chhatramani/Nepal-Legal-Text-Corpus-44laws huggingface dataset:
विदेशी विनिमय (नियमित गर्ने) ऐन, २०१९

दफा १४: निरीक्षण
१) नेपाल सरकार वा बैङ्कले जुनसुकै समयमा कुनै इजाजतपत्र प्राप्त व्यक्तिको खाता, हिसाव किताब र अरू लिखतहरू निरीक्षण गर्न गराउन सक्नेछ।
२) उपदफा (१) बमोजिम निरीक्षण गर्न खटी आएका कर्मचारीले दिएको म्यादभित्र निजले मागे बमोजिमको विदेशी विनिमयको सटही कारोबारसम्बन्धी आफ्नो जिम्मा वा नियन्त्रणमा रहेको सबै खाता, हिसाब किताब र लिखतहरू निज समक्ष दाखिला गर्नु र निजले मागे बमोजिमको त्यस्तो सटही कारोबार सम्बन्धी विवरण वा जानकारी दिनु प्रत्येक इजाजतपत्र प्राप्त व्यक्तिको कर्तव्य हुनेछ। इजाजतपत्र प्राप्त व्यक्ति कुनै फर्म, कम्पनी वा संस्था रहेछ भने त्यस्तो खाता, हिसाब किताब, लिखत, विवरण वा जानकारी सो कम्पनीको सञ्चालक वा सम्बन्धित पदाधिकारी वा सो कामसँग सम्बन्धित हिस्सेदार वा सम्बन्धित पदाधिकारीले दाखिला गर्नु वा दिनुपर्नेछ।
३) उपदफा (१) बमोजिम निरीक्षण गर्न गर्न खटिएका कर्मचारीले कुनै इजाजतपत्र प्राप्त व्यक्ति वा निजको एजेण्टलाई वा इजाजतपत्र प्राप्त व्यक्ति, फर्म, कम्पनी वा संस्था रहेछ भने त्यसको सञ्चालक वा सम्बन्धित पदाधिकारीलाई लिखित वा मौखिक सोधपुछ गर्न सक्नेछ।
४) उपदफा (२) बमोजिम दाखिला गर्नुपर्ने खाता, हिसाब किताब, लिखत वा दिनुपर्ने कुनै विवरण वा जानकारी कुनै व्यक्ति, फर्म, कम्पनी वा संस्थाको सञ्चालक वा पदाधिकारीले दाखिला नगरेमा वा नदिएमा वा निरीक्षण गर्न खटिएका कर्मचारीले माग गरेको कुनै प्रश्नको उत्तर नदिएमा यो ऐनको उल्लङ्घन गरेको मानिनेछ।
५) उपदफा (१) बमोजिम निरीक्षण गर्न खटिएका कर्मचारीले निरीक्षण गर्दा यस ऐन विपरीत कुनै विदेशी विनिमय वा सोसँग सम्बन्धित लिखत, हिसाब किताब, खाता वा विवरण फेला पारेमा त्यस्तो विदेशी विनिमय वा सोसँग सम्बन्धित लिखत, हिसाबकिताब, खाता वा विवरण आफ्नो कब्जामा लिन वा कुनै सेफ वा कोठामा बन्द गरी सिलछाप लगाउन सक्नेछ।
६) उपदफा (५) बमोजिम निरीक्षण गर्न खटिएका कर्मचारीले त्यस्तो विदेशी विनियम वा लिखत आफ्नो कब्जामा लिंदा वा सिलछाप लगाउँदा सम्बन्धित इजाजतपत्र प्राप्त व्यक्ति वा कम्तीमा दुईजना अन्य व्यक्तिहरू साक्षी राखी कब्जामा लिएको कुराहरूको विवरण तयार पारी साक्षीहरूको समेत सहिछाप गराउनु पर्नेछ।

