Section 4B: Payment for Sale of Goods or Provision of Services to a Foreigner

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In taking payment by a person, firm, company or body residing in Nepal for the sale of any goods or provision of any services to any foreign person, firm, company or body, such a payment shall be taken in a convertible foreign currency except as otherwise provided by the Bank by publishing and broadcasting a public notice.

Tagged:
Foreign Exchange (Regulation) Act 2019
nepal law

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Section 74: To form safety and health committee
Section 124: Payment of Re-insurance Claim
Section 66: Liability of labours to rest on the main employer
Section 38: Insurance Fund
Section 78: Exemptions, Facilities and Discounts
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Section 123: Settlement of Insurance Claim
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Section 127: Remuneration for strike or lock-out period
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Section 24: Issuance of order for creating encumbrances over the assets of a foreign individual
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Section 157: Collection of Statistics
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Section 17: Buyer’s Obligations
Section 115: The Authority may give directions to merge or to be amalgamated
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Section 84: Provisions relating to tea-estate labours
Section 110: To be borne from Assets of Organisation or Association
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Section 31: Soliciting Proposals
Section 112: Repeal and Saving
Section 34: Termination of membership
Section 97: Prohibition to act
Section 113: Insurance Business May Be Transferred
Section 148: No Hindrance to take actions according to prevailing laws
Section 87: Establishment of Information Network
Section 135: Special Provisions concerning operation of Association
Section 129: Complaint Regarding Loss or Damage
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Section 99: Foreign Insurance Company shall inform to the Authority
Section 16: Meeting of the Board
Section 77: Restriction on Rate of Interest
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Section 37: Professional Code of Conduct and Official Responsibility
Section 95: Inspection and Checking of Accounts
Section 150: Special provisions relating to regulation, monitoring and supervision
Section 46: Compulsory Deposit of Commercial Banks and Financial Institutions
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Section 106: Functions, duties and powers of Management Committee
Section 16: Registration may be Denied
Section 164: Decision may be made by the Labour Court
Section 68: International Clearing and Payment Agreements
Section 127: Double Fine to be imposed
Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 99: Power of the Office to give direction
Section 15: International Level Bidding
Section 10C: Provisions Relating to Repatriation, Investment of, and Transfer of Right in Foreign Exchange
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Section 98: Bank to Provide Information
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Section 69: Banker, Advisor and Financial Agent
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Section 152: Complaint Hearing
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Section 72: Duties of manufacturers, importers and suppliers
Section 81: Credit Information Centre
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Section 22: Provisions relating to Delivery of Notice
Section 10: Goods or Services May be Returned
Section 101: Cooperative Savings and Credits Security Fund
Section 12: Formation of Cooperative Bank
Section 26: Rejection of Bids or Cancellation of Procurement Proceedings
Section 11: Prohibition on employment without entering into employment contract
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Section 21: Claim or Complaint Not to Lie
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Section 63: Provisions concerning sale and withdrawal of shares
Section 117: Liquidation of Insurance Company
Section 41: Claim Payable Fund and Reserve Fund
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Section 38: Functions, Duties and Powers of Annual General Meeting
Section 9: Relation between the Government of Nepal and the Bank
Section 1: Short title and commencement
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Section 55: Delegation of Powers
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Public Procurement Act 2063
Section 55: Price Adjustment in Procurement Contract
Section 4A: Provisions Relating to Foreign Exchange Obtained by Citizens of Nepal
Section 24: Investigation and Filing of Cases
Section 108: Oath of Office
Section 21: Transaction, Business, Industries, or Project may be operated
