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Section 49
To be in accordance with the prevailing law
The matters written in this Act shall be in accordance with this Act and other matters shall be in accordance with the prevailing Act and other prevailing laws related to industrial business.
The Foreign Investment And Technology Transfer Act, 2049 (1992)
Preamble - 0
Chapter - 2
Section 3: Foreign InvestmentsSection 4: Can make foreign investment singly or jointlySection 5: Foreign investment can be made by buying shares or shares of the industrySection 6: Lease investmentSection 7: Foreign investment can be made through technology transferSection 7A: विदेशमा प्रविधि हस्तान्तरण गर्न सक्नेःSection 8: Can establish branches and make foreign investmentsSection 9: Able to set up a capital investment fund and make foreign investmentSection 9A: विशिष्टीकृत लगानी कोषका इकाई खरिद गरी विदेशी लगानी गर्न सक्नेःSection 10: Can deal in securitiesSection 11: Can issue securities to borrow or receive foreign currencySection 12: Able to take loans from foreign financial institutionsSection 13: No ceiling on foreign investmentSection 14: Can negotiate with commercial banks
Chapter - 3
Section 15: To apply for foreign investment approvalSection 16: Nepal Rastra Bank should be informedSection 17: Foreign Investment Approving BodySection 18: Period to be investedSection 18A: सम्पत्ति हस्तान्तरण गर्न सक्ने: Section 19: Sale of shares or transfer of rights to be reportedSection 20: Right to withdraw investments and accumulated funds
Chapter - 5
Section 24: GETTING FACILITIESSection 25: Facility to trade foreign currencySection 26: Foreign Exchange FacilitySection 27: Arrangements for specialist, highly technical and managerial personnelSection 28: Provisions related to industrial securitySection 29: Facilitation of identity cardSection 30: Provisions relating to visa facilitiesSection 31: Provisions relating toSection 32: To be treated nationallySection 33: Not to be nationalized or acquiredSection 34: Changes in conditions and service facilities
Chapter - 7
Section 38: Bilateral or multilateral investment agreements can be concludedSection 39: NegotiableSection 40: Dispute ResolutionSection 41: Able to use electronic meansSection 42: Provisions may be made regarding automatic approval processSection 43: Duration of validity of foreign investment approvalSection 44: Conditions to be complied withSection 45: Can be manufactured under contractSection 46: Power of AttorneySection 47: Delegation of PowersSection 48: Foreign investment in industry registered in the provinceSection 49: To be in accordance with the prevailing lawSection 50: May modify or add to the scheduleSection 51: Power to make rulesSection 52: Can create guidelines, procedures or standards and implement themSection 53: Repeal and Rescue