विदेशी विनिमय (नियमित गर्ने) ऐन, २०१९

दफा १५: नेपाल सरकारको निर्देश दिने अधिकार
यस ऐनको प्रयोजनको लागि आवश्यक सम्झेमा नेपाल सरकारले बैङ्कलाई समय समयमा सामान्य वा विशेष निर्देश दिन सक्नेछ र बैङ्कले यस ऐन अन्तर्गतको काम कुरा गर्नको लागि त्यस्तो कुनै निर्देशको पालन गर्नु पर्नेछ।

विदेशी विनिमय (नियमित गर्ने) ऐन, २०१९

दफा १६: खाता खोल्दा बैङ्कको स्वीकृति लिनु पर्ने
१) नेपालमा बसोबास गर्ने कुनै पनि नेपाली नागरिक वा नेपालमा दर्ता भएको कुनै कम्पनी, सङ्गठित संस्था वा फर्मले विदेशस्थित बैङ्कमा खाता खोल्दा बैङ्कको स्वीकृति लिनुपर्नेछ।
२) उपदफा (१) बमोजिम खाता खोल्ने स्वीकृति दिँदा बैङ्कले आवश्यक विवरणहरू माग गर्न तथा शर्तहरू समेत तोक्न सक्नेछ ।
३) उपदफा (१) बमोजिम खुलेका खाताको सञ्चालन तथा उपयोग बैङ्कले सार्वजनिक सूचना प्रकाशन र प्रसारण गरी तोकिदिएबमोजिम हुनेछ।
४) नेपालमा बसोबास गर्ने कुनै पनि नेपाली नागरिक वा नेपाल मा दर्ता भएका कुनै पनि फर्म, कम्पनी वा संस्थाले नेपालभित्र विदेशी मुद्रामा खाता खोल्न, सञ्चालन गर्न र सोको उपयोगको सम्बन्धमा बैङ्कले सार्वजनिक सूचना प्रकाशन र प्रसारण गरी तोकिदिए बमोजिम हुनेछ।
विदेशी विनिमय (नियमित गर्ने) ऐन, २०१९

दफा १८: जाँचबुझ गर्ने र मुद्दा चलाउने
कुनै व्यक्तिले यो ऐन उल्लङ्घन गरेको छ वा यस ऐन अन्तर्गतको नियम, विनियम, आदेश, सूचना वा निर्देशको विपरीत कुनै काम गरेको छ भन्ने कुराको मौखिक वा लिखित सूचना नेपाल सरकारबाट वा बैङ्कबाट अधिकृत व्यक्तिबाट पाएमा सरकारी वकिल वा नेपाल सरकारबाट यस सम्बन्धमा अधिकार प्राप्त अधिकारीले सो कुराको जाँचबुझ गर्नेछ र जाँचबुझ गर्दा कुनै व्यक्तिले त्यस्तो उल्लङ्घन वा विपरीत काम गरेको छ भन्ने ठहराएमा निज विरूद्ध मुद्दा चलाउनेछ।

विदेशी विनिमय (नियमित गर्ने) ऐन, २०१९

दफा १८कः मुद्दा दायर गर्ने
१) यस ऐन अन्तर्गतको कसूर सम्बन्धी मुद्दा अनुसन्धान सरकारको नामबाट दायर गर्नेछ।
२) उपदफा (१) बमोजिम मुद्दा दायर गर्दा अनुसन्धान वकिलको राय लिनुपर्नेछ।

विदेशी विनिमय (नियमित गर्ने) ऐन, २०१९

दफा १८खः विदेशी विनिमयसँग सम्बन्धित कागजातको प्रतिलिपि प्रमाणित गराउने
१) यस ऐन बमोजिमको कसूरको सिलसिलामा कब्जामा लिइएको विदेशी विनिमय वा सोसँग सम्बन्धित विवरणलाई अनुसन्धान अधिकारीले प्रतिलिपि वा फोटोकपी बनाई प्रमाणित गराई राख्नुपर्नेछ।
२) प्रचलित कानुनमा जुनसुकै कुरा लेखिएको भए तापनि उपदफा (१) बमोजिम प्रमाणित गराई राखेको विदेशी विनिमय वा सो सगँ सम्बन्धित विवरणको प्रतिलिपि वा फोटोकपीलाई यस ऐन बमोजिमको कसूर सम्बन्धी मुद्दामा प्रमाण स्वरूप पेश गर्न सकिनेछ।

