(1) The Government of Nepal or the bank may at any time inspect the accounts, account books and other documents of any licensed person.
(2) Within the time limit given by the employee assigned to inspect according to sub-section (1), all accounts, books and documents under his charge or control related to foreign exchange transactions as requested by him and to give details or information related to such transactions as requested by him, each license The recipient will have a duty. If the licensee is a firm, company or organization, such account, account book, document, statement or information must be filed or given by the manager or related officer of that company or the shareholder or related officer related to that work.
(3) The staff assigned to inspect according to sub-section (1) may make written or oral inquiries to any licensed person or his agent or, if there is a licensed person, firm, company or organization, to its director or related officer.
(4) If the manager or officer of any person, firm, company or organization does not file or does not provide the account, account book, document or any information to be given according to sub-section (2) or if the employee assigned to inspect does not answer any question demanded by this Act. shall be deemed to be in violation.
(5) If, during the inspection, the staff assigned to inspect according to sub-section (1) finds any foreign exchange or document, book, account or statement related thereto contrary to this Act, to take possession of such foreign exchange or document, account, account or statement related thereto or It can be sealed in a safe or room.
(6) When an employee assigned to inspect according to sub-section (5) takes possession of such foreign regulation or document or affixes a seal, the relevant licensee or at least two other persons shall prepare a description of the seized items and have the witnesses stamp them as well.