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 135: Authority May Give Direction to Withold Payment of Insurance or Revoke the Insurance Policy
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Section 151: Insurance Development Fund
Section 103: Special Administration/Management Team
Section 24: Work permit may be issued
Section 1: Short title and commencement
Section 100: Annual Report to be submitted
Section 140: Termination of time-based and work-based employment
Section 119: Cooperative may be sought
Section 150: Insured Insurance Protections Fund
Section 8: Privileges and Facilities to the Bank
Section 14: Information to be provided to the Authority
Section 68: Formulation of safety and health Policy
Section 145: Departmental actions may be taken
Section 8: Procurement Method to be Selected
Section 44: Allotment of Shares
Section 23: Repeal
Section 106: Fixation of minimum remuneration
Section 171: Special provisions relating to managers and managerial level labours
Section 13: Prohibition on Entering into Contract in Contravention of the Objective of This Act
Section 65: Loans or Grants may be obtained
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Section 37: Entitlement to festival expense
Section 88I: Sequence of Priority of Payment
Section 14: Application to be Submitted for Registration
Section 54: Variation Order
Section 126: Employment contract not to be violated
Section 94: Delegation of Authority
Section 107: No Responsibility for Acts Done in Good Faith
Section 26: Functions of National Cooperatives Federation
Section 164: Decision may be made by the Labour Court
Section169: Enact and Enforce Regulations
Section 117: Liquidation of Insurance Company
Section 2: Definitions
Section 83: Dues to recover
Section 19: Part-time employment
Section 90: Provisions relating to enterprise which is incorporated in foreign country and operates business in Nepal
Section 50: Disqualifications of Directors
Section 22: Liabilities to be limited
Section 84: Inspection and Supervision
Section 68: Method of Communication
Section 43: Home leave
Section75: Saving from action
Section 70: The Insurance Appraisal
Section 15: Punishment
Section 50: Transaction of Savings and Credits to be made concentrating on Member
Section 147: Authority to Hear Case and Execution of The Decision
Section 69: Duties of employer towards labour
Section 117: To hold negotiations on collective claims, demands
Section 29: Consultancy Services May be Procured
Section 143: Special Provision Related with The Insured
Section 138: Cooperative Education
Section 85: Exchange of Mutual Cooperation
Section 10A: Regulation of Investment Abroad
Section 49: Qualifications of Directors
Section 13: Functions Duties and Powers of the Chairperson
Section 115: Decision to be made by the Office
Section 46: Birth registration certificate to be submitted
Section 22: Grounds for Removal of the Directors from Office
Section 102: Formation of Central Labour Advisory Council
Section 21: Disqualification of the Directors
Section 66: Security of Government of Nepal may be obtained
Section 88L: Other Provisions Relating to Resolution
Section 72: Records to be maintained
Section 105: Trust Accounts
Section 127: Person Entitled to Get Payment
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Section 122: Arbitral award and collective agreement to be binding
Section 44: Monetary Policy
Section 95: Acts Deemed to be Offences Under this Act
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Section 71: Provisions concerning Other Funds
Section 148: Request for Details
Section 27: Acceptance of Bid and Procurement Contract
Section 10: Not to acquire assets or open account by borrower who has over dues
Section 62: Insurance Contract
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Preamble
Section 121: Priorities on the Payment of Liabilities in Case of Liquidation of the Insurance company
Section 13: Not to Derive Excess, Low or False Valuation or Prepare False Financials
Section 41: Board of Directors
Section 49: Application May be Filed Before the Review Committee
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Section 76: Appointment of an Auditor
Section 6: Procurement Plan to be Prepared
Section 82: Special provisions relating to treatment of occupational disease