विदेशी विनिमय (नियमित गर्ने) ऐन, २०१९

दफा १९: लिखत बदर हुने
दफा १३ उल्लङ्घन गरी कुनै किसिमको ठेक्कापट्टा वा लिखत गरिएको रहेछ भने यो ऐन अन्तर्गत मुद्दा हेर्ने अदालतको आदेशले त्यस्तो ठेक्कापट्टा वा लिखत बदर वातिल हुन सक्नेछ।

विदेशी विनिमय (नियमित गर्ने) ऐन, २०१९

दफा २०: खबर गरेमा इनाम दिने
१) यो ऐन वा यस ऐन अन्तर्गत बनेका नियम, विनियम, आदेश, सूचना, निर्देश, इजाजत वा इजाजतपत्रको विपरीत विदेशी विनिमय सम्बन्धी अपराध गरेको कुराको सुराक कुनै व्यक्तिले नेपाल सरकार वा नेपाल सरकारबाट अधिकार प्राप्त अधिकारी समक्ष दिइ त्यसरी दिएको सुराकको आधारमा विदेशी विनिमय पक्राउ भई अपराध प्रमाणित हुन आएमा त्यसरी पक्राउ भई आएको विदेशी मुद्रालाई नेपाली मुद्रामा परिणत गर्दा कायम हुन आएको बिगोको सयकडा बीस प्रतिशत त्यस्तो सुराक दिने व्यक्तिलाई इनाम दिइनेछ।
२) उपदफा (१) बमोजिम दिइने इनामको रकम मुद्दाको अन्तिम टुङ्गो लागेपछि पक्राउ भएको विदेशी मुद्रालाई नेपाली मुद्रामा परिणत गरी हुन आउने रकमबाट दिइनेछ।

विदेशी विनिमय (नियमित गर्ने) ऐन, २०१९

दफा २१: दावी वा उजुरी नलाग्ने
१) यो ऐन वा यस ऐन अन्तर्गतको कुनै नियम, विनियम, आदेश वा सूचना वा निर्देश बमोजिम असल नियतले कुनै व्यक्तिले काम गरे बापत वा गर्ने अभिप्राय गरे बापत निज उपर कुनै अदालतमा कुनै किसिमको मुद्दा उजुरी वा कानुनी कारवाई चलाईने छैन।
२) कुनै व्यक्तिलाई नेपाल सरकारले वा बैङ्कले वा इजाजतपत्र प्राप्त व्यक्तिले (जानीजानी वा लापरवाही गरेमा बाहेक) विदेशी विनिमय प्राप्त नगराई दिएका कारणले हानी नोक्सानी पर्न गएमा कुनै किसिमको दाबी लाग्ने छैन।

विदेशी विनिमय (नियमित गर्ने) ऐन, २०१९

दफा २२: नियमहरू बनाउने अधिकार
यस ऐनको उद्देश्य कार्यान्वित गर्नको लागि नेपाल सरकारले बैङ्कसँग परामर्श गरी नियमहरु बनाउन सक्नेछ।

विदेशी विनिमय (नियमित गर्ने) ऐन, २०१९

दफा २३: खारेजी
विदेशी विनिमय सटही नियन्त्रण ऐन, २०१७ खारेज गरिएको छ।

विदेशी विनिमय (नियमित गर्ने) ऐन, २०१९

दफा २४: हाल भैरहेका इजाजतपत्रहरू
बैङ्कले अन्यथा आदेश नदिएसम्म विदेशी विनिमय सटही नियन्त्रण ऐन, २०१७ अन्तर्गत दिइएको इजाजतपत्रहरू अगावै खारेज गरिएकोमा बाहेक सोही इजाजतपत्रमा तोकिएको अवधिको लागि सोही इजाजतपत्रमा तोकिएको शर्तमा या ऐनको दफा ३ अन्तर्गत दिइएको मानिनेछ।
विदेशी विनिमय (नियमित गर्ने) ऐन, २०१९

