Section 2
Definitions
Unless the subject or context otherwise requires, in this Act:
(a) “Investment” means any investment made in the following:
(1) Foreign securities,
(2) Partnership of a foreign firm,
(3) Foreign bank account;
(4) Real estate situated abroad,
(5) Any other kind of cash or in-kind investment whatsoever made abroad except that as specified by the Government of Nepal by a notification in the Nepal Gazette.
(b) “Foreign securities” means the securities created or issued abroad and the securities of which principal or interest is to be paid or payable in any foreign currency or abroad.
(c) “Securities” means shares, stocks, bonds, debentures, debenture stocks and government securities, receipts of deposits of securities and units or sub-units of unit trusts, and this term also includes the certificate of entitlement to securities.
(a) “Investment” means any investment made in the following:
(1) Foreign securities,
(2) Partnership of a foreign firm,
(3) Foreign bank account;
(4) Real estate situated abroad,
(5) Any other kind of cash or in-kind investment whatsoever made abroad except that as specified by the Government of Nepal by a notification in the Nepal Gazette.
(b) “Foreign securities” means the securities created or issued abroad and the securities of which principal or interest is to be paid or payable in any foreign currency or abroad.
(c) “Securities” means shares, stocks, bonds, debentures, debenture stocks and government securities, receipts of deposits of securities and units or sub-units of unit trusts, and this term also includes the certificate of entitlement to securities.