Bank and Finance
Banking Offence and Punishment Act Amendment
Read the firm’s publication on amendments to Nepal’s Banking Offence and Punishment Act, with the complete document available as a PDF.
Practice area
Bank and finance in Nepal
Transaction documents, regulatory advice, loan recovery and support for financial institutions, businesses and borrowers.
When legal advice may help
Do you need to respond to a banking or finance issue?
Banking matters often turn on the loan documents, security, payment history and notices exchanged by the parties. A review should begin with the transaction records and any deadline stated by the bank, borrower, regulator or court.
- You are preparing or reviewing loan and security documents.
- A repayment, enforcement or debt-recovery dispute has arisen.
- A cheque has been returned or certified as dishonoured.
- A financial institution or business has received a regulatory notice.
Services
Work within this practice area
- Banking and finance documentation
- Regulatory and compliance advice
- Loan recovery and enforcement
- Banking-offence matters
Before an initial review
What should you prepare?
- the loan, guarantee, security or account agreement;
- statements, payment records and bank correspondence;
- any demand, dishonour certificate, notice or court paper; and
- the dates of payment, default and the next required response.
What happens after you contact the firm?
A lawyer reviews the transaction and payment record, identifies the applicable agreement and procedure, and explains the available response. Court, recovery or regulatory work is scoped after the documents are checked.
What affects scope and fees?
The number of facilities and parties, security documents, payment history, enforcement stage and filing deadlines affect scope and fees. The firm confirms both after the initial review.
What should you keep in mind?
A demand letter or dishonour certificate may start a statutory period. Preserve the original banking records and obtain advice before accepting a settlement or enforcement proposal.
Legal updates and guides
Publications about bank and finance
Bank and Finance
Cheque Bounce Case in Nepal: 2082 Process and Penalties
A current guide to cheque dishonour in Nepal under the 2082 amendment, including bank certification, filing deadlines, recovery and settlement.
Taxation
Formerly Araniko Development Bank, now Century Bank Ltd., V. Thula Taxpayer Office, 078-RB-0026
Share Issue Expenses . Share issue expenses is revenue expenses and cannot be disallowed as capital expenses. आयकर ऐन, २०५८ अनुसार शेयर निष्कासन खर्चलाई पुँजीगत प्रकृतिको खर्च…
Taxation
Non applicability of Labor Law in Banks.
Swavalamban Laghubitta Bittiya Sanstha Limited vs. Purnachandra Raj Awasthi et al. (080-WF-0034), page 82 Non applicability of Labor Law in Banks प्रस्तुत रिट निवेदनको विषयवस्तुसँग…
Taxation
Doctrine of Consistency—Nabil Bank Limited v. Large Taxpayers Office
OYVS – माननीय रमेश ढकाल श्रीमानको ईजलास (श्री राजश्व न्यायधिकरणमा रहेको अवधिमा) ले धेरै विषयमा मार्ग सुधार/ परिवर्तन Course Correction गर्नु भएको छ। करदाता/ व्यवसायीको व्यवसायिक…
Taxation
नेपालमा हुने क्रियाकलापका सम्बन्धमा प्रदान गरेको सेवाको हकमा भुक्तानीको बखत कर कट्टी गर्नु पर्ने।
In respect of payment made to a foreign company for activities carried out in Nepal, TDS is to be deducted at time of payment. Standard Chartered Bank vs IRD, ०75-RB-0101 (Advance…
Speak with a lawyer
Discuss a banking or finance matter
Send the main agreement, the payment record and any notice or deadline you have received.