(1) In case of sale of shares or transfer of rights within or outside Nepal or any other change in ownership or vested ownership structure of assets, equity or shares or any other type of financial instruments created in Nepal through foreign investment, the relevant company shall inform the relevant company within thirty days of the transaction along with the related proof documents. It should be given to the agency that gives permission to invest and recorded as prescribed.
(2) When the ownership of a holding company's assets, equity or shares or any other type of financial instrument is transferred, the responsibility of informing in accordance with sub-section (1) about the change of ownership of a foreign-invested industry in Nepal shall be the responsibility of the relevant branch industry or unit of the industry established in Nepal.
(3) Transactions as per sub-section (1) shall not be recorded as per sub-section (1) unless the relevant industry discloses the amount of the transaction and files the tax in accordance with the prevailing law.
(4) Other arrangements related to sale of shares and transfer of rights shall be as prescribed.