Section 1
Short Title And Commencement
(1) This Act may be cited as the “Foreign Investment and Technology Transfer Act, 2019 (2075).”
(2) Sections 10 and 11 of this Act shall commence on such a date as appointed by the Government of Nepal by a notification in the Nepal Gazette, and other Sections shall commence forthwith.
(2) Sections 10 and 11 of this Act shall commence on such a date as appointed by the Government of Nepal by a notification in the Nepal Gazette, and other Sections shall commence forthwith.
The Foreign Investment and Technology Transfer Act, 2019 (2075)
Chapter - 2
Section 3: Foreign Investment May Be MadeSection 4: Foreign Investment May Be Made Individually Or JointlySection 5: Foreign Investment May Be Made By Purchasing Assets Or Shares Of IndustrySection 6: Lease Investment May Be MadeSection 7: Investment May Be Made Through Technology TransferSection 8: Foreign Investment May Be Made By Establishing A BranchSection 9: Foreign Investment May Be Made By Establishing Venture Capital FundSection 10: Trading In Securities May Be MadeSection 11: Loan May Be Borrowed Or Foreign Currency Acquired By Issuing SecuritiesSection 12: Loan May Be Borrowed From Foreign Financial InstitutionSection 13: Maximum Ceiling Threshold Of Foreign Investment Not To Be PrescribedSection 14: Agreement May Be Made With Commercial Bank
Chapter - 3
Section 15: Application To Be Made For Approval To Make Foreign InvestmentSection 16: To Give Information To The Nepal Rastra BankSection 17: Foreign Investment Approving BodySection 18: Period Within Which Investment Has To Be MadeSection 19: To Give Information On Sale Of Or Transfer Of Title To SharesSection 20: Repatriation Of Investment And Earnings
Chapter - 5
Section 24: Facilities To Be Obtained By IndustriesSection 25: Facility To Deal With Foreign CurrencySection 26: Facility Of Foreign CurrencySection 27: Provision Relating To Experts, Top-level Technical And Managerial EmployeesSection 28: Provision Relating To Industrial SecuritySection 29: Facility Of Identity CardSection 30: Provision Relating To Visa FacilitySection 31: Provisions Relating To LandSection 32: National Treatment To Be AccordedSection 33: Nationalisation Or Expropriation Not To Be MadeSection 34: Change In Terms, Services And Facilities
Chapter - 7
Section 38: Bilateral Or Multilateral Investment Agreement May Be ConcludedSection 39: Agreement May Be MadeSection 40: Settlement Of DisputesSection 41: Electronic Means May Be UsedSection 42: Provisions Relating To Automatic Approval Process May Be MadeSection 43: Validity Period Of Approval Of Foreign InvestmentSection 44: Terms To Be Complied WithSection 45: Production May Be Made Upon Making ContractSection 46: Power Of Attorney May Be GivenSection 47: Delegation Of PowersSection 48: Foreign Investment In Any Industry Registered In ProvinceSection 49: Application Of Prevailing LawSection 50: Power To Make Alteration In The ScheduleSection 51: Power To Make RulesSection 52: Power To Make And Enforce Directives, Procedures Or StandardsSection 53: Repeal And Saving