chhatramani/Nepal-Legal-Text-Corpus-44laws huggingface dataset:
Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 112: Statement of Unclaimed Deposits
(1) A bank or financial institution shall, within the first month of each fiscal year, submit to the Rastra Bank statement of deposit accounts which have remained unreported and of those the title to which have not been claimed under this Act for ten years.
2) A bank or financial institution shall publish a notice to collect the unused or unclaimed deposits as referred to in sub-section (1) once every five years in a national-level daily newspaper. Detailed descriptions of that shall also have to be kept by the bank or financial institution on its website.
3) In case the amount as referred to in sub-section (1) is not collected for a period of twenty years, such deposit shall be collected to the Banking Development Fund of the Rastra Bank and be used for banking development.

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 113: Recovery from or confiscation of deposits
If any business or transaction is carried on by pledging as collateral or security the amount deposited with a bank or financial institution, or if amounts are deposited with a bank or financial institution with misappropriated funds belonging to the governmental body or anybody owned by the Government of Nepal, or with funds obtained by committing any act which is deemed to be an offense under the prevailing laws, or with funds collected through any activity relating to terrorism or organized crime or banking or financial offence or organized crime, such deposits may be confiscated or such collateral or security or misappropriated or other funds may be recovered from such deposits or such deposit may be confiscated in accordance with the prevailing laws.

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 114: Recovery from Director
In case any Director is found to have taken any cash or kind for personal benefit in the course of a transaction of a bank or financial institution, the bank or financial institution shall have to recover such cash or kind from such Director.

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Sectiom115: Claims may not be made
In case any person is found to have entered into any transaction with any Director or his/her representative knowingly or having adequate reasons to believe that the Director entered into the transaction for his/her interests or causing loss to the bank or financial institution, such a person may not make a claim against the bank or financial institution with regard to such transaction.
Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 116: Government of Nepal to be plaintiff
1) The case relating to offences as referred to in Section 103 shall be filed with the Government of Nepal being the plaintiff, and such case shall be deemed to have been included in Schedule 1 of the Government Cases Act enforcement.
2) Anyone may file a complaint in writing or verbally against any Director, official, employee, borrower or any other person committing an offence referred to in Section 103, along with evidence thereof at the nearby police office. While filing such a complaint, it shall not be required to mention the name.
3) The Rastra Bank shall have to extend necessary cooperation in all acts of investigation, prosecution and adjudication of the offences as referred to in Section 103.

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 117: Provisions on Transparency
1) A bank or financial institution or a branch of a foreign bank or financial institution shall have to publish a periodic report on its financial position and status of risks in every three months for transparency of the transactions it has carried out.
2) The minimum matters to be included in the report, as referred to in sub-section (1), shall be as prescribed by the Rastra Bank.

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 118: Provisions on Protection of Customers’ Interests
The Rastra Bank may carry out the following functions for the purpose of protecting the interests of consumers:-
(a) To make assurance that the licensed bank or financial institution has been carrying out its financial transactions as per the prevailing laws and that they have been making available financial services to the consumers in a transparent and fair manner,
(b) To make coordination on matters of protection of interests of customers in the financial sector,
(c) To collect necessary information to reform in the sector of protection of interests of consumers in the banking sector and to bring financial literacy

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 119: Exemption and facilities
1) Any mortgage deed of movable or immovable assets to be made for credit not exceeding one million rupees supplied by a bank or financial institution to any citizen of Nepal or any institution established in accordance with the laws in force for agriculture, cottage and small-scale industry, irrigation, hydropower generation and for any other enterprise as specified by the Government of Nepal shall not be required to make registration.
2) The repayment period of the credit and deposits shall be as prescribed by the bank or financial institution.
3) No revenue stamp fee shall be charged on any deeds or documents related to the bank or financial institution.

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 120: Expenditures Management
The Rastra Bank may issue necessary directives on preliminary, incorporation, administrative, commercial and managerial as well as other expenditures of bank or financial institutions.
Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 121: Statement of Assets to be submitted
A Director, official and Chief Executive of a bank or financial institution shall have to submit the statement of entire movable and immovable assets and liabilities in his/her name and in the name of his/her family members within sixty days from the date of completion of every fiscal year to concerned Bank and information thereof shall be given to the Rastra Bank. While submitting such a statement, the source of such income shall also have to be mentioned.

