर्दा राष्ट्र बैंकबाट बैंक वा वित्तीय संस्थालाई जारी पूँजीकोष सम्बन्धी निर्देशनको पालना हुने भए,
English: If it is not against the directives issued by the Rastra Bank from time to time with regard to buy back of shares.
Nepali: (ज) आफ्नो शेयर आपैm खरिद गर्ने सम्बन्धमा राष्ट्र बैंकले समय समयमा जारी गरेको निर्देशन प्रतिकूल नहुने भए ।
English: A bank or financial institution shall make an application to the Rastra Bank for the approval to buy-back its own share pursuant to Sub-Section (2) with the following details:- The reason, necessity, duration and modus-operandi for the buy- back of the shares,
Nepali: (३) उपदफा (२) बमोजिम कुनै बैंक वा वित्तीय संस्थाले आफ्नो शेयर आफै खरिद गर्ने स्वीकृतिका लागि देहायको विवरण खुलाई राष्ट्र बैंक समक्ष निवेदन दिनु पर्नेछ ः– (क) आफ्नो शेयर आपैmले खरिद गर्नु पर्ने कारण, आवश्यकता, समयावधि र तरिका,
English: A statement of the evaluation of the potential impacts on the financial situation of the bank or financial institution as a result of the buy-back of the shares,
Nepali: (ख) आफ्नो शेयर आपैmले खरिद गरेको कारणबाट बैंक वा वित्तीय संस्थाको वित्तीय स्थितिमा पर्न सक्ने सम्भावित प्रभाव मूल्याङ्कनको विवरण,
English: The type of the share, par value of the share and number of the shares purposed to buy-back,
Nepali: (ग) खरिद गर्न प्रस्ताव गरिएको शेयरको किसिम, शेयरको प्रति कित्ता मूल्य र शेयर संख्या,
English: The maximum or minimum amount required to buy-back the shares as referred to in Part (c), and the source of such amount,
Nepali: (घ) खण्ड (ग) बमोजिमको शेयर खरिद गर्न लाग्ने अधिकतम वा न्यूनतम रकम र सोको स्रोत,
English: Such other matters as specified by the Rastra Bank with regard to the buy-back of its own shares,
Nepali: (ङ) आफ्नो शेयर आपैmले खरिद गर्ने सम्बन्धमा राष्ट्र बैंकले तोकेको अन्य विवरण,
English: Other necessary matters to be mentioned as per the prevailing laws.
Nepali: (च) प्रचलित कानून बमोजिम खुलाउनु पर्ने अन्य आवश्यक विवरण ।
English: The Rastra Bank may, in cases where, upon inquiry into the application received as per Sub-Section (3) and the details enclosed therewith, it deems appropriate to grant approval to such a bank or financial institution to buy back its own shares, grant such approval.
Nepali: (४) उपदफा (३) बमोजिम प्राप्त निवेदन र सो साथ संलग्न विवरणको जाँचबुझ गर्दा स्वीकृति दिन उपयुक्त हुने देखेमा राष्ट्र बैंकले त्यस्तो बैंक वा वित्तीय संस्थालाई आफ्नो शेयर आपैm खरिद गर्ने स्वीकृति दिन
English: Upon receipt of the approval pursuant to Sub-Section (4), the concerned bank or financial institution may buy back its shares in any of the following manners, within six months from the date of receipt of such approval or within twelve months of the adoption of a special resolution at the General Meeting, whichever is the later: -
Nepali: (५) उपदफा (४) बमोजिम स्वीकृति प्राप्त भएपछि त्यस्तो स्वीकृति प्राप्त गरेको मितिले छ महिना वा साधारण सभाबाट विशेष प्रस्ताव पारित गरेको बाह्र महिनामध्ये जुन पछिल्लो हुन्छ सो अवधिभित्र सम्बन्धित बैंक वा वित्तीय संस्थाले देहायको कुनै उपायबाट आफ्नो शेयर आपैmले खरिद गर्न सक्नेछ ः–
English: By purchasing through the securities market,
Nepali: (क) धितोपत्र बजार मार्पmत खरिद गरेर,
English: By purchasing from the existing shareholders on a proportional basis.
