Secured Transaction Act, 2063

Purpose: To promote economic activity by securing transactions made against movable property and to provide for enforcing obligations over such property. Authenticated 2063/07/30 (Act No. 19 of 2063).

Structure: 8 chapters (preliminary; registration of secured transactions; security interest; priority and related rules; enforcement of security interest; offences and punishment; transitional provisions; miscellaneous), Sections 1-60 plus added sections.

Key provisions:

• Section 3: scope of application.
• Sections 4-5: a registration office (Secured Transaction Registry) is set up and its functions defined.
• Section 7: filing of an initial notice to register a security interest; Sections 10-14: term, amendment, continuation and termination of notices.
• Section 20 onward: creation and perfection of the security interest; rules for purchase-money security, inventory and goods that are commingled.
• Section 45: priority rules; Chapter 5: enforcement after default.
• Section 55: offences.

Amendments: 2076 (code-related) and the Secured Transaction (First Amendment) Act, 2081.

When banks lend against hypothecated stock, vehicles, receivables or machinery, they register the charge with the Secured Transaction Registry so it is enforceable and has priority over later creditors.

उद्देश्य: चल सम्पत्ति धितो राखी गरिने कारोबारलाई सुरक्षित बनाई आर्थिक क्रियाकलाप प्रवर्द्धन गर्ने। प्रमाणीकरण २०६३।०७।३०, ऐन नं. १९।

संरचना: ८ परिच्छेद, दफा १ देखि ६०।

मुख्य व्यवस्था:

• दफा ४-५: दर्ता कार्यालयको स्थापना र काम।
• दफा ७: धितोको हक दर्ताका लागि प्रारम्भिक सूचना; दफा १०-१४: सूचनाको अवधि, संशोधन र समाप्ति।
• दफा २० देखि: धितोको हकको सिर्जना र परिपक्वता।
• दफा ४५: प्राथमिकता; परिच्छेद ५: धितोको हकको कार्यान्वयन।
• दफा ५५: कसूर।

संशोधन: २०७६ र सुरक्षित कारोबार (पहिलो संशोधन) ऐन, २०८१।

मौज्दात, सवारी साधन, आसामी वा मेसिनरी धितो राखी कर्जा दिँदा बैङ्कले सुरक्षित कारोबार दर्ता कार्यालयमा धितो दर्ता गर्छ।