Expenses of investigation - NEPAL MONETARY SOLUTIONS (NMS)

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Friday, April 4, 2014

Expenses of investigation

Expenses of investigation
(1) The expenses incurred in an investigation carried out by the Office pursuant these Chapter shall be borne by the concerned company.

            Provided, however, that if, in the course of carrying out investigation, any director, managing director, manager or officer of a company appears to committed a malice, deception, fraud or cheating, such director, managing director, manager or officer shall pay the expenses of investigation no later than seven days of the completion of investigation.

(2) If the concerned director, managing director, manager or officer does not pay the expenses of investigation pursuant to the expenses of investigation pursuant to the proviso to Sub-section(1), the expenses shall be recovered as governmental dues.

(3) An inspector appointed pursuant to this Chapter may give suggestion in his/her report as to the payment of expenses.

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