Section 40: Directives may be given to call an Extraordinary General Meeting
Section 57: Appointment of the Executive Director
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Section 61: Reproduction and Counterfeiting of Currency
Section 131: Operation and Management of Insurance in Province
Section 126: Employment contract not to be violated
Section 133: Annual Report Submit
Section 76: Incorporation of Insurance Company for Micro Business Only
Section 98: To Regulate, Inspect and Monitor
Section 103: Stabilisation Fund
Section 3: Formation of Organisation
Section 96: Investigation may be conducted
Section 11: No Association may be Formed
Section 140: Inter-government transactions may be carried out
Section 88G: Recommendation May be Made for Improving the Financial Condition of the Commercial Bank or Financial Institution
Section 45: Maternity leave
Section 150: To issue the certificate of experience
Section 101: Making application in convenient Office
Section 147: Authority to Hear Case and Execution of The Decision
Section 43: Functions, duties and powers of Board
Section 23: Values, norms and principles of cooperative to be complied with
Section 25: Adjudication proceedings and disposal of the case not be affected
Section 4: Formation of District Sectoral Cooperative Association
Section 163: Power of the Department or Office to decide
Section 13: Functions Duties and Powers of the Chairperson
Section 18: Government to be the plaintiff
Section 16: Trainees may be engaged in work
Section 52A: Provisions Relating to Advance Payment
Section 88F: New Balance Sheet to be Prepared
Section 156: Power to order payment of interest
Section 30: Short List to be Prepared by Soliciting Expression of Interest Openly
Section 58: Books and Accounts
Section 57: Prohibition of Purchase of Goods with Commercial Objectives
Section 73: Duties of labour
Section 89: Recommending Action
Section 11: Export and Import May be Carried Out
Section 30: Provisions relating to overtime
Section 3: To remain as minimum standards
Section 26: Waiver in the Claim of Punishment may be Happen
Section 111: Other Provisions Regarding Special Management of The Insurer
Section 14: Formation of the Board
Section 103: Functions, duties and powers of the Council
Section 94: Delegation of Authority
Section 39: Capital of the Bank
Section 40: Weekly leave
Section 73: Bank may ask for Particulars, Statistics and Documents
Section 160: Delegation of Authority
Section 31: Refusal for Prior Approval and License
Section 18: Method of Submission of Bids
Section 116: Collective claim may be submitted
Section 145: Departmental actions may be taken
Section 11A: Designation of Investigating Officer
Section 117: Report to be submitted
Section 33: Arrangement for transportation to be made
Section 86: Provisions relating to transport labours
Section 15: Non-abuse of regulatory opportunity
Section 38: Measures to Implement the Act
Section 50: Computation of year
Section 32: Restriction on membership
Section 34: Opening of Financial Proposal
Section 3B: Other Provisions Relating to Foreign Exchange Transactions
Section 43: Annual Budget
Section 12: Power of Bank to Give Direction, Frame By-Law or Issue Order or Notice
Section169: Enact and Enforce Regulations
Section 39: Meeting General Meeting
Section 18: Inquiry and Institution of Case
Section 36: Paid Up Capital of the Insurer
Section 83: Accounts to be maintained accurately
Section 88K: Actions Prior to the Commencement of the Action Relating to Resolution to be Inactive
Section 161: Contact with the Government of Nepal
Section 59: License to be obtained
Section 67: Issuance of Debt Bond Against Gold and Foreign Currency
Section 167: Power of the Office to have execution of decisions
Section 4: Description of Goods, Construction Works and Services to be Prepared
Section 123: Special provisions relating to the submission of collective claims, demands
Section 28: Two-Stage Bidding
Section 166: Issue Orders and Directives
Section 150: Insured Insurance Protections Fund
Section 34: Deemed to Have Been Done by the Entrepreneur Himself
Section 132: Details to be Provided
Section 100: Regulation Fee
Section 116: Recommendation may be made
Section 8: Duty of Importers
Section 149: No Obstruction for Punishment
Section 59: Termination of Procurement Contract and Remedy Therefor
Section 93: Responsibilities of Insurance Intermediaries
Section 100: Punishment for Violation of the Bank’s Regulation
Section 88: Provisions relating to domestic labours
Section 27: Power to Refuse Prior Approval
Section 37: May order capital reduction
Section 51: Reference interest rate may be determined
Section 33: May become members
Section 123: Saving of actions taken in good faith
Section 111: Authority to be suspended ipso facto
Section 91: Utilisation of Assets after Liquidation
Section 71: Duties of the responsible person
Section 73: Investment in Subsidiary Company
