News

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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Feb
23

Notice of Ministry of Labor, Employment, and Social Security : List of Works for Outsourcing

  • Legal

1. By using the power conferred by Section 58 of the Labor Act, 2017 (2074), the Ministry of Labor, Employment, and Social Security has...

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Feb
23

Enrollment of Employer with Social Security Fund

  • Legal

1. The Ministry of Labor, Employment, and Social Security (Ministry) has published a notice in Nepal Gazette on Nov.12, 2018 (2075-07-26) (“Gazette Notice“) under Section 19...

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Jan
06

Revision of Minimum Remuneration/Wages 2021 (2078)

  • Legal

The revised Minimum remuneration/wages of the employees prescribed by the Government is as below: The Government of Nepal, Ministry of Labor, Employment and Social...

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Apr
09

Nepal Rastra Bank allows Class-A banks to borrow from foreign financial institutions

  • Legal

Nepal Rastra Bank, the Central Bank of Nepal (“NRB“) has issued a notice on 03 April, 2018 (“Notice“) to allow licensed Class-A banks (i.e.,...

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