Foreign Exchange (Regulation) Act 2019

Preamble

Section 1: Short Title, Extension and Commencement

Section 2: Definitions

Section 3: License to be Obtained to Carry on Foreign Exchange Transaction

Section 3A: Power of Bank to Take Action

Section 3B: Other Provisions Relating to Foreign Exchange Transactions

Section 4: Procedure for Carrying on Foreign Exchange Transactions

Section 4A: Provisions Relating to Foreign Exchange Obtained by Citizens of Nepal

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

Section 5: Restriction on Export and Import of Certain Currency and Bullion

Section 6: Power of Government of Nepal to Obtain Foreign Exchange

Section 7: Duty of Persons Who Have Source to Obtain Foreign Exchange

Section 8: Duty of Importers

Section 9: Payment of Price of the Exported Goods

Section 9A: To Receive Payment of Value of Exported Goods

Section 9B: Acts Not to be Done by the Exporter

Section 9C: Restriction on Making or Receiving Payment

Section 10: Restriction on Export and Transmission of Securities

Section 10A: Regulation of Investment Abroad

Section 10B: Provisions Relating to Lending and Borrowing of Loans in Foreign Exchange

Section 10C: Provisions Relating to Repatriation, Investment of, and Transfer of Right in Foreign Exchange

Section 11: Power to Demand Statements

Section 11A: Designation of Investigating Officer

Section 11B: To Search for Suspicious Person

Section 11C: Power to Stop and Search Motor Vehicle

Section 11D: Power to Search Building or Place of Transaction

Section 11E: Power to Arrest

Section 11F: Power to Hold in Detention

Section 11G: Prohibition on Divulgence of Secrecy

Section 11H: To Safely Foreign Exchange and Document Taken into Custody

Section 11I: To Give Receipt

Section 11J: To Submit Report

Section 12: Power of Bank to Give Direction, Frame By-Law or Issue Order or Notice

Section 13: Prohibition on Entering into Contract in Contravention of the Objective of This Act

Section 14: Inspection

Section 15: Power of the Government of Nepal to Give Directives

Section 16: Permission of the Bank to be Obtained to Open an Account

Section 17: Punishment

Section 18: Inquiry and Institution of Case

Section 18A: Filing of Case

Section 18B: Certification of Copy of Document Related to Foreign Exchange

Section 19: Document to be Void

Section 20: Reward to be Provision of Information

Section 21: Claim or Complaint Not to Lie

Section 22: Power to Frame Rules

Section 23: Repeal

Section 24: Existing Licenses

Section 25: …………………………...

Place and date of commencement of the remaining Sections of the Foreign Exchange (Regulation) Act, 2019