Section 165: Appeal
Section 23: Examination of Bids
Section 64: Provisions Concerning Withdrawal of Amount and Operation of Accounts
Section 16: Clarification as to Unclear Matter on Bidding or Pre-Qualification Documents
Section 81: Re-Insurance Business
Section 25: Language of the contract
Section 175: Saving of acts done in good faith
Section 46: Birth registration certificate to be submitted
Section 25: Government of Nepal to be the plaintiff
Section 45: Operation of Open Market Transaction
Section 65: Group Insurance Fund
Section 120: Power to form labour arbitration tribunal
Section 7: Duty of Persons Who Have Source to Obtain Foreign Exchange
Section 58: Mechanism for Dispute Settlement
Section 27: Monitoring and Inspection of Electronic Commerce
Section 49: Qualifications of Directors
Section 12: Vacancy in the office of Chairperson or Member
Section 47: Remuneration need not be paid
Section 158: Not being held accountable for actions done with good intentions
Section 135: Opportunity to be given to submit clarification
Section 79: Regulatory Powers of the Bank
Section 10: Qualification of Bidder or Proponent
Section 33: Management Committee
Section 83: Dues to recover
Section 64: Particulars of Foreign Exchange Transactions
Section 9: Tenure of Chairperson and Members
Section 88: Right to give order with respect to Audit of Insurer
Section 27: Bylaws to be framed
Section 122: Arbitral award and collective agreement to be binding
Section 50: Transaction of Savings and Credits to be made concentrating on Member
Section 165: Provide Expert Services
Section 14B: Not to carry out banking transactions in an illegal manner
Section 17: Time and limitation for the Lodgement of First Information Report
Section 19B: Power to request details
Section 11E: Power to Arrest
Section 55: Issuance of Currency and Security
Section 119: Cooperative may be sought
Section 79: Micro-Insurance Regulation Fees
Section 23: Punishment
Section 144: Encouragement may be given
Section 38: Prohibition on deduction of remuneration
Section 86H: Decreasing the Capital of Problematic Commercial Bank or Financial Institution
Section 13: Provision relating to probation period
Section 171: Act Implementation Measurement
Section 73: Delegation of Power
Section 13: Bidding Documents to be Prepared
Section 65: Functions, Duties and Powers of Public Procurement Monitoring Office
Section 141: Punishment
Section 35: Function, Duties and Powers of the Audit Committee
Section 161: Appeal to the Supreme Court
Section 170: Implementing Guidelines and Procedures
Section 147: Compulsory retirement
Section 46: Restriction on sold, mortgaged, or transferred
Section 110: Recommendation for Improving Financial Condition of the Insurer
Section 84: To be sent for freezing
Section 17: Provisions relating to labour to be applicable
Section 142: Contract not to be concluded
Section 9: Not to misuse banking resources, means and assets
Section 13: Not to Derive Excess, Low or False Valuation or Prepare False Financials
Section 2: Definitions
Section 24: Work permit may be issued
Section 37: Entitlement to festival expense
Section 153: Not to Make Insurance Transactions with Anyone Except Insurer
Section 112: Performance evaluation of labours by enterprise
Section 91: License to Insurance Mediators
Section 6: Procurement Plan to be Prepared
Section 15: Continuity of existence of employment relationship during the period held in reserve
Section 26: Summary Procedure to be Adopted
Section 126: To freeze transactions, accounts and assets
Section 118: Conditions Relating to Liquidation of Insurer
Section 71: Deposit Collection
Section 124: Punishment
Section 65: To make inspection, supervision and monitoring
Section 135: Authority May Give Direction to Withold Payment of Insurance or Revoke the Insurance Policy
Section 3: Not to open an account or demand cash payment in an unauthorised manner
Section 134: Due Amount to be recovered
Section 96: Penalty and Punishment
Section 31: Additional remuneration to be paid
Section 60: Submission of details by licensee
Section 11: International Cooperation and Relationship
Section 80: Reinsurance Required
Section 13: Prohibition on Entering into Contract in Contravention of the Objective of This Act
Section 31: Pursuant to the Consumer Protection Act
Section 57: Soiled or Counterfeit Currency
Section 69: Secured Capital Redemption Fund
Section 94: Report on Monetary Policy
Section 15: To be Registered
Section 20: Reward to be Provision of Information
Section 30: Functions, Duties and Powers of the Governor
Section 19: Document to be Void
Section 114: Insurer May Merge or be Amalgamated
Section 43: Provision Relating to Renting House and Land and Obtaining Service on Contract
Section 5: Function, Duties and Powers of the Bank
Section 149: Power to frame Rules
Section 104: Organisation or Association may be declared problematic
Section 176: Special powers of the Ministry
