Section 432. Restriction on transfer of immovable property to foreigner

1) No person shall, without obtaining prior permission of the Government of Nepal, transfer any immovable property to a foreigner, except for the person who has acquired the non-resident citizenship of Nepal, according to the prevailing law.

2) If any person transfers any immovable property to a foreigner in contravention of sub-section (1), the relevant deed shall ipso facto be void, and such property shall devolve on the Government of Nepal.

3) The amount invested by the creditor in the obtainment of an immovable property pursuant to sub-section (1) shall be equivalent to an unsecured bond (Kapali).