दफा २५: 
१
…….
१ नेपाल ऐनहरु संशोधन गर्ने
,
खारेज गर्ने र पुनः व्यवस्थित गरी चालू राख्ने ऐन
,
२०१९ द्वारा झिकिएको।

विदेशी विनिमय (नियमित गर्ने) ऐन, २०१९

विदेशी विनिमय (नियमित) गर्ने ऐन, २०१९ का बाँकी दफाहरू प्रारम्भ भएका स्थान र मिति
(क) काठमाडौ, भद्रपुर, विराटनगर, राजविराज, हनुमाननगर, जनकपुर, मलंगवा, गौर, कलैया, वीरगञ्ज, बुटबल, भैरहवा, परासी, पक्लीहवा, कृष्णनगर, शिवराज, नेपालगञ्ज, धनगढी, पोखरा, तानसेन, पाल्पा र धरान क्षेत्रहरूमा २०२०।५।१ देखि प्रारम्भ ।
(नेपाल राजपत्र मिति २०२०।०४।२२)
(ख) जलेश्वर, तौलिहवा र सिराहा क्षेत्रहरूमा २०२०।११।१ देखि प्रारम्भ।
(नेपाल राजपत्र मिति २०२०।१०।२७)
(ग) हेटौडा, बनेपा, धनकुटा, त्रिशुली र बागलुङ क्षेत्रहरूमा २०२१।०५।०१ देखि प्रारम्भ भएको।
(नेपाल राजपत्र मिति २०२१।०४।२७)
(घ) इलाम, कोइलावास, कञ्चनपुर (महेन्द्रनगर) गुलरिया, भोजपुर, घोराही र सर्लाही क्षेत्रहरूमा २०२१।२।१ देखि प्रारम्भ।
(नेपाल राजपत्र मिति २०२१।०२।०१)
(ङ) डोटी जिल्लामा २०२२।७।१ देखि प्रारम्भ भएको ।
(नेपाल राजपत्र मिति २०२२।०६।११)
(च) बैतडी जिल्लामा २०२२।११।१ देखि प्रारम्भ भएको।
(नेपाल राजपत्र मिति २०२२।०९ । २६)
(छ) बागमती अञ्चल, नारायणी अञ्चल, जनकपुर अञ्चल, सगरमाथा अञ्चल, कोशी अञ्चल र मेची अञ्चलमा २०२३।६।१ देखि प्रारम्भ भएको ।
(नेपाल राजपत्र मिति २०२३।५। ३१)
(ज) गण्डकी अञ्चल, कर्णाली अञ्चल, धवलागिरी अञ्चल, भेरी अञ्चल, लुम्बिनी अञ्चल, सेती अञ्चल, राप्ती अञ्चल र महाकाली अञ्चलमा २०२३।०७।०१ देखि प्रारम्भ भएको ।
(नेपाल राजपत्र मिति २०२३।०७।०१)
द्रष्टव्यः
१) विदेशी विनिमय (नियमित गर्ने) (दोसो संशोधन) ऐन, २०५८ द्वारा रूपान्तर गरिएको शब्द :-
“सेक्युरिटी” को सट्टा “धितोपत्र”।
२) केही नेपाल कानुन संशोधन गर्ने ऐन, २०६३ द्वारा रूपान्तर गरिएको शब्द :-
“श्री ५ को सरकार” को सट्टा “नेपाल सरकार”।
Foreign Investment and Technology Transfer Act 2075

Preamble
Date of Authentication
2075/12/13
Act No. 34 of the year 2075
An Act Made to Amend and Consolidate Laws Relating to Foreign Investment and Technology Transfer
Preamble: Whereas it is expedient to amend and consolidate the prevailing Nepal laws relating to foreign investment and technology transfer in order to make the national economy competitive, strong and employment-oriented through mobilisation to the maximum extent of the available means and resources for economic prosperity of the country, and to achieve sustainable economic growth through industrialization while creating investment-friendly environment to attract foreign capital, technology and investment in the sectors of import substitution, export promotion, through increase in productivity, and of infrastructure development and production of goods or services,
Now, therefore, it should be enacted by the Federal Parliament.