Section 99: Power of the Office to give direction
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Section 41: Allocation of net profit
Section 52: Limit of Personal Saving
Section 148: No Hindrance to take actions according to prevailing laws
Section 47: Dissolution of Board
Section 6A: Preparation of Exiting List
Section 9: Tenure of Chairperson and Members
Schedule
Section 171: Act Implementation Measurement
Section 49: Accumulation of leave
Section 35: Function, Duties and Powers of the Audit Committee
Section 24: Existing Licenses
Section 20: Fund of the Insurance Authority
Section 28: Two-Stage Bidding
Section 31: Delegation of powers
Section 39: Remuneration for reserve period
Section 15: Appointment of the Governor
Section 150A: Instructions On Prevention of Money Laundering Must Be Followed
Section 86F: Power of the Bank for Corrective Action
Section 179: This Act to prevail
Section 57: Appointment of the Executive Director
Section 8: Duty of Importers
Section 3A: Power of Bank to Take Action
Section 86: Appointment of Auditor of Insurer
Section 140: Inter-government transactions may be carried out
Section 52: Meetings of Board of Directors
Section 81: Re-Insurance Business
Section 33: Can open a liaison office
Section 148: Payment of benefits
Section 17: Appointment of the Directors
Section 71: Deposit Collection
Section 84: Preparation of Financial Statements
Section 3: Establishment of the Authority
Section 24: Restriction on Insurance Business without license
Section 91: To observe fair labour practice
Section 14A: Not to carry out Dhukuti transactions
Section 84: To be sent for freezing
Section 10B: Provisions Relating to Lending and Borrowing of Loans in Foreign Exchange
Section 135: Opportunity to be given to submit clarification
Section 139: Security of employment
Section 34: Entitlement of labours to remuneration
Section 6: Not to obtain or make payment by way of abuse or unauthorised use of electronic means
Section 15: To be Registered
Section 41: Public leave
Section 131: Operation and Management of Insurance in Province
Section 74: To form safety and health committee
Section 27: Power to Refuse Prior Approval
Section 25: Public Notification of Governor’s Appointment
Section 22: Restriction on employment of foreigners
Section 84: Provisions relating to tea-estate labours
Section 52A: Provisions Relating to Advance Payment
Section 143: Settlement of Disputes
Section 32: Opening of proposals
Section 122: Offences deemed to be committed
Section 152: Majority decision to prevail
Section 12: Flow of Public Information
Section 32: Can open a branch office
Section 104: Organisation or Association may be declared problematic
Section 25: ……………………………
Section 128: Prohibition on filing of case against loss
Chapter-2 Establishment of Authority and Its Functions, Duties and Power
Section 21: Transaction, Business, Industries, or Project may be operated
Section 136: Exercise of Voting Right
Section 48: Discount Operation
Section 73: Bank may ask for Particulars, Statistics and Documents
Section 100: Labour audit to be made
Section 44: Directors not to continue to hold the office
Section 13: No Operation of Cooperative Organisation without Registration
Section 110: To be deputed as representative
Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 39: Compulsory Reserve Fund
Preamble
Section 89: Fiscal Year
Section 61A: Departmental Action to be Taken
Section 5: Not to make unauthorised withdrawals or payments
Section 22: Power to Frame Rules
Section 29: Not to compel to work overtime
Section 53: Functions, Duties and Powers of the Board
Section 95: Inspection and Checking of Accounts
Section 71: Evaluation Committee to be Formed
Section 157: Case may be compromised
Section 31: Soliciting Proposals
Section 91: License to Insurance Mediators
Preamble
Section 6: Formation of Provincial Sectoral Cooperative Association
Section 94: Report on Monetary Policy
Section 47: Failure to Maintain Compulsory Deposit
Section 58: Labours may be employed through supplier
Section 104: Office of member of the Council to be vacant
Section 133: Annual Report Submit
Section 39: Capital of the Bank
Section 35: List to be Published
Section 89: Provisions relating to seasonal enterprises
Section 36: General Meeting
