Publications
Q & A: Contribution based Social Security Fund
Contribution-based Social Security Act, 2017 was enacted on 29 Shrawan, 2074 (13 August 2017) and has been enforced since the 91st day of the enactment. The notice for enrolling with Social Security Fund was published on 26 Karthik, 2076 (12 November 2019) requiring...
Brief on Foreign Investment and Foreign Loan Management By-Law 2021
Nepal Rastra Bank, the central bank of Nepal (“NRB”) enacted “Foreign Investment and Foreign Loan management By-Law” (“By-Law”) on 8 June 2021 (25 Jestha 2078) pursuant to Foreign Exchange Regulation Act 1962 and Nepal Rastra Bank Act 2002. By-Law has introduced a...
Contribution-based Social Security
Labor Act, 2017 required the amount of provident fund and gratuity to be deposited in the Social Security Fund. It further provided that certain benefits if are provided by the Social Security Fund would not be further required to be provided by the Employer such as...
Minimum Remuneration of Employees
The Government of Nepal, Ministry of Labor, Employment and Social Security published a notice on 20 Baisakh, 2078 B.S. (3 May, 2021 A.D.) concerning the minimum remuneration paid to employees (“Minimum Remuneration Notice”). The notice has revised the minimum...
Do you know the Difference between CONSULTANT AND EMPLOYEE ?
Consultants are often treated as employees. However, there are some major differences to the nature of their work and terms and conditions of their engagement. The table below helps us understand the key differences between (independent) consultant and employee....
NRB permits Payment in Foreign Currency for purchase of foreign goods and services
NRB allows payment in Foreign currency Nepal Rastra Bank, the Central Bank is the primary regulator of foreign exchange and as such regulates all inward and outward foreign currency exchanges. The Central Bank has been generally authorizing...
Payment of Royalty in Technology Transfer Agreement
In Nepal, a foreign investor can invest in any industry through technology transfer also. There is no restriction on the category of industry to undergo technology transfer. The regime of technology transfer is regulated by Foreign Investment and Technology Transfer...
Legal News
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