Section 3
Restriction On Making Investment Abroad
(1) No one shall make any kind of investment abroad after the commencement of this Act.
(2) Notwithstanding anything contained in sub-section (1), in relation to any specific kind of investment, the Government of Nepal may, by a notification in the Nepal Gazette, grant exemption from the restriction 4 Deleted by Republic Strengthening and Some Nepal Laws Amendment Act, 2066(2010). set forth in that sub-section, and specify the kind, extent, period of the investment so exempted and other necessary terms pertaining thereto.
(2) Notwithstanding anything contained in sub-section (1), in relation to any specific kind of investment, the Government of Nepal may, by a notification in the Nepal Gazette, grant exemption from the restriction 4 Deleted by Republic Strengthening and Some Nepal Laws Amendment Act, 2066(2010). set forth in that sub-section, and specify the kind, extent, period of the investment so exempted and other necessary terms pertaining thereto.