Foreign Investment and Technology Transfer Act 2075

Chapter-1 Preliminary

Section 1: Short Title and Commencement
1) This Act may be cited as the “Foreign Investment and Technology Transfer Act, 2075.”
2) Sections 10 and 11 of this Act shall commence on such date as appointed by the Government of Nepal by notification in the Nepal Gazette, and other Sections shall commence forthwith.
Foreign Investment and Technology Transfer Act 2075

Chapter-1 Preliminary

Section 2: Definitions
Unless the subject or the context otherwise requires, in this Act,-
(a) “Industry” means any industry established in accordance with the prevailing law relating to industrial enterprises.
(b) “One Stop Service Centre” means the One Stop Service Centre established in accordance with the prevailing law relating to industrial enterprises.
(c) “Non-resident Nepali” means a person holding a non-resident Nepali identity card in accordance with the prevailing law relating to non-resident Nepalis.
(d) “Prescribed” or “as prescribed” means prescribed or as prescribed in the Rules framed under this Act.
(e) “Securities Board” means the Securities Board of Nepal established in accordance with the prevailing law relating to securities.
(f) “Technology transfer” means any transfer of technology to be made under an agreement between an industry and a foreign investor on the following matters:
(1) Patent, design, trademark, goodwill, technological specificity, formula, process,
(2) User’s license, technological know-how sharing or use of technological knowledge (franchise),
(3) Provision of foreign technical adviser, management and marketing service or other technological skill or knowledge.
(g) “Board” means the Industry and Investment Promotion Board referred to in the prevailing law relating to industrial enterprises.
(h) “Ministry” means the Ministry of Industries, Commerce and Supplies
(i) “Investment Board” means the Investment Board referred to in the prevailing law relating to the Investment Board.
(j)“Foreign investment” means the following investment made by a foreign investor in an industry or company:
(1) Share investment in foreign currency,
(2) Re-investment in an industry of dividends derived from foreign currency or shares,
(3) Lease finance made in accordance with Section 6,
(4) Investment made in venture capital fund in accordance with Section 9,
(5) Investment made in listed securities through the secondary securities market in accordance with Section 10,
(6) Investment made by purchasing shares or assets of a company incorporated in Nepal,
(7) Investment received through the banking channel after issuing securities in a foreign capital market by an industry or company incorporated in Nepal in accordance with Section 11,
(8) Investment made through technology transfer, or
(9) Investment maintained by establishing and expanding an industry in Nepal.
(k) “Foreign investor” means any foreign individual, firm, company, Non-resident Nepali or foreign government or international agency or other corporate body of similar nature that makes foreign investment, and also includes, in the case of a foreign investor that is an institutional foreign investor, the ultimate beneficiary of such an institution.
(l) “Foreign investment approving body” means the body referred to in Section 17.
(m)“Department” means the Department of Industries.
(n)“Institutional foreign investor” means a foreign company, corporate body or international institution making foreign investments.
Foreign Investment and Technology Transfer Act 2075

Chapter-2 Foreign Investment

Section 3: Foreign Investment May Be Made
1) A foreign investor may make foreign investments in any industry and derive gains from such investments.
2) Notwithstanding anything contained in sub-section (1), no industry operated with foreign investment may make foreign investment of profits earned or in any other manner in any industry referred to in the Schedule.
Provided that technology transfer may be made, with the Department’s approval, in an industry referred to in the Schedule, which is established with Nepali investment.
3) Notwithstanding anything contained in sub-section (1), approval shall not be given for making foreign investment in any industry of an amount that is less than the amount specified by the Government of Nepal by notification in the Nepal Gazette.

