Section 22
Statement As To Transfer To Be Made
If a registered ship or the share of such a ship is transferred to any person or body corporate, the transferee or, where the ship has been transferred to a body corporate,
the body corporate shall not be recorded as the owner of ship until the transferee or a person authorized by such a body makes a statement about such transfer and signs to that effect before the Registrar, along
with an evidence indicating the qualification to hold the Nepalese ship.