4. Financial Entities that may be authorized to obtain License :
(1) Only the following financial entities may be authorized to obtain licenses to carry out  international financial transactions under this Act:
(a) Foreign bank and trust companies,
(b) International insurance and reinsurance companies,
(c) Companies serving as the registered offices for foreign companies,
(d) International holding and investment companies,
(e) Administrative or regional offices established by foreign companies,
(f) International trading companies,
(g) International finance companies,
(h) Foreign real estate holding companies,
(i) Foreign Patent and royalty companies,
(j) Foreign mutual funds,
(k) International leasing companies,
(l) International merchant banks,
(m) Entities such as foreign partnership and trusts established as body corporate,
(n) International sales transaction companies,
(o) Foreign entities to allow nonresident pensions or deferred bonus plans,
(p) International financial companies providing services like stock
broker, underwriter, investment advisor, pension fund advisor.
(2) Notwithstanding anything contained in Sub-section (1), in order to obtain a license under this Act, a financial entity should have been registered
duly in any country outside the Nepal and engaged in international financial transactions at least for a period of three years.
(3) Government of Nepal may, on the recommendation of the Promotion Board, and by notification published in the Nepal Gazette, make
alterations, additions or deletion to the list of financial entities as referred to in Sub-section (1).