International Financial Transactions Act, 2054 (1998)
Section 8
Nationalization Not To Be Done
8. Nationalization not to be done: The capital or the property of any entity shall not be subjected to nationalization
International Financial Transactions Act, 2054 (1998)
Section - 1
Section 1: Short Title And Commencement
Section - 2
Section 2: Definitions
Section - 3
Section 3: License To Be Obtained
Section - 4
Section 4: Financial Entities That May Be Authorized To Obtain License
Section - 5
Section 5: Acts Not To Be Done By International Financial Entities
Section - 6
Section 6: No Restrictions On Brining In Foreign Currencies
Section - 7
Section 7: Fund To Be Allowed Repatriation
Section - 8
Section 8: Nationalization Not To Be Done
Section - 9
Section 9: Formation Of Promotion Board
Section - 10
Section 10: Functions, Duties And Powers Of Promotion Board
Section - 11
Section 11: Formation Of Accreditation Committee
Section - 12
Section 12: Functions, Duties And Powers Of The Accreditation Committee
Section - 13
Section 13: Application For License
Section - 14
Section 14: Granting Of License
Section - 15
Section 15: Information, Details And Documentations May Be Demanded
Section - 16
Section 16: Renewal Of License
Section - 17
Section 17: Secrecy To Be Maintained
Section - 18
Section 18: Proceeds To Be Credited To The Formed Fund
Section - 19
Section 19: Sub-committees May Be Constituted
Section - 20
Section 20: Cooperation To Be Extended
Section - 21
Section 21: Delegation Of Power
Section - 22
Section 22: Contact With Government Of Nepal
Section - 23
Section 23: Power To Make Rules And Bye-laws
Section - 24
Section 24: Existing Laws To Prevail