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section122: Credit, Liabilities and Titles against the Collateral of Credit may be purchased or  sold
Notwithstanding anything contained in prevailing laws of Nepal and unless otherwise provided for in the agreement concerning credit, the title over the credit given by any bank or financial institution to any person or of the liability it has assumed and of the movable or immovable assets pledged as collateral (the title of a mortgage) may also be purchased or sold.

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 123: Settlement of Disputes
1) In the event of any dispute incurred between banks or financial institutions, such dispute shall have to be settled in mutual understanding.
2) In case the dispute cannot be settled through mutual consent in accordance with sub-section (1), Rastra Bank shall settle the dispute through mediation or other methods of dispute resolution as per the prevailing laws.
3) The decision made by the Rastra Bank pursuant to sub-section (2) shall be final.

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 124: Not to be liable for acts done in good faith
1) The official or employee of the Rastra Bank or a bank or financial institution shall not be held individually or collectively liable for any act carried out in good faith under this Act or Rastra Bank Act or the Rules or Byelaws framed hereunder or the orders or directives issued thereunder.
2) If any kind of lawsuit is filed against the Rastra Bank, a bank or financial institution or an official thereof in relation to any loss or damage caused or likely to be caused by any act carried out or supposed to be carried out in good faith for the compliance with this Act or Rastra Bank Act or the Rules or Byelaws framed hereunder or the orders or directives issued thereunder, the concerned institution shall bear the expenses of such lawsuit.
Provided that in case of the act committed out of enmity, negligence or malafide intention, the concerned person shall be liable, and Rastra Bank or a bank or finance company shall not bear the expenses to be incurred on such matter.

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 125: Actions taken not to be invalidated
No action taken by a Director or Board of Directors shall be invalidated solely for the reason of the commission of any irregularity in the appointment of the Director of a bank or financial institution or formation of any committee or for the vacancy of the office of Director.
Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 126: Study Committee or Sub-committee may be formed
1) The Rastra Bank may, in order to carry out an overall study on banking and financial laws, credit recovery, stability of the financial sector, judicial development, and contemporary reforms on the financial system and to submit the report, form an expert study committee comprising representative of the Rastra Bank, bank or financial institutions and concerned agencies and experts.
2) The Rastra Bank may form sub-committees as may be necessary for the purpose of sub-section (1).
3) The functions, duties and powers of and facilities of the Study Committee as referred to in sub-section (1) or of the sub-committee as referred to in sub-section (2) shall be as specified by the Rastra Bank.

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 127: Oath of Office
1) The director, official, Chief Executive or employee of a bank or financial institution shall, prior to assuming the duties of his or her office, take an oath of office and secrecy according to the format as referred to in the Annex.
2) The oath referred to in sub-section (1) shall be administered by the Rastra Bank to the Chairperson, by the Chairperson to other Directors and Chief Executive and by the Chief Executive or official designated by him/her to other officials and employees.

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 128: Amendment of Memorandum of Association and Articles of Association
Notwithstanding anything contained in prevailing laws, an amendment to the Memorandum of Association and Articles of Association of the bank or financial institution shall not be applicable unless approved by the Rastra Bank.

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 129: This Act shall be Prevailed
1) On the matters as referred to in this Act or the Rules, Byelaws, Guidelines Orders or Directives issued under this Act, it shall be according to those provisions and in other matters, it shall be according to Rastra Bank Act and other prevailing laws.
2) The provisions of the Rastra Bank Act shall be applied to the activities of regulation, inspection supervision and settlement of the bank or financial institutions established under this Act.

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 130: Power to Remove Difficulties
(1) If any difficulty arises in the enforcement of any provision of this Act, the Rastra Bank may, with the approval of the Government of Nepal, issue necessary orders to remove such difficulty.
(2) While issuing an order for removing difficulty pursuant to sub-section (1), reasons and justification thereof shall have to be mentioned.

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 131: Power to issue Order or Direction
The Rastra Bank may, subject to this Act or the Rules or Byelaws framed hereunder, issue order or directive to bank or financial institution as may be necessary.
Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 132: Power to frame Rules, By-laws
1) The Rastra Bank may, if it deems necessary, frame and enforce necessary Rules and By-laws for implementing this Act.
2) The Rules framed by the Rastra Bank pursuant to Sub-Section (1) shall be commenced only after granting approval by the Government of Nepal.

