Section 24: Issuance of order for creating encumbrances over the assets of a foreign individual

1) If any foreign individual does not appear in front of the investigation and inquiry officer as per the notice, even after providing notice by the investigation and inquiry officer or delivering it pursuant to Section 22, the investigation and inquiry officer may issue an order not to take outside Nepal or to create encumbrance over the property, entitlement, interest or concern held by him/her within Nepal, if any, till the person doesn’t appeal in front of the investigation or inquiry officer and it shall be the duty of the all concerned to comply with such order.

2) Person not complying with the order issued pursuant to Sub-section (1) shall be punished with a fine up to Rupees one hundred thousand by the investigation and inquiry officer. The losses or harm caused to the Government of Nepal or public institution, if any, due to such non-compliance of the order shall also be recovered from him/her.