News

Feb
23

Industrial Enterprises Act 2016

  • Legal

New Legislation on Industrial Enterprises – Brief Highlights January 31, 2017 Industrial Enterprises Act 2016 (2073 BS) (the “Act“) has been introduced with effect...

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Feb
23

Legal Regime Governing INGOs

  • Legal

Social Welfare Council (the “Council”) is the main regulatory body responsible for regulating INGOs in Nepal. The Council was established under the Social Welfare...

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Feb
23

Foreign Loan Regulations by Central Bank of Nepal

  • Legal

Section 12 of the Foreign Exchange (Regulation) Act 1962 (2019) (the “FERA 1962“) empowers Nepal Rastra Bank (the “Central Bank“) to issue the directives,...

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Feb
23

Minimum Wage / Salary, 2016 (2072)

  • Legal

The Government of Nepal has recently amended the minimum wage under Labor Act, 1992 (2048) (“Labor Act“) by publishing a notices in Nepal Gazette...

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Feb
23

Central Bank Issues Revised Norms for Reparation of Payments for Services

  • Legal

Section 9C of the Foreign Exchange (Regulation) Act, 1962 (the “FERA”) specifically requires a person / entity residing in Nepal to comply with the...

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Feb
23

Procedure Related to Computerized Invoicing, 2072 (2015)

  • Legal

Inland Revenue Department (the “Department”) has issued the “Procedure related to Computerized Invoicing 2072 (2015)”(the “Procedures”). The Procedures have become effective from 15 May...

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Feb
23

NRB on Valuation Requirement for Repatriation of Sale Proceeds

  • Legal

Nepal Rastra Bank, Central Bank of Nepal (NRB) has issued a notice in the national daily on November 12, 2014 regarding the valuation methodology...

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Feb
23

Mutual Legal Assistance Act, 2014 (2070)

  • Legal

Nepal has taken a step further in the area of making its judicial outreach to cross-broader issues by promulgating the Mutual Legal Assistance Act, 2014...

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