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 133: Power to frame By-laws and Procedures
1) The Board of Directors may, in order to operate its institutional, administrative and business transactions in a systematic manner, frame byelaws on any or all of the following matters subject to this Act and the terms and conditions, limitations and norms as prescribed by the Rastra Bank:-
(a) On appointment, promotion, transfer, dismissal, remuneration, allowances, gratuity, pension, leave, code of conduct, discipline, and terms and conditions of services and formation of such services,
(b) On financial administration of the bank or financial institution,
(c) On writing off of credits,
(d) On other matters as prescribed by the Rastra Bank from time to time.
2) In addition to the matters as referred to in sub-section (1), a bank or financial institution may frame procedures/guidelines on the following matters as may be necessary:-
(a) On meeting of the Board of Directors and procedures of the General Meeting,
(b) On delegation of authority by the Board of Directors to Director, Chief Executive, Official or employee,
(c) On the terms and conditions of the contract to be concluded on behalf of bank or financial institutions,
(d) On the procedures of the use of the seal of bank or financial institutions,
(e) On valuation of non-banking assets to be mortgaged at the time of disbursement of credits or at the time of auction,
(f) On other actions and proceedings to be carried out under this Act by banks or financial institutions,
(g) On crushing documents and papers,
(h) On other matters as prescribed by the Rastra Bank from time to time.

Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Section 134: Repeal and saving
1) The Banks and Financial Institutions Act, 2006 is hereby repealed.
2) Acts carried out and actions taken according to the Act repealed pursuant to sub-section (1) shall be deemed to have been taken under this Act.
Bank and Financial Institution Act 2073

Chapter-14 Miscellaneous

Annex
(Relating to Sub-Section (1) of Section 127)
Format of Oath of Office
I, ……solemnly and sincerely resolve that as I have been appointed/nominated/elected to the office of ………of the .bank or financial institution, I shall perform the duties of my office according to the prevailing Act, Rules and policies, regulation and directives of the Rastra Bank having always taken account of promotion of financial system and interests of the bank or financial institution and with honesty. I also do solemnly resolve with a high sense of honesty and truth that I shall not disclose the transactions and matters of the bank or financial institution to be kept confidential. Except in case authorized by the Board of Directors or compelled by the law, I shall not disclose, directly or indirectly, in any manner any information or matter that came to my knowledge as in the capacity of …………, whether I shall continue in the office or discontinue it.
The person taking the oath               The person administering the oath
Name:                                                      Name:
Designation:                                           Designation:
Signature:                                                Signature:
Date:                                                          Date:
Date of authentication: 2074-01-10 BS (April 23, 2017 AD
बैङ्क तथा वित्तीय संस्था सम्बन्धी ऐन २०७३

प्रस्तावना
प्रमाणीकरण तथा प्रकाशन मिति
२०७४।१।१०
संशोधन गर्ने ऐन
१) नेपालको संविधान अनुकूल बनाउन केही नेपाल ऐनलाई संशोधन गर्ने ऐन, २०७५           २०७५।११।१
२)मुलुकी संहिता सम्बन्धी केही नेपाल ऐनलाई संशोधन गने ऐन, २०७५                     २०७६|१|२
संवत् २०७४ ऐन नं. १
बैङ्क तथा वित्तीय संस्था सम्बन्धी कानुनमा संशोधन र एकीकरण गर्न बनेको ऐन
प्रस्तावना मुलुकको समग्र बैङ्किङ्ग तथा वित्तीय प्रणालीप्रति सर्वसाधारणको विश्वसनीयता अभिवृद्धि गर्न, निक्षेपकर्ताको हकहितको संरक्षण र संवर्द्धन गर्न, बैङ्क तथा वित्तीय संस्थाहरुबीच स्वस्थ प्रतिस्पर्धाद्वारा गुणस्तरीय तथा भरपर्दो बैङ्किङ्ग तथा वित्तीय सेवा उपलब्ध गराई राष्ट्रिय अर्थतन्त्रलाई सवल एवं सुदृढ बनाउन तथा वित्तीय स्थायित्व कायम गर्नको लागि बैङ्क तथा वित्तीय संस्थाको संस्थापना, सञ्चालन, व्यवस्थापन, नियमन, निरीक्षण तथा सुपरिवेक्षण सम्बन्धी प्रचलित कानुनमा संशोधन र एकीकरण गरी समयानुकूल बनाउन वाञ्छनीय भएकोले,
नेपालको संविधानको धारा २९६ को उपधारा (१) बमोजिमको व्यवस्थापिका–संसदले यो ऐन बनाएको छ ।