Nepali: (ख) तत्काल कायम रहेको शेयरधनीबाट समानुपातिक रुपमा खरिद गरेर ।
English: If a bank or financial institution buys back its own shares pursuant to Sub- Section (5), it shall file with the Rastra Bank a return containing the number of shares bought back, amount paid for the same and the other necessary details within thirty days of the date of such a buy-back.
Nepali: (६) उपदफा (५) बमोजिम बैंक वा वित्तीय संस्थाले आफ्नो शेयर आपैmले खरिद गरेकोमा त्यस्तो शेयर खरिद गरेको मितिले तीस दिनभित्र आपूmले खरिद गरेको शेयर संख्या, सो बापत भुक्तानी रकम र अन्य आवश्यक विवरणहरुको जानकारी राष्ट्र बैंकलाई गराउनु पर्नेछ ।
English: There shall be established a separate capital redemption reserve fund, to which a sum equal to the face value of the shares bought back pursuant to Sub-Section (5) shall be transferred; and the amount of such fund shall be maintained as if it is the paid-up capital.
Nepali: (७) उपदफा (५) बमोजिम आफ्नो शेयर आपंmैले खरिद गरेको अंकित मूल्य बराबरको रकम चुक्ता पूँजीबाट घटाई छुट्टै पूँजी फिर्ता जगेडा कोष खडा गरी सो कोषमा दाखिला गर्नु पर्नेछ र सो कोषको रकमलाई चुक्ता पूँजी सरह कायम राख्नु पर्नेछ ।
English: If a bank or financial institution buys back its own shares pursuant to Sub- Section (5), it shall cancel the shares so bought back within one hundred twenty days of the date of such a buy-back.
Nepali: (८) उपदफा (५) बमोजिम बैंक वा वित्तीय संस्थाले आफ्नो शेयर आपंmैले खरिद गरेकोमा आपूmले खरिद गरे जति शेयर त्यसरी खरिद गरेको मितिले एक सय बीस दिनभित्र रद्द गरिसक्नु पर्नेछ ।
English: Other provisions regarding buy-back of its own shares by a bank or financial institution shall be as prescribed by the Rastra Bank.
Nepali: (९) बैंक वा वित्तीय संस्थाले आफ्नो शेयर आपैmले खरिद गर्ने सम्बन्धी अन्य व्यवस्था राष्ट्र बैंकले तोके बमोजिम हुनेछ ।
English: Provisions Relating to Board of Directors and Chief Executive
Nepali: सञ्चालक समिति र कार्यकारी प्रमुख सम्बन्धी व्यवस्था
English: Constitution of Board of Directors: (1) A bank or financial institution shall have a Board of Directors comprising at least five Directors and not exceeding seven Directors.
Nepali: १४. सञ्चालक समितिको गठन ः (१) बैंक वा वित्तीय संस्थामा कम्तीमा पाँच र बढीमा सात जना सञ्चालकहरु रहेको एक सञ्चालक समिति रहनेछ ।
English: Subject to this Act and the Articles of Association, the General Meeting of a bank or financial institution shall appoint the Directors:
Nepali: (२) सञ्चालकको नियुक्ति यस ऐन तथा नियमावलीको अधीनमा रही बैंक वा वित्तीय संस्थाको साधारण
English: Provided that,-
Nepali: तर,–
English: Until the First Annual General Meeting of the bank or financial institution is held, promoters shall appoint the Directors.
Nepali: (क) बैंक वा वित्तीय संस्थाको प्रथम वार्षिक साधारण सभा नभएसम्मको अवधिको लागि
English: In case where the position of any Director falls vacant before the holding of the Annual General Meeting, the Board of Directors may appoint a Director until the next General Meeting is held.
Nepali: (ख) वार्षिक साधारण सभा हुनुभन्दा अगावै कुनै सञ्चालकको पद रिक्त हुन आएमा अर्को वार्षिक साधारण सभा नभएसम्मको लागि सञ्चालकको नियुक्ति सञ्चालक समितिद्वारा गर्न सकिनेछ ।
English: In cases where any corporate body has subscribed shares, it may appoint Directors in proportion to the number of shares it has subscribed and while nominating in such a manner, the same person shall not be nominated to more than one bank or financial institution.
