English title translated by Policy Nepal for navigation. The Nepali legal text is authoritative.
- Type
- Act
- Year
- २०८१ BS
- Status
- Status not yet confirmed
- Official text
- Official page
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?
- This is the Nepal Gazette publication of Act No. 19 of 2081, the omnibus Act amending some Nepal Acts to improve the economic and business environment and promote investment (the same Act is listed separately in the catalogue under its full title). It repeals the ordinance of the same name issued in 2081 and treats actions under that ordinance as taken under this Act.यो आर्थिक तथा व्यावसायिक वातावरण सुधार र लगानी अभिवृद्धि सम्बन्धी केही नेपाल ऐनलाई संशोधन गर्ने ऐन, २०८१ (संवत् २०८१ सालको ऐन नं. १९) को नेपाल राजपत्रमा प्रकाशित पाठ हो (सोही ऐन पूरा नामसहित सूचीमा छुट्टै पनि समावेश छ)। यसले सोही नामको अध्यादेश, २०८१ खारेज गरी सोबमोजिम भएका काम यसै ऐनबमोजिम भएको मानेको छ। Nepal Gazette (Nepal Rajpatra), Department of Printing, Government of Nepal — scanned gazette issue Title page, PDF p. 1; Section 13, PDF p. 35
- It amends eleven economic laws, including the Foreign Exchange (Regulation) Act, 2019, the Revenue Leakage (Investigation and Control) Act, 2052, the Arbitration Act, 2055, the Companies Act, 2063, the Banks and Financial Institutions Act, 2073, the Foreign Investment and Technology Transfer Act, 2075, the Public-Private Partnership and Investment Act, 2075 and the Industrial Enterprises Act, 2076.यसले विदेशी विनिमय (नियमित गर्ने) ऐन, २०१९, राजस्व चुहावट (अनुसन्धान तथा नियन्त्रण) ऐन, २०५२, मध्यस्थता ऐन, २०५५, कम्पनी ऐन, २०६३, बैंक तथा वित्तीय संस्था सम्बन्धी ऐन, २०७३, विदेशी लगानी तथा प्रविधि हस्तान्तरण ऐन, २०७५, सार्वजनिक–निजी साझेदारी तथा लगानी ऐन, २०७५ र औद्योगिक व्यवसाय ऐन, २०७६ लगायत एघारवटा आर्थिक कानून संशोधन गरेको छ। Ministry of Law, Justice and Parliamentary Affairs Sections 2–12 (headings), PDF pp. 1–30
- Key changes: Nepali companies may invest abroad in defined cases under Nepal Rastra Bank conditions; foreign investors may invest through specialised investment funds and industries may take project loans from foreign lenders with central bank approval; revenue-leakage cases can be settled by paying the amount and fine at any stage; fast-track arbitration is allowed and courts must enforce awards within 15 or 30 days; and banks may lend against public-private partnership project agreements with 'step-in' rights.मुख्य परिवर्तन: नेपाली कम्पनीले नेपाल राष्ट्र बैंकका शर्तअनुसार तोकिएका अवस्थामा विदेशमा लगानी गर्न सक्ने; विदेशी लगानीकर्ताले विशिष्टीकृत लगानी कोषमार्फत लगानी गर्न र उद्योगले राष्ट्र बैंकको स्वीकृतिमा विदेशी ऋणदाताबाट परियोजना ऋण लिन सक्ने; राजस्व चुहावट मुद्दामा बिगो र जरिवाना तिरी जुनसुकै चरणमा मिलापत्र हुन सक्ने; द्रुत मध्यस्थताको व्यवस्था र अदालतले पन्ध्र वा तीस दिनभित्र मध्यस्थको निर्णय कार्यान्वयन गराउनुपर्ने; र बैंकले सार्वजनिक–निजी साझेदारी परियोजना सम्झौतालाई धितो मानी 'स्टेप–इन' अधिकारसहित कर्जा दिन सक्ने। Ministry of Law, Justice and Parliamentary Affairs Sections 2, 5, 6, 8 and 10, PDF pp. 1–9, 18–19 and 22–24
Gaps, loopholes and improvement ideas
None documented in the official reports we have reviewed so far.
Where does it conflict with other laws?
No conflict with another law is documented in the sources we have reviewed so far.