Foreign Investment and Technology Transfer Act 2075

Chapter-2 Foreign Investment

Section 4: Foreign Investment May Be Made Individually or Jointly
A foreign investor may make a foreign investment individually or jointly or by establishing an industry jointly with an established industry in Nepal or a Nepali citizen.

Foreign Investment and Technology Transfer Act 2075

Chapter-2 Foreign Investment

Section 5:  Foreign Investment May be Made by Purchasing Assets or Shares of Industry
A foreign investor may make a foreign investment by purchasing the assets of or shares not exceeding the prescribed percent of any industry established in Nepal.

Foreign Investment and Technology Transfer Act 2075

Chapter-2 Foreign Investment

Section 6: Lease Investment May be Made
A foreign investor may make a foreign investment, subject to the prescribed ceiling, in any aircraft, ship, machinery and equipment, construction equipment or similar other equipment.

Foreign Investment and Technology Transfer Act 2075

Chapter-2 Foreign Investment

Section 7: Investment May be Made Through Technology Transfer
1) A foreign investor may make foreign investments by making technology transfers in any industry established in Nepal.
2) The terms of technology transfer to be made pursuant to sub-section (1) shall be as specified in the technology transfer agreement entered into between the concerned industry and the foreign investor.
3) The agreement referred to in sub-section (2) may not provide for the repatriation of royalty in excess of the prescribed ceiling.
4) The agreement referred to in sub-section (2) has to be got approved by the foreign investment approving body.
5) The foreign investment approving body may, in giving approval pursuant to sub-section (4), specify the necessary terms based,
inter alia
, on international practices on foreign investment and the industry’s production and selling capacity.
Foreign Investment and Technology Transfer Act 2075

Chapter-2 Foreign Investment

Section 8: Foreign Investment May be Made by Establishing a Branch
1) Any industry incorporated in a foreign country may make foreign investment by establishing or expanding its branch industry in Nepal, subject to the prevailing law.
2) Other provisions relating to the establishment or expansion of a branch of the industry pursuant to sub-section (1) shall be as prescribed.

Foreign Investment and Technology Transfer Act 2075

Chapter-2 Foreign Investment

Section 9: Foreign Investment May be Made by Establishing Venture Capital Fund
1) An institutional foreign investor may, for the purpose of investing equity in any industry, establish a venture capital fund by incorporating a company in accordance with the prevailing law and by obtaining approval of the Securities Board.
2) Approval shall have to be obtained by fulfilling the procedures referred to in Section 15 for the investment in an industry from the fund referred to in sub-section (1).
3) Such a company shall provide the statements of the venture capital fund referred to in sub-section (1) to the Department in every six months.
4) Other provisions relating to the fund established pursuant to sub-section (1) shall be as prescribed.

Foreign Investment and Technology Transfer Act 2075

Chapter-2 Foreign Investment

Section 10: Trading in Securities May be Made
1) An institutional foreign investor establishing a venture capital fund pursuant to Section 9 shall have to be registered in the Securities Board for trading in securities.
2) The foreign investor registered in the Securities Board pursuant to sub-section (1) may, through the secondary securities market, trade in securities of an industry in which foreign investment may be made pursuant to this Act.
3) In carrying on trading in securities pursuant to sub-section (2), the minimum number of securities to be purchased, the ceiling of investment, the minimum period for which it has to hold the securities after the purchase, a reserve fund to be held in foreign currency for purchasing securities and other provisions related thereto shall be as prescribed.

Foreign Investment and Technology Transfer Act 2075

Chapter-2 Foreign Investment

Section 11:  Loan May be Borrowed or Foreign Currency Acquired by Issuing Securities
1) Any public limited company incorporated in Nepal or a corporate body authorised under the prevailing law to issue securities may, with the approval of the Nepal Rastra Bank and the Securities Board, borrow a loan or acquire foreign currency by issuing bonds, debentures or other securities in the capital market of a foreign country.
2) A company which is incorporated with foreign investment in Nepal may, subject to the prevailing law relating to securities, borrow a loan by issuing securities within Nepal.
3) A loan borrowed or foreign currency acquired by issuing securities pursuant to sub-sections (1) and (2) shall have to be invested in Nepal.
4) Other provisions relating to the issuance of securities referred to in this Section shall be in accordance with the prevailing law relating to securities.
Foreign Investment and Technology Transfer Act 2075

Chapter-2 Foreign Investment

Section 12: Loan May be Borrowed From Foreign Financial Institution
Any industry having foreign investment may, on the recommendation of the Ministry and with the approval of the Nepal Rastra Bank, in accordance with the prevailing law, borrow a project loan from, or a loan by entering into a project financing agreement with, any foreign financial institution.