बैङ्क तथा वित्तीय संस्था सम्बन्धी ऐन २०७३

परिच्छेद–१ प्रारम्भिक

दफा१ः संक्षिप्त नाम, विस्तार र प्रारम्भ
१) यस ऐनको नाम “बैङ्क तथा वित्तीय संस्था सम्बन्धी ऐन, २०७३” रहेको छ ।
२) यो ऐन नेपाल राज्यभर लागू हुनेछ र नेपालमा स्थापित बैंक वा वित्तीय संस्थाले नेपाल बाहिर खोलेका शाखा वा सम्पर्क कार्यालय समेतमा लागू हुनेछ ।
३) यो ऐन तुरुन्त प्रारम्भ हुनेछ ।
बैङ्क तथा वित्तीय संस्था सम्बन्धी ऐन २०७३

परिच्छेद–२ बैङ्क वा वित्तीय संस्था संस्थापना सम्बन्धी व्यवस्था

दफा ३ः बैङ्क वा वित्तीय संस्थाको संस्थापना
१) यस ऐन बमोजिम बैङ्किङ्ग तथा वित्तीय कारोबार गर्नको लागि बैङ्क वा वित्तीय संस्था संस्थापना गर्न चाहने कुनै पनि व्यक्तिले त्यस्तो बैङ्क वा वित्तीय संस्था प्रचलित कानुन बमोजिम पब्लिक लिमिटेड कम्पनीको रूपमा दर्ता गराउनु पर्नेछ ।
तर यो ऐन प्रारम्भ हुँदाका बखत सञ्चालनमा रहेका बैङ्क वा वित्तीय संस्थाले यो उपदफा बमोजिम दर्ता गर्नु पर्ने छैन ।
२) उपदफा (१) बमोजिम कम्पनी दर्ता गर्न प्रचलित कानुन बमोजिम अख्तियार पाएको अधिकारीले कम्पनी दर्ता गर्दा दफा ४ को अधीनमा रही गर्नु पर्नेछ ।
बैङ्क तथा वित्तीय संस्था सम्बन्धी ऐन २०७३