Nepali: (ग) कुनै संगठित संस्थाले शेयर लिएको भएमा सो संस्थाले शेयरको अनुपातमा हुन आउने सञ्चालक मनोनयन गर्न सक्नेछ र त्यसरी मनोनयन गर्दा एउटै व्यक्तिलाई एकभन्दा बढी बैंक वा वित्तीय संस्थामा मनोनयन गर्न पाइने छैन ।
English: Notwithstanding anything contained in Clause (c), nothing shall prevent from appointing a person, who is a Director in any bank or financial institution as Director of an Infrastructure Development Bank.
Nepali: (घ) खण्ड (ग) मा जुनसुकै कुरा लेखिएको भए तापनि कुनै बैंक वा वित्तीय संस्थामा सञ्चालक रहेको व्यक्ति पूर्वाधार विकास बैंकमा सञ्चालक हुन भने यस व्यवस्थाले बाधा पुर्याएको मानिने छैन ।
English: The Board of Directors shall appoint at least one independent Director from among the persons possessing qualifications and experience set forth in Section 17 and information thereof shall be furnished to the First General Meeting to be held after such an appointment:
Nepali: (३) सञ्चालक समितिले दफा १७ बमोजिमकोे योग्यता तथा अनुभव भएका व्यक्तिमध्येबाट कम्तीमा एक जना स्वतन्त्र सञ्चालक नियुक्ति गरी सोको जानकारी त्यस्तो नियुक्ति पछि बस्ने पहिलो साधारण सभामा दिनु पर्नेछ ।
English: Provided that no promoter, Director or shareholder possessing more than zero point one percent share of a bank and financial institution and his/her member of family may become an independent Director.
Nepali: तर बंैैक वा वित्तीय संस्थाको संस्थापक, सञ्चालक वा शन्य दशमलव एक प्रतिशतभन्दा बढी शेयर लिएको शेयरधनी तथा निजको परिवार स्वतन्त्र सञ्चालक हुन पाउने छैन ।
English: Notwithstanding anything contained in Sub-Sections (1) and (3), no more than one member of a family may become a Director of any bank or financial institution at the same time.
Nepali: (४) उपदफा (१) र (३) मा जुनसुकै कुरा लेखिएको भए तापनि एक परिवारबाट एक बंैक वा वित्तीय संस्थामा एकैपटक एकभन्दा बढी व्यक्ति सञ्चालक हुन पाउने छैन ।
English: A Director chosen by the Directors from among themselves by a majority votes shall be the Chairperson of the Board of Directors.
Nepali: (५) सञ्चालकले आपूmमध्ये बहुमतबाट छानेको व्यक्ति सञ्चालक समितिको अध्यक्ष हुनेछ ।
English: A company, corporate body, foreign bank or financial institution which has subscribed shares of a bank or financial institution may, while appointing a director in proportion to the shares it has subscribed, appoint an Alternate Director to work in the absence of the Director.
Nepali: (६) बैंक वा वित्तीय संस्थाको शेयर लिएको कम्पनी, संगठित संस्था, विदेशी बैंक वा वित्तीय संस्थाले आपूmले लिएको शेयरको अनुपातमा सञ्चालक नियुक्ति गर्दा सञ्चालकको अतिरिक्त निजको अनुपस्थितिमा काम गर्न सक्ने गरी वैकल्पिक सञ्चालक समेत नियुक्ति गर्न सक्नेछ ।
English: Term of Office of the Directors: (1) The term of office of a Director shall be for a maximum period of four years as provided for in the Articles of Association and he/she may be eligible to be reappointed or re-nominated:
Nepali: १५. सञ्चालकको पदावधि ः (१) सञ्चालकको कार्यकाल नियमावलीमा उल्लेख भए बमोजिम बढीमा चार वर्षको हुनेछ र निज पुनः नियुक्ति तथा मनोनित हुन सक्नेछ ।
English: Provided that an Independent Director may be appointed for only one term of office.