Foreign Investment and Technology Transfer Act 2075

Chapter-2 Foreign Investment

Section 13: Maximum Ceiling Threshold of Foreign Investment Not to be Prescribed
1) No maximum ceiling of the amount to be invested and the share of investment by a foreign investor wishing to make an investment in Nepal shall be prescribed.
2) Notwithstanding anything contained in sub-section (1), in the case of the service industry, the maximum ceiling of equity foreign investment and ceiling of investment to be made in securities pursuant to Section 10 may be so prescribed as not to be lesser than the commitment made by Nepal in respect of the concerned sector or sub-sector at the time of obtaining membership of the World Trade Organisation.

Foreign Investment and Technology Transfer Act 2075

Chapter-2 Foreign Investment

Section 14: Agreement May be Made with Commercial Bank
1) A foreign investor making an investment pursuant to this Act may, for purposes of business related to its investment made in Nepal, execute a tripartite agreement (escrow agreement) with its partner investor or other foreign investor and any such commercial bank or infrastructure development bank as recognised by the Nepal Rastra Bank.
Explanation: For the purposes of this Section, the term “escrow agreement” means an agreement by which the contracting parties agree to the effect that any amount of the documentary amount of evidence shall be handed over to any third party for the security of the transaction between them or as a security for any guarantee, and such amount, documentary evidence or guarantee shall be provided to the concerned party after the completion of contractual obligations by the contracting parties.
2) A bank executing an escrow agreement pursuant to sub-section (1) shall act as an agent of the parties to the agreement.
3) Other provisions relating to an escrow agreement to be made pursuant to sub-section (1) shall be as prescribed.
Foreign Investment and Technology Transfer Act 2075

Chapter-3 Approval and Repatriation of Foreign Investment

Section 15: Application to be Made For Approval to Make Foreign Investment
1) A foreign investor wishing to make a foreign investment shall have to make an application, setting out the details, accompanied by a schedule for bringing foreign investment into Nepal and an foreign action plan on investment in the industry, to the Foreign Investment Approving Body for approval, to make foreign a investment, in such a form and setting out such details as prescribed.
2) If, in examining an application received pursuant to sub-section (1), it appears that such documents as prescribed have been completed, the Foreign Investment Approving Body shall give approval for foreign investment in such a form as prescribed within a period of seven days of the date of receipt of the application.
3) An industry which has obtained approval pursuant to sub-section (2) wishes to make an investment from the earned profits in the same industry or in any industry other than that referred to the Schedule, it is not necessary for it to re-obtain approval on foreign investment.
Provided that the natter requiring license or permission under the prevailing law for the purpose of registration of an industry or company or tax or any other business shall be governed accordingly.
4) If any industry is established or the structure of ownership of any industry is changed because of foreign investment, in accordance with sub-section (3), such industry shall give information thereof to the Department and the Nepal Rastra Bank. On receipt of such information, the Department shall maintain records thereof.
5) If, in examining the application pursuant to sub-section (2), it appears that approval cannot be given, the Foreign Investment Approving Body shall give information thereof in writing, setting out the ground and reason therefor, to the applicant within a period of seven days.
6) If, upon receipt of information in accordance with sub-section (5), the concerned investor is not satisfied with the decision made by the Department, such an investor may make an application to the Ministry for the review of the decision.
7) The Ministry shall, upon making necessary examination of the application received pursuant to sub-section (6), make a decision thereon within a period of thirty days.