परिच्छेद–२ बैङ्क वा वित्तीय संस्था संस्थापना सम्बन्धी व्यवस्था

दफा ४ः  बैङ्क वा वित्तीय संस्थाको संस्थापना गर्नु पूर्व स्वीकृति लिनु पर्ने
१) दफा ३ को प्रयोजनको लागि बैङ्क वा वित्तीय संस्था प्रचलित कानुन बमोजिम दर्ता गर्न निवेदन दिनु अघि सम्बन्धित व्यक्ति वा संस्थाले देहायका कागजात संलग्न गरी राष्ट्र बैङ्कले तोकेको दस्तुर सहित पूर्व स्वीकृतिको लागि राष्ट्र बैङ्क समक्ष निवेदन दिनु पर्नेछ ;
(क) प्रस्तावित बैङ्क वा वित्तीय संस्थाको प्रबन्धपत्र,
(ख) प्रस्तावित बैङ्क वा वित्तीय संस्थाको नियमावली,
(ग) प्रस्तावित बैङ्क वा वित्तीय संस्थाको सम्भाव्यता अध्ययन प्रतिवेदन,
(घ) राष्ट्र बैङ्कले तोकेको ढाँचामा निवेदकको व्यक्तिगत विवरण,
(ङ) प्रस्तावित बैङ्क वा वित्तीय संस्था संस्थापना गर्न निवेदकबीच कुनै सम्झौता भएको रहेछ भने त्यस्तो सम्झौताको प्रमाणित प्रतिलिपि,
(च) निवेदकको लगानीको श्रोत खुलेको विवरण र यस दफा बमोजिम निवेदन दिनु भन्दा तत्काल अघिल्लो आर्थिक वर्षसम्मको कर चुक्ता गरेको प्रमाण,
(छ) निवेदक नेपाल वा विदेशमा दामासाहीमा परे नपरेको, कुनै बैङ्क वा वित्तीय संस्थाबाट कर्जा लिए नलिएको, बैङ्क वा वित्तीय संस्थानसँगको कुनै कारोबारमा कालो सूचीमा परे नपरेको, परेको भए सो फुकुवा भई तीन वर्षको अवधि व्यतित भए नभएको विवरण,
(ज) निवेदकको विरुद्ध ठगी, जालसाजी, वा प्रचलित कानुन बमोजिम कसुर मानिने कार्यमा नेपाल वा विदेशमा कुनै कारबाही नचलेको एवं त्यस्तो कसुरजन्य कार्यमा सजाय नपाएको स्वघोषणा,
(झ) निवेदक नेपाल वा विदेशको कुनै पनि नियमनकारी वा सुपरिवेक्षण गर्ने निकाय वा अधिकारीबाट कारबाहीमा परे नपरेको, निज संलग्न रहेको कम्पनी वा संस्थाको इजाजतपत्र निलम्बन वा रद्द भएको वा बाध्यात्मक खारेजीमा परेको वा पर्ने क्रममा रहे नरहेको विवरण,
(ञ) निवेदकको परिवारको सदस्यको नाम, थर र नाता तथा उल्लेख्य स्वामित्व वा उल्लेख्य हैसियतको विवरण र निजहरू कुनै संस्थामा सञ्चालक, पदाधिकारी वा कर्मचारी भई काम गरेको भए प्रत्येक व्यक्तिको दर्जा समेत उल्लेख गरिएको विवरण,
तर, निवेदक संगठित संस्था भएमा सो संगठित संस्थामा उल्लेख्य स्वामित्व वा हैसियत राख्ने व्यक्तिको विवरण, पछिल्लो तीन आर्थिक वर्षको लेखापरीक्षण गरिएको वित्तीय विवरण र सो संगठित संस्थाको कर चुक्ता प्रमाणपत्र समेत संलग्न गर्नु पर्नेछ ।
(ट) निवेदकको वित्तीय तथा व्यावसायिक पृष्ठभूमिको सम्बन्धमा जाँचबुझ गर्न वा गराउन वा त्यस्तो सूचना तथा जानकारी आदान प्रदान गर्न गराउन राष्ट्र बैङ्कलाई दिएको लिखित अख्तियारी,
(ठ) राष्ट्र बैङ्कबाट तोकिएको सीमासम्मको निक्षेप सुरक्षण गर्ने प्रतिबद्धता,
(ड) राष्ट्र बैङ्कले समय समयमा तोकिदिएको अन्य विवरण तथा कागजात ।
२) उपदफा (१) बमोजिम पूर्व स्वीकृतिको लागि प्राप्त निवेदन र सो साथ संलग्न कागजातको जाँचबुझ गर्दा स्वीकृति दिन उपयुक्त हुने देखेमा राष्ट्र बैङ्कले कुनै शर्त तोकी वा नतोकी त्यसरी निवेदन पर्न आएको एकसय बीस दिनभित्र त्यस्तो बैङ्क वा वित्तीय संस्था संस्थापना गर्न पूर्व स्वीकृति दिन सक्नेछ ।
३) उपदफा (२) मा जुनसुकै कुरा लेखिएको भए तापनि देहायका व्यक्ति र निजको परिवारको सदस्यको उल्लेख्य स्वामित्व भएको फर्म वा कम्पनीलाई बैङ्क वा वित्तीय संस्था संस्थापना गर्न पूर्व स्वीकृति दिइने छैन ;
(क) राष्ट्र बैङ्कको नियमनकारी कारबाहीमा परेको,
(ख) बैङ्किङ्ग कसुरमा सजाय पाएको,
(ग) ठगी, जालसाजी, किर्तेमा सजाय पाएको,
(घ) सम्पत्ति शुद्धीकरण तथा आतंकवादी क्रियाकलापमा वित्तीय लगानी सम्बन्धी कसुरमा सजाय पाएको,
(ङ) भ्रष्टाचार सम्बन्धी कसुरमा सजाय भएको,
(च) मानव बेचबिखन, अपहरण, शरीरबन्धक, जवरजस्ती करणी जस्ता गम्भीर प्रकृतिका कसुरमा सजाय पाएको ।
बैङ्क तथा वित्तीय संस्था सम्बन्धी ऐन २०७३