Nepali: तर स्वतन्त्र सञ्चालक एक कार्यकालका लागि मात्र नियुक्त हुन सक्नेछ ।
English: (2) Notwithstanding anything contained in Sub-Section (1), the Executive Chairperson or Managing Director appointed after the commencement of this Act shall remain in office only for two consecutive terms.
Nepali: (२) उपदफा (१) मा जुनसुकै कुरा लेखिएको भए तापनि यो ऐन प्रारम्भ भएपछि नियुक्त भएको कार्यकारी अध्यक्ष वा प्रबन्ध संचालक लगातार दुई कार्यकालसम्म मात्र रहन सक्नेछ ।
English: Qualifications of Director: (1) A person to be appointed to the office of Director shall have to possess the following qualifications:- Having work experience of at least five years as a Director or office bearer level of a foreign or local bank or financial institution or corporate body of the related sector or at the officer level of the Government of Nepal, or
Nepali: १६. सञ्चालकको योग्यता ः (१) सञ्चालकको पदमा नियुक्ति हुने व्यक्तिको योग्यता देहाय बमोजिम हुनुपर्नेछ ः– (क) विदेशी वा स्वदेशी बैंक वा वित्तीय संस्था वा सम्बन्धित क्षेत्रका संगठित संस्थाको सञ्चालक वा पदाधिकारी तहमा वा नेपाल सरकारको अधिकृत स्तरमा कम्तीमा पाँच वर्ष काम गरेको, वा (ख) स्नातकोपाधि हासिल गरेको र विदेशी वा स्वदेशी बैंक वा वित्तीय संस्था वा सम्बन्धित क्षेत्रका संगठित संस्थाको संचालक वा पदाधिकारी तहमा वा नेपाल सरकारको कम्तीमा अधिकृत स्तरमा कम्तीमा तीन वर्ष काम गरेको, वा (ग) तोकिए बमोजिम सम्बन्धित विषयमा स्नातकोत्तर उपाधि हासिल गरेको ।
English: (2) Notwithstanding anything contained in Sub-Section (1), the academic qualifications and experience of a Director of a financial institution of class "D" will be as prescribed by the Rastra Bank from time to time:
Nepali: (२) उपदफा (१) मा जुनसुकै कुरा लेखिएको भए तापनि ‘घ’ वर्गको वित्तीय संस्थाको सञ्चालकको शैक्षिक योग्यता तथा अनुभव राष्ट्र बैंकले समय समयमा तोके बमोजिम हुनेछ ।
English: Provided that the qualifications of an independent director shall be as set out in Section 17.
Nepali: तर स्वतन्त्र सञ्चालकको योग्यता दफा १७ बमोजिम हुनेछ ।
English: Qualifications of Independent Director: While appointing an Independent Director by a bank or financial institution, it shall do so from among the persons having met the following qualifications and experience:- In the case of a class “A” bank or national level class “B” development bank, having obtained at least master’s degree in a subject as prescribed by the Rastra Bank and experience as prescribed by the Rastra Bank,
Nepali: १७. स्वतन्त्र सञ्चालकको योग्यता ः बैंक वा वित्तीय संस्थाले स्वतन्त्र सञ्चालकको नियुक्ति गर्दा देहायको योग्यता तथा अनुभव प्राप्त व्यक्ति मध्येबाट गर्नु पर्नेछ ः– (क) ‘क’ वर्गको बैंक वा ‘ख’ वर्गको राष्ट्रियस्तरको विकास बैंकको हकमा राष्ट्र बैंकले तोकेको विषयमा स्नातकोत्तर गरी राष्ट्र बैंकले तोके बमोजिम अनुभव प्राप्त व्यक्ति,
English: In the case of a class “B” development bank and a financial institution of class "C", other than the class “B” development bank of the national level, having obtained at least bachelor’s degree in a subject prescribed by the Rastra Bank and work experience as prescribed by the Rastra Bank,
Nepali: (ख) ‘ख’ वर्गको राष्ट्रियस्तरको विकास बैंक बाहेक ‘ख’ वर्गको अन्य विकास बैंक एवं ‘ग’ वर्गको वित्तीय संस्थाको हकमा राष्ट्र बैंकले तोकेको विषयमा स्नातक गरी राष्ट्र बैंकले तोके बमोजिम अनुभव प्राप्त व्यक्ति,
English: In the case of a micro finance institution of class "D", a person possessing the qualifications and experience prescribed by the Rastra Bank.
