Section 320
Transfer Of Property For Incorporation Of Trust
(1) The trust
founder shall transfer the property settled for the trust to the trustee
within a period of three months of the establishment of the trust.
(2) If the property to be transferred pursuant to sub-section
(1) is an immovable property, such a property shall be deemed to
have been duly transferred only when it is transferred in accordance
with law.
(3) A foreign person that establishes a trust in Nepal shall
remit into Nepal a movable property equivalent to at least one
million United States Dollars through regular banking channel and
hand over the same to the trustee within a period of three months.
(4) The information of the hand-over of the movable
property pursuant to sub-section (3) shall be given to the Registrar.