परिच्छेद–२ बैङ्क वा वित्तीय संस्था संस्थापना सम्बन्धी व्यवस्था

दफा ५ः विदेशी लगानीमा बैङ्क वा वित्तीय संस्था संस्थापना गर्न पूर्व स्वीकृति लिनु पर्ने
१) कुनै विदेशी बैङ्क वा वित्तीय संस्थाले नेपालमा संस्थापना भएको संगठित संस्था वा नेपाली नागरिकसँग मिली संयुक्त लगानीमा वा राष्ट्र बैङ्कले तोके बमोजिमको शेयर स्वामित्व कायम हुने गरी सहायक कम्पनीको रूपमा यस ऐन बमोजिम बैङ्क वा वित्तीय संस्था संस्थापना गर्न पूर्व स्वीकृति लिने प्रयोजनको लागि निवेदन दिँदा दफा ४ को उपदफा (१) मा उल्लिखित कागजातहरूका अतिरिक्त राष्ट्र बैङ्कले तोकेको दस्तुर सहित देहाय बमोजिमका कागजात तथा विवरण समेत पेश गर्नु पर्नेछ ;
(क) विदेशी बैङ्क वा वित्तीय संस्थाको प्रबन्धपत्र, नियमावली तथा सम्बन्धित मुलुकमा उक्त बैङ्क वा वित्तीय संस्था दर्ता भएको प्रमाणपत्रको प्रतिलिपि र पूँजी संरचना,
(ख) विदेशी बैङ्क वा वित्तीय संस्थाको सम्बन्धित मुलुकमा बैङ्किङ्ग तथा वित्तीय कारोबार सञ्चालन गर्न प्राप्त गरेको इजाजतपत्रको प्रतिलिपि,
(ग) कारोबार गर्ने मुख्य स्थान सम्बन्धी विवरण,
(घ) विदेशी बैङ्क वा वित्तीय संस्थाको लेखापरीक्षण गरिएको पछिल्लो तीन आर्थिक वर्षको वासलात र नाफा–नोक्सान हिसाबको प्रमाणित प्रतिलिपि,
(ङ) नेपालमा प्रस्तावित व्यवसायको योजना, व्यावसायिक रणनीति तथा सञ्चालन गर्ने कारोबारको किसिम, आन्तरिक नियन्त्रण र जोखिम व्यवस्थापन सम्बन्धी विवरण,
(च) विदेशी बैङ्क वा वित्तीय संस्थाले सम्बन्धित मुलुकको कानुन बमोजिम नेपालमा बैङ्क वा वित्तीय संस्था खोल्न गरेको निर्णय र त्यस्तो मुलुकको नियमनकारी निकायले दिएको अख्तियारी ।
२) उपदफा (१) बमोजिम पूर्व स्वीकृतिको लागि प्राप्त निवेदन र सो साथ संलग्न कागजातको जाँचबुझ गर्दा स्वीकृति दिन उपयुक्त हुने देखेमा राष्ट्र बैङ्कले कुनै शर्त तोकी वा नतोकी त्यसरी निवेदन पर्न आएको एकसय बीस दिनभित्र विदेशी बैङ्क वा वित्तीय संस्थालाई तोकिदिएको सीमासम्मको शेयर लगानी वा संयुक्त लगानीमा बैङ्क वा वित्तीय संस्था संस्थापना गर्न पूर्व स्वीकृति दिन सक्नेछ ।
३) विदेशी बैङ्क वा वित्तीय संस्थाले राष्ट्र बैङ्कबाट पूर्व स्वीकृति लिई सञ्चालनमा रहेको स्वदेशी बैङ्क वा वित्तीय संस्थामा राष्ट्र बैङ्कले तोके बमोजिमको प्रक्रिया पूरा गरी संयुक्त लगानीको रूपमा शेयर स्वामित्व लिन सक्नेछ ।
४) यस ऐनमा अन्यत्र जुनसुकै कुरा लेखिएको भए तापनि यो ऐन प्रारम्भ हुनुभन्दा अघि कुनै विदेशी बैङ्क वा वित्तीय संस्था वा अन्य कुनै विदेशी संस्थाले प्रचलित कानुन बमोजिम स्वीकृति प्राप्त गरी कुनै बैङ्क वा वित्तीय संस्थामा गरेको लगानी सो बैङ्क वा वित्तीय संस्थामा यथावत कायम रहेको मानिन्छ ।