- Type
- Act
- Year
- २०२१ BS
- Status
- In force
- Category
- खण्ड ६: राजश्व तथा आर्थिक प्रशासन · Volume 6: Revenue and Financial Administration
- Official text
- Official page Official text (PDF)
- English translation
- Official English translation archived copy: the original page is no longer online
Includes amendments up to: 2066 BS. Translations may not include later amendments. The Nepali text is the authoritative law.
Analysis drawn from official reports, court rulings and published research, each cited. Figures are being double-checked against the source documents; corrections are welcome.
What does it do?
- The Act bans Nepali citizens, wherever they live, and organisations established in Nepal from investing abroad, to protect the economic interest of the general public. 'Investment' covers foreign securities (shares, stocks, bonds, debentures, trust units and similar), partnership in foreign firms, foreign bank accounts, real estate abroad, and any other cash or in-kind investment abroad except what the Government exempts by notice.सर्वसाधारणको आर्थिक हित कायम राख्न यो ऐनले जहाँसुकै बसोबास गर्ने नेपाली नागरिक र नेपालमा स्थापित सङ्गठित संस्थालाई विदेशमा लगानी गर्न प्रतिबन्ध लगाउँछ। 'लगानी' भन्नाले विदेशी सेक्युरिटी (सेयर, स्टक, बण्ड, डिबेन्चर, ट्रस्टका युनिट आदि), विदेशी फर्मको साझेदारी, विदेशी बैङ्क खाता, विदेशमा रहेको घरजग्गा, र सरकारले सूचना जारी गरी छुट दिएकोबाहेक विदेशमा गरिने जुनसुकै नगद वा जिन्सी लगानी बुझिन्छ। Nepal Law Commission Preamble; Sections 1(2), 2, pp. 1–2
- The Government of Nepal may, by Gazette notice, exempt particular kinds of investment from the ban and set their limits, duration and other conditions.नेपाल सरकारले राजपत्रमा सूचना प्रकाशित गरी खास किसिमका लगानीलाई प्रतिबन्धबाट छुट दिन र त्यस्तो लगानीको सीमा, अवधि र अन्य सर्त तोक्न सक्छ। Nepal Law Commission Section 3, p. 2
- Anyone who breaches the Act or a notice, order or directive under it is punishable by a fine based on the amount invested abroad and/or imprisonment measured in months, with a further fine of Rs 50 per day for continuing the violation after conviction. The Government of Nepal is the plaintiff.ऐन वा यसअन्तर्गतको सूचना, आदेश वा निर्देशन उल्लङ्घन गरेमा विदेशमा गरेको लगानीको बिगोबमोजिम जरिवाना वा महिनामा तोकिएको कैद वा दुवै सजाय हुन्छ, र सजाय पाएपछि पनि उल्लङ्घन जारी राखेमा प्रतिदिन पचास रुपैयाँका दरले थप जरिवाना हुन्छ। मुद्दामा नेपाल सरकार वादी हुन्छ। Nepal Law Commission Sections 4–5, pp. 2–3
Gaps, loopholes and improvement ideas
- Outdated The High-Level Economic Reform Commission listed this Act among laws that curtail the economic freedom of citizens and businesses, raise business costs unnecessarily, are prone to misuse, are needlessly control-oriented and are irrelevant in the present context, and recommended repealing it. It said the Act has become outdated.उच्चस्तरीय आर्थिक सुधार सुझाव आयोगले यो ऐनलाई नागरिक र व्यवसायको आर्थिक स्वतन्त्रता कुण्ठित गर्ने, व्यवसायको लागत अनावश्यक रूपमा बढाउने, गलत प्रयोग हुन सक्ने, अनावश्यक नियन्त्रणमुखी र वर्तमान सन्दर्भमा असान्दर्भिक देखिएका ऐनको सूचीमा राखी खारेज गर्न सिफारिस गरेको छ र यो ऐन असान्दर्भिक भइसकेको उल्लेख गरेको छ। High-Level Economic Reform Commission (उच्चस्तरीय आर्थिक सुधार सुझाव आयोग), submitted to the Ministry of Finance HLERC report, legal reform recommendation 24(झ), printed pp. XIII–XIV (PDF pp. 16–17); recommendation 190(क), printed p. XXIX (PDF p. 32)
Ideas to fix it
- The High-Level Economic Reform Commission recommended repealing this Act and enacting a new law regulating investment abroad that clearly sets permitted sectors, investment limits, approval procedures and regulation. It also recommended allowing, beyond the 2081 business-environment ordinance, outward investment that supports Nepali businesses, for example letting exporters invest up to 25 percent of their average annual export earnings of the last three years to open sales branches or final-processing plants abroad.उच्चस्तरीय आर्थिक सुधार सुझाव आयोगले यो ऐन खारेज गरी विदेशमा लगानी गर्न पाइने क्षेत्र, लगानीको सीमा, स्वीकृतिको विधि र नियमनको विधि स्पष्ट पारिएको 'विदेशमा गरिने लगानी नियमन गर्ने ऐन' जारी गर्न सिफारिस गरेको छ। २०८१ को आर्थिक तथा व्यावसायिक वातावरण सुधारसम्बन्धी अध्यादेशले खुला गरेका व्यवस्थाका अतिरिक्त नेपाली व्यवसायलाई टेवा पुग्ने विदेश लगानी खुला गर्न पनि आयोगले सुझाएको छ, जस्तै निर्यातकर्ताले पछिल्ला तीन वर्षको औसत वार्षिक निर्यात आम्दानीको २५ प्रतिशतसम्म विदेशमा बिक्री शाखा वा अन्तिम प्रशोधन गर्ने कारखाना खोल्न लगानी गर्न पाउने। Proposed by: High-Level Economic Reform Commission (2081) High-Level Economic Reform Commission (उच्चस्तरीय आर्थिक सुधार सुझाव आयोग), submitted to the Ministry of Finance
Where does it conflict with other laws?
No conflict with another law is documented in the sources we have reviewed so far.
Open questions for lawmakers
Research candidates on possible conflicts, gaps or loopholes involving this law. Not legal findings: each awaits qualified legal review.