International Financial Transactions Act 2054

Preamble

Section 1: Short Title and Commencement

Section 2: Definition

Section 3: License to be obtained

Section 4: Financial Entities that may be authorised to obtain License

Section 5: Acts not to be done by International Financial Entities

Section 6: No restrictions on brining in Foreign Currencies

Section 7: Fund to be allowed repatriation

Section 8: Nationalisation not to be done

Section 9: Formation of Promotion Board

Section 10: Functions, Duties and Powers of Promotion Board

Section 11: Formation of Accreditation Committee

Section 12: Functions, Duties and Powers of the Accreditation Committee

Section 13: Application for License

Section 14: Granting of License

Section 15: Information, Details and Documentations may be Demanded

Section 16: Renewal of License

Section 17: Secrecy to be maintained

Section 18: Proceeds to be credited to the formed Fund

Section 19: Sub-Committees may be constituted

Section 20: Cooperation to be Extended

Section 21: Delegation of Power

Section 22: Contact with Government of Nepal

Section 23: Power to make Rules and Bye-Laws

Section 24: Existing laws to Prevail