Nepali: (ग) ‘घ’ वर्गको लघुवित्त वित्तीय संस्थाको हकमा राष्ट्र बैंकले तोके बमोजिम योग्यता तथा अनुभव प्राप्त व्यक्ति ।
English: Disqualification of Directors: (1) The following persons shall not be eligible to become a Director of the a bank or financial institution:-
Nepali: १८. सञ्चालकको अयोग्यता ः (१) बैंक वा वित्तीय संस्थाको सञ्चालक हुन देहायको व्यक्ति योग्य हुने छैनः–
English: If he or she has not attained the age of 25 years,
Nepali: (क) २५ वर्ष उमेर पूरा नभएको,
English: If he or she is of unsound mind or insane,
Nepali: (ख) मगज बिग्रिएको वा मानसिक सन्तुलन ठीक नभएको,
English: If he or she has been declared bankrupt in Nepal or abroad for being unable to pay debt,
Nepali: (ग) नेपालभित्र वा विदेशमा कर्जा तिर्न नसकी साहुको दामासाहीमा परेको,
English: If he or she has been blacklisted or declared a defaulter in connection with any transaction with any bank or financial institution in Nepal or in abroad, and a period of at least three years has not been lapsed after removal of his\her name from the blacklist or list of defaulter,
Nepali: (घ) नेपालभित्र वा विदेशमा बैंक वा वित्तीय संस्थासँगको कुनै कारोबारमा कालोसूची वा डिफल्टरमा परी सो कालोसूची वा डिफल्टरबाट फुकुवा भएको मितिले कम्तीमा तीन वर्ष पूरा नभएको,
English: An incumbent Director or an employee of any corporate body carrying out transactions of a bank or financial institution or any institution collecting any type of deposits or carrying out transactions relating to insurance,
Nepali: (ङ) बैंक वा वित्तीय संस्था वा कुनै पनि प्रकारको निक्षेप संकलन गर्ने तथा बिमा सम्बन्धी व्यवसाय सञ्चालन गर्ने संगठित संस्थाको बहालवाला सञ्चालक वा कर्मचारी,
English: A borrower or an incumbent auditor or an advisor of the concerned bank or financial institution or a person, firm or company who/which is a partner in any kind of contract with the concerned bank or financial institution or having personal interests,
Nepali: (च) सम्बन्धित बैंक वा वित्तीय संस्थाको ऋणी वा बहालवाला लेखापरीक्षक वा सल्लाहकार वा बैंक वा वित्तीय संस्थासँग कुनै किसिमको ठेक्का पट्टामा हिस्सेदार रहेको वा निजी स्वार्थ रहेको व्यक्ति, फर्म र कम्पनी,
English: Who has acquired the membership of the Stock Exchange to act as a securities broker or a merchant banker,
Nepali: (छ) धितोपत्र व्यवसायीको रुपमा कार्य गर्न धितोपत्र बजारको सदस्यता प्राप्त गरेको वा मर्चेण्ट बैंकर,
English: Incumbent Director of a licensed bank or financial institution,
Nepali: (ज) इजाजतपत्र प्राप्त संस्थाको संचालकमा बहाल रहेको व्यक्ति,
English: A person, who has not subscribed to the minimum number of shares required to subscribe to be eligible for appointment as a Director pursuant to the Articles of Association of a bank or financial institution,
Nepali: (झ) शेयर स्वामित्वका कारणले सञ्चालक हुन सम्बन्धित बैंक वा वित्तीय संस्थाको नियमावली बमोजिम सञ्चालक हुनको लागि लिनुपर्ने न्यूनतम शेयर नलिएको व्यक्ति,
English: Incumbent employee of the Government of Nepal, or a corporate body having ownership of the Government of Nepal, or Rastra Bank or of a bank or financial institution,
Nepali: (ञ) नेपाल सरकार वा नेपाल सरकारको स्वामित्व प्राप्त संगठित संस्था वा राष्ट्र बैंक वा बैंक वा वित्तीय संस्थाको बहालवाला कर्मचारी,
English: Provided that nothing in this clause shall prevent from nominating a Director in a micro-finance institution or infrastructure development bank, of which share has been purchased by the Government of Nepal or an institution having under the ownership of the Government of Nepal or Rastra Bank or bank or financial institution.
