NRB sets a new benchmark rate for Foreign Loan

NRB sets a new benchmark rate for Foreign Loan

Nepal Rastra Bank has amended the “Foreign Investment and Foreign Loan Management By-laws” (hereinafter “By-laws”) on 23 January 2022 (9 Magh 2078) pursuant to the rights granted by Foreign Exchange Regulation Act 1962 and Nepal Rastra Bank Act 2002. This By-law has...
NRB sets a new benchmark rate for Foreign Loan

Legal Regime of Foreign Investment in Nepal

Foreign Investment in Nepal is regulated by the Foreign Investment and Technology Transfer Act 2019 (hereinafter “FITTA”) and Public Private Partnership Investment Act 2019 (hereinafter “PPPIA”). With an attempt to further facilitate and expedite foreign investment,...
Cheque Bounce and Legal Remedies in Nepal

Cheque Bounce and Legal Remedies in Nepal

What is a Cheque Bounce ? Dishonor of a cheque occurs whereby a bank refuses to accept or pay the drawn amount to the payee due to various reasons such as: if the cheque is overwritten, if the signature is absent or the signature in the cheque does not match with the...

Q & A: Registration of Patent and Design in Nepal

Q. Is registration of Patent and Design mandatory? A. Yes, registration of Patent and Design is mandatory to seek protection as per the Patent, Design and Trademark Act, 2022. If any person wants to acquire a right over a patent such person should register the patent...
HOW TO START AN E-COMMERCE COMPANY IN NEPAL

HOW TO START AN E-COMMERCE COMPANY IN NEPAL

The E-commerce sector in Nepal has been flourishing at a rapid pace. However, interested individuals or entities often find it difficult to carry out e-commerce business in the absence of any specific laws regulating the business. In order to address this legal...