Section 21: Functions, Duties and Powers of the Board

In addition to its functions, duties, and powers referred to elsewhere in this Act, other functions, duties and powers of the Board shall be as follows:

(a) To give suggestions to the Government of Nepal for such policy, institutional and procedural reforms as may be required to be made for the attraction of foreign investment in industrial and infrastructure development,

(b) To set such strategies and programs as may be required for the enhancement of attraction of foreign investment in Nepal and promotion and protection thereof,

(c) To give approval for the establishment of industries and infrastructures with foreign investment, and promote foreign investment,

(d) To facilitate foreign investment by enhancing, expanding and protecting foreign investment,

(e) To make coordination at the policy and implementation levels of foreign investment,

(f) To assist in the implementation of policies and laws relating to foreign investment,

(g) To make arrangements for the provision of services to foreign investors from the Single Stop Service Centre,

(h) To obtain information as to whether activities of giving approval for foreign investment and delivery of services have been carried out properly and give necessary direction to the concerned body,

(i) To make facilitation, if there arises any problem in respect of the repatriation of foreign investment or amount earned, as referred to in Section 20 or implementation of this Act or the rules framed under this Act,  in that respect,

(j) To perform, or cause to be performed, such other functions as prescribed.