Nepali: तर नेपाल सरकार वा नेपाल सरकारको स्वामित्व प्राप्त संस्थाले शेयर खरिद गरेको वा राष्ट्र बैंक वा बैंक वा वित्तीय संस्थाले शेयर खरिद गरेको लघुवित्त संस्था वा पूर्वाधार विकास बैंकमा सञ्चालक मनोनित गर्न यस व्यवस्थाले बाधा पुर्याएको मानिने छैन ।
English: Who, having a liability to pay taxs pursuant to the laws in force, has failed to pay the same
Nepali: (ट) प्रचलित कानून बमोजिम तिर्नु पर्ने कर चुक्ता नगरेको,
English: If he or she has not completed a period of ten years after serving out the sentence upon being convicted of an offence of theft, cheating, forgery, fraud, corruption, any offence involving moral turpitude or a banking offence from a court of Nepal or that of a foreign country,
Nepali: (ठ) चोरी, ठगी, किर्ते, जालसाजी, भ्रष्टाचार, नैतिक पतन देखिने कुनै पनि फौजदारी कसुर वा बैंकिङ्ग कसुर गरेको अभियोगमा नेपाल वा विदेशी मुलुकको अदालतबाट कसुरदार ठहर भई सजाय भुक्तान भएको दश वर्ष अवधि व्यतित नभएको,
English: If action had been taken against him or her by a regulatory agency as per the law for committing an act in contravention of the law and if he or she has not completed a period of five years after being taken such action,
Nepali: (ड) प्रचलित कानून बमोजिम नियमनकारी निकायले कानून विपरीत कार्य गरेको भनी कारबाही गरेको वा त्यस्तो कारबाही भएको पाँच वर्ष अवधि व्यतित नभएकोे,
English: In the case of an independent Director, If he or she is a promoter or a shareholder holding ownership of more than 0.1 % share of the concerned bank or financial institution,
Nepali: (ढ) स्वतन्त्र सञ्चालकको हकमा निज सम्बन्धित बैंक वा वित्तीय संस्थाको संस्थापक वा शुन्य दशमलव एक प्रतिशत भन्दा बढी शेयर स्वामित्व रहेको,
English: If he or she has not served the full sentence or is yet to clear the dues of the fine imposed by a court of law or if he or she is in arrears to pay a government due.
Nepali: (ण) अदालतको फैसला बमोजिम लागेको कैद, जरिबाना तिर्न बुझाउन बाँकी रहेको, सरकारी बाँकी तिर्न बुझाउन बाँकी रहेको ।
English: (2) Notwithstanding anything contained in Clause (e) of Sub-Section (1), an official or employee of a bank or financial institution may work as a Director of a subsidiary company of the same bank or financial institution.
Nepali: (२) उपदफा (१) को खण्ड (ङ) मा जुनसुकै कुरा लेखिएको भए तापनि बैंक वा वित्तीय संस्थाको पदाधिकारी वा कर्मचारीले सोही बैंक वा वित्तीय संस्थाको सहायक कम्पनीको सञ्चालक भई काम गर्न सक्नेछ ।
English: Ineligibility to Remain in Office of Director : (1) No person shall remain in the office of Director of a bank or financial institution in any of the following circumstances: - If he or she does not possess the qualifications as referred to in Sections 16 or 17 or is disqualified pursuant to Section 18,
Nepali: १९. सञ्चालकको पदमा बहाल रहन नसक्ने अवस्था ः (१) देहायका अवस्थामा कुनै पनि व्यक्ति बैंक वा वित्तीय संस्थाको सञ्चालकको पदमा बहाल रहने छैन ः– (क) दफा १६ वा १७ बमोजिमको योग्यता नभएमा वा दफा १८ बमोजिम अयोग्य भएमा,
English: In cases where a motion to remove from the office of a Director is adopted by a majority of the General Meeting at the recommendation of the group from which he/she was appointed to the office of Director that is passed by the shareholders having representation of at least fifty one percent of the shares of the same group,
Nepali: (ख) जुन समूहबाट सञ्चालक नियुक्ति भएको हो सोही समूहको कम्तीमा एकाउन्न प्रतिशत शेयरको प्रतिनिधित्व हुने शेयरधनीले सञ्चालकको पदबाट हटाउन साधारण सभामा पेश गरेको प्रस्ताव बहुमतले पारित गरेमा,
English: Explanation: For the purpose of this Section, “group” means a group of promoters and shareholders from the general public.