Section 62: Foreign Exchange Policy
Section 54: Medical insurance to be made
Section 138: Fineable
Section 88: Establishment of Credit Information Centre
Section 33: Can open a liaison office
Section 18A: Filing of Case
Section 133: Provisions relating to misconduct may be made in the bye-law
Section 157: Case may be compromised
Section 88I: Sequence of Priority of Payment
Section 1: Short Title and Commencement
Section 65: Loans or Grants may be obtained
Section 1: Short Title, Extension and Commencement
Section 21: Bid Security
Section 82: Special provisions relating to treatment of occupational disease
Section 80: Provisions concerning Blacklist
Section 70: Legal Documents to be Kept on Website
Section 74: Consultation on the Matter of Law Reform
Section 154: Proceeding against contempt of court
Section 84: Preparation of Financial Statements
Section 125: Picketing or assembly may be made
Section 77: Direction to stop the work
Section 138: Cooperative Education
Section 11J: To Submit Report
Section 25: Evaluation of Bids
Section 106: Notice of the Work
Section 80: Banking and Financial System and Credit Control
Section 20: No Exemption from Liability
Preamble
Section 21: Action not be initiated on the ground of breach of secrecy
Section 79: Debts to be recovered
Section 23: Audit Committee
Section 168: Power to Frame Rules
Section 44: Allotment of Shares
Section 89: Provisions relating to seasonal enterprises
Section 114: Remedial Actions may be taken
Section 54: Variation Order
Section 160: Procedures of the cases
Section 6: Disclosure of Details
Section 58: Labours may be employed through supplier
Section 6A: Preparation of Exiting List
Section 57: Social security scheme to be applicable
Section 145: Limitation for Complaint
Section 108: Internal management may be made
Section 4: Prohibition on employing in forced labour
Section 31: Application to be submitted to acquire membership
Section 54: Committee or sub-committee may be formed
Section 7: Not to avail or provide loans in an unauthorised manner
Section 144: Notice to be given
Section 12: Not to Make Loss by Making Alteration in Account or Ledger or by Committing Forgery or Fraud
Section 7: Formation of Provincial Cooperative Association
Section 45: Prospectus and Issue of Shares
Section 131: Authority to adjudicate a case
Section 52: Meetings of Board of Directors
Section 152: Majority decision to prevail
Section 19: Proceedings may be initiated by detaining into the custody
Section 125: Settlement of Small Amount Claim
Section 170: Fixation of basic remuneration
Section 8: Not to misuse credit
Section 6: Formation of the Board
Section 8: Qualification and Disqualification of Chairperson and Member
Section 12A: Not to make any Fraudulent Activities to Bank and Financial Institutions and Cooperatives
Section 183: Repeal and saving
Section 1: Short Title, Extension and Commencement
Section 88L: Other Provisions Relating to Resolution
Section 74: Obtained Approval While Selling Assets
Section 22: Liabilities to be limited
Section 101: Insurer Deemed to be Problematic
Section 29: Functions, Duties and Powers of the Board
Section 44: Construction Works May be Caused to be Carried Out by the Users Committee or Beneficiary Community
Section 112: Final Report to be Submitted
Section 10: Restriction on Export and Transmission of Securities
Section 147: Prevailing law relating to companies not to apply
Section 177: Labour coordination committee
Section 61: Obligations of labour supplier
Section 62: Insurance Contract
Section 42: Election of Board
Section 153: Powers of Labour Court
Schedule
Section 59: Technical or Management Service Agreement
Section 18: Engagement in work as trainee labour
Section 146: Resumption of operation
Section 53: Functions, Duties and Powers of the Board
Section 102: Formation of Central Labour Advisory Council
Section 65: Dealing in Foreign Exchanges
Section 122: Offences deemed to be committed
Section 145: Retrenchment may be made
Section 180: This Act not to apply
Section 93: Submission of Report to Government of Nepal
Section 14: Information to be provided to the Authority
Section 94: Powers, functions and duties of the Office
Section 67: Prohibition on collecting fee from labour
Section 67: Procurement process under this Act not to be applied
Section 148: Request for Details
Section 38: Procurement Contract to be Concluded
Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 142: Employment may be terminated on the ground of incompetence
Section 27: Acting Governor
Section 113: Submission of individual claims
Section 3A: Power of Bank to Take Action
Section 141: Provisions concerning tax
Section 134: Power of The Authority
Section 7: Responsibility Towards Procurement Activities
Section 121: Provisions concerning Employees of Management Committee
Section 14: Inspection
Section 29: Amendment to Bylaws and Internal Procedures
Section 103: ………………….