Section 58: Provisions Relating to Currency Inventory and Issuance of Currency
Section 18A: Filing of Case
Section 3: Establishment of the Bank
Section 74: Consultation on the Matter of Law Reform
Section 32: Prohibition on Vested Personal Interest
Section 88C: Function, Duty and Power of Special Administration Team
Section 88F: New Balance Sheet to be Prepared
Section 58: Mechanism for Dispute Settlement
Section 6: Power of Government of Nepal to Obtain Foreign Exchange
Section 31: Additional remuneration to be paid
Section 74: Obtained Approval While Selling Assets
Section 17: Cooperative Organisation to be a Corporate Entity
Section 162: Right to make complaint
Section 48: Review Committee
Section 96: Obligations of inspector or employee
Section 37: Negotiations with the Proponent
Section 141: Employment may be terminated voluntarily
Section 20: Not to restrain from working elsewhere
Section 48: Mourning leave
Section 182: Powers to frame rules
Section 3: To remain as minimum standards
Section 11: Oath to be taken
Section 51: Procurement Proceeding to be Withheld
Section 142: Contract not to be concluded
Section 74B: Right to Remove Obstacles
Section 115: Management Committee may write to take action
Section 156: Power to order payment of interest
Section 102: Filing Appeals
Section 21: Bid Security
Section 54: Functions of Cooperative Bank
Section 23: Values, norms and principles of cooperative to be complied with
Section 88: Provisions relating to domestic labours
Section 94: Renewal of License of Insurance Intermediaries
Section 123: Settlement of Insurance Claim
Section 82: Information to be Furnished to Bank
Section 5: Formation of District Cooperative Association
Section 12: Power of Bank to Give Direction, Frame By-Law or Issue Order or Notice
Section 37: May order capital reduction
Section 19B: Power to request details
Section 45: Operation of Open Market Transaction
Section 78: Exemptions, Facilities and Discounts
Section 119: Power of The Authority to Initiate the liquidation Process
Section 6: Formation of the Board
Section 150: Special provisions relating to regulation, monitoring and supervision
Section 109: Transfer may be made
Section 108: Internal management may be made
Section 59: License to be obtained
Section 48: Term of Office of the Director
Section 63: Payment of remuneration and other benefits
Section 116: Recommendation may be made
Section 37: Functions, Duties and Powers of Preliminary General Meeting
Section 88K: Actions Prior to the Commencement of the Action Relating to Resolution to be Inactive
Section 78: Claim of Micro-Insurance
Section 9A: To Receive Payment of Value of Exported Goods
Section 105A: State Government may constitute a State Labour Advisory Council
Place and date of commencement of the remaining Sections of the Foreign Exchange (Regulation) Act, 2019
Section 39: Other Provision for Consultancy Services
Section 96: Penalty and Punishment
Section 106: Functions, duties and powers of Management Committee
Section 79: Regulatory Powers of the Bank
Section 75: Credit to the Government of Nepal and Purchase of Government Debt Bonds
Section 92: Deemed to be unfair labour practice
Section 28: Meeting of the Board
Section 162: Coordinate with Public Bodies
Section 7: Functions not to be Carried out by the Bank
Section 48: Formation of Accounts Supervision Committee
Section 38: Prohibition on deduction of remuneration
Section 121: Provisions concerning Employees of Management Committee
Section 14: Continuity of existence of the employment relationship despite change in ownership
Section 21: Accounting of Income and Expenditure
Section 51: Reference interest rate may be determined
Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 10C: Provisions Relating to Repatriation, Investment of, and Transfer of Right in Foreign Exchange
Section 9: Right to remedy
Section 41: Provision for Direct Procurement
Section 11: No Association may be Formed
Section 166: Decisions to be executed
Section 160: Procedures of the cases
Section 18: Government to be the plaintiff
Section 102: Measures For the Reformation of Problematic Insurer
Section 58: Functions, Duties and Power of Chief Executive
Section 85: Preference to be accorded
Section 146: Resumption of operation
Section 51: Monetary Unit
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