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Section 2
Definition
In this Act, unless the subject or the context requires otherwise,-
(a)   “Industry” means an industry established in accordance with prevailing laws relating to industrial business.
(b) "Single point service center" means a single point service center established in accordance with prevailing laws relating to industrial business.
(c) "Non-Resident Nepali" shall mean a person who has obtained a Non-Resident Nepali Identity Card in accordance with the prevailing law relating to Non-Resident Nepali.
(d) "Prescribed" or "as prescribed" means prescribed or prescribed in the rules made under this Act.
(e) "Securities Board" shall mean the Nepal Securities Board established in accordance with prevailing laws relating to securities.
(f) "Technology transfer" means the transfer of technology by agreement between the industry and the foreign investor in relation to the following:-
(1) Patents, designs, trademarks, goodwill, technical specifications, formulas, processes, (2) License to use (user license), provide technical information (know-how sharing) or use technical knowledge (franchise),
(3) Providing foreign technical consultancy, management and marketing services or other technical skills or knowledge.
(g) "Board" means the Industry and Investment Promotion Board under prevailing laws relating to industrial business.
(h) "Ministry" means the Ministry of Industry, Commerce and Supply of the Government of Nepal (i) "Investment Board" means the Investment Board as per prevailing laws relating to Investment Boards.
(j) "Foreign investment" means the following investment made by a foreign investor in an industry or company:- Share investment in foreign currency, reinvestment of dividend amount received from foreign currency or shares in the industry, as per Section 6Lease investment made (lease finance), investment made in capital investment fund according to section 9, investment made in securities listed through the secondary market of securities according to section 10, investment made by purchasing shares or property of a company established in Nepal, foreign industry or company established in Nepal according to section 11 Investment received through the banking system by issuing securities in the capital market, investment through technology transfer, or investment sustained by establishing and expanding industries in Nepal.
(k) "Foreign investor" means a foreign person, firm, company, non-resident Nepali or foreign government or international organization or other similar type of organized organization and if the foreign investor is an institutional foreign investor, it also includes the ultimate beneficial owner of such organization. denotes.
(l) "Foreign investment approving body" means the body under section 17.
(d) "Department" means the Department of Industries.
(l) “Institutional Foreign Investor” means a foreign company, organized body or international organization making foreign investment.