Foreign Exchange (Regulation) Act 2019

Section 10: Restriction on Export and Transmission of Securities

Estimated reading: 1 minute 6 views

Except in accordance with the provisions specified by the Bank, no person shall do any of the following acts:

(a) To export any securities to any place outside Nepal,

(b) To transmit any securities to any person residing outside Nepal,

(c) To give any securities to any person residing outside Nepal for earning, use or control by that person or for other purpose.

Explanation: The term “transmission”, in relation to any securities, includes the transmission made in the form of a loan or securities.

Share this Law

Section 10: Restriction on Export and Transmission of Securities

Or copy link

Discover Nepal's laws effortlessly. Our user-friendly platform simplifies legal understanding and accessibility, serving individuals throughout the country.