Nepali: स्पष्टीकरण ः यस दफाको प्रयोजनका लागि “समूह” भन्नाले संस्थापक र सर्वसाधारण शेयरधनीको समूह सम्झनु पर्छ ।
English: If the resignation tendered by a Director from his/her position is approved,
Nepali: (ग) सञ्चालकले आफ्नो पदबाट दिएको राजीनामा स्वीकृत भएमा,
English: In case he or she commits any act that is not supposed to be committed under this Act or directives of Rastra Bank,
Nepali: (घ) यस ऐन वा राष्ट्र बैंकको निर्देशन बमोजिम सञ्चालकले गर्न नहुने कुनै कार्य गरेमा,
English: If the Rastra Bank directs to remove from the office stating that since he or she carried out activities against the rights and interests of the bank or financial institution or of the depositors and as such he or she is not competent to perform the functions of a Director of the bank or financial institution.
Nepali: (ङ) बैंक वा वित्तीय संस्था वा निक्षेपकर्ताको हकहित विपरीत कार्य गरेको कारण निज बैंक वा वित्तीय संस्थाको सञ्चालक पदमा रही कार्य सम्पादन गर्न अयोग्य रहेको भनी राष्ट्र बैंकले निजलाई हटाउन निर्देशन दिएमा ।
English: In cases where a bank or financial institution deems that any of its Directors is disqualified to remain in office of Director according to this Act or the Rastra Bank Act or he or she no more holds the position of Director, written information thereof shall be given to the Rastra Bank within fifteen days.
Nepali: (२) बैंक वा वित्तीय संस्थालाई आफ्नो कुनै सञ्चालक यस ऐन वा राष्ट्र बैंक ऐन बमोजिम सो पदमा बहाल रहन अयोग्य छ भन्ने लागेमा वा सञ्चालक पदमा बहाल नरहेमा त्यसको पन्ध्र दिनभित्र राष्ट्र बैंकलाई लिखित रुपमा जानकारी दिनु पर्नेछ ।
English: The Rastra Bank may, if it has received in written form with regard to a Director that he/she is disqualified to remain in office pursuant to Sub-Section (2), issue appropriate direction after carrying out necessary enquiry.
Nepali: (३) उपदफा (२) बमोजिम पदमा बहाल रहन अयोग्य छ भनी लेखी आएको सञ्चालकको सम्बन्धमा राष्ट्र बैंकले आवश्यक जाँचबुझ गरी उपयुक्त निर्देशन दिन सक्नेछ ।
English: Provision Regarding a Person Holding Constitutional Position: No person, who holds a constitutional position shall, so long as he/she is holding such a position, may remain in the Board of Directors or become the Chief Executive of any bank or financial institution.
Nepali: २०. संवैधानिक पद धारण गरेको व्यक्तिको सम्बन्धमा ः संवैधानिक पद धारण गरेको व्यक्ति त्यस्तो पदमा बहाल रहुञ्जेल कुनै पनि बैंक वा वित्तीय संस्थाको संचालक समितिमा र कार्यकारी प्रमुखको पदमा बस्न सक्ने छैन ।
English: Meetings of Board of Directors: (1) Meetings of the Board of Directors shall have to be held at least twelve times in a year.
Nepali: २१. सञ्चालक समितिको बैठक ः (१) सञ्चालक समितिको बैठक वर्षमा कम्तीमा बाह्र पटक बस्नु पर्नेछ
English: Provided that the interval between the two meetings shall not exceed sixty days.
Nepali: तर, दुई वटा बैठकको बीचको फरक साठी दिनभन्दा बढी हुने छैन ।