Section 45: Directors may be removed from Office
Section 87: Provisions concerning Amalgamation and Division
Section 25: ……………………………
Section 90: Work should not be done without a license
Section 41: Board of Directors
Section 29: Granting License
Section 4: Objectives of the Bank
Section 110: Power to Frame Rules and Bylaws
Section 95: Cancellation of License
Section 132: Statutory Limitation to file a complaint
Section 69: Duties of employer towards labour
Section 43: Home leave
Section 151: Standards, Directives or Procedures may be framed and submit
Section 106B: Expert Service to be Provided
Section 149: Labours to get first priority
Section 66: Security of Government of Nepal may be obtained
Section 14: Invitation to Bids
Section 57: Payment of Bill or Invoice
Section 107: Inventory to be prepared
Section 6: Power of Government of Nepal to Obtain Foreign Exchange
Section 37: Power to Make a Directory
Section 17: Deadline for Submission of Bids or Pre-Qualification Proposals
Section 18: Tenure of Office of the Director
Section 74B: Right to Remove Obstacles
Section 121: Priorities on the Payment of Liabilities in Case of Liquidation of the Insurance company
Section 68: Possession of Property Prohibited
Section 166: Decisions to be executed
Section 126: Apparent loss or damage
Section 69: Procurement Transaction May be Carried Out Through Electronic Communications Means
Section 146: Recovery to be made as government due
Section 18: Liability Relating to Transportation
Section 115: Decision to be made by the Office
Section 3: Establishment of the Bank
Section 178: Transitional provisions
Section 4:
Section 13: No Operation of Cooperative Organisation without Registration
Section 29: Coordination Required
Section 29: Regulation may be framed
Section 181: To frame and implement directives and procedures
Section 121: Right to strike for settlement of collective disputes
Section 11G: Prohibition on Divulgence of Secrecy
Section 164: The Government of Nepal may Issue Directives
Section 7: Prohibition on discrimination in remuneration for equal work
Section 11: Oath to be taken
Section 78: Special provisions relating to occupational safety and health
Section 35: Payment of remuneration
Section 113: Audit Report to be prepared
Section 39: Other Provision for Consultancy Services
Section 81: Credit to Prescribed Sectors
Section 45: Works May be Done or Cause to be Done by Force Account
Section 87: Audit of Insurer
Section 47: Dissolution of Board
Section 41: Provision for Direct Procurement
Section 49: Accumulation of leave
Section 22: Restriction on employment of foreigners
Article 144: Jurisdiction of the High Court
Section 5: Registration Required
Section 106C: Government of Nepal May Give Directives
Section 92: Qualifications of Insurance Mediators
Section 34: Cancellation of License
Section 32: Fixation of working hours
Section 132: Prohibition of sexual harassment
Section 143: Settlement of Disputes
Section 90: Provisions concerning Liquidation
Section 2: Definitions
Section 116: Insurer Many Acquire Another Insurer
Section 28: Application to be made
Section 128: Complaint Relating to Payment of Claim
Section 22: Grounds for Removal of the Directors from Office
Section 22: Fines to be Imposed
Section 60: Able to create a whistleblowing policy
Section 103: Special Administration/Management Team
Section 88C: Function, Duty and Power of Special Administration Team
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Section 4B: Payment for Sale of Goods or Provision of Services to a Foreigner

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