The Financial Act, 2011 (formerly the Income Tax Act 2002) addresses the
charges, taxes, duties, and fees relating to revenue administration of
the GON.
The Water Resources Act, 1992 was established to promote the optimum
utilization, conservation and development of Nepal's water resources,
including surface water or underground water, and to make timely legal
arrangements for determining beneficial uses of water resources,
preventing environmental and other hazardous effects, and keeping water
resources free from pollution.
The Foreign Investment and Technology Transfer Act, 1992 was formulated
to promote the maximum mobilization of limited capital to increase the
competitiveness of Nepal's human capital and natural resources. The act
was amended and enacted in August 2000.
The Company Act 2006 was amended and enacted in August 2007. The act
aims to foster dynamic economic development by promoting investment in
industry, trade and business. Download the pdf version. Company Act
In order to develop electricity power by its generation, distribution as
well as to standardize and safeguard the electricity services, the
Electricity Act 1992 has come into force since then.
The Foreign Investment and One-Window Policy, was formulated in 1992 in
order to increase private sector participation and generate additional
opportunities for income and employment, particularly in the area of
industrial production. The policy aims to increase productivity by
importing foreign capital and modern technology management and skills to
increase the competitiveness of Nepalese industries in international
markets.
Hydropower
IPOs is generally well received and always oversubscribed by many times in
Nepal. The phenomenon can be analyzed from two straight dimensions.
KATHMANDU, April 5: Commoners
seem to be interested to invest in promoter shares of hydropower projects but
their hands have been tied in lack of legal provisions. A few hydropower
developers have been indirectly collecting promoters’ investment from commoners
on the basis of their background but there are no legal provisions to give
continuity to that.
It may come as a surprise to some that HIDCL is going to do
the largest IPO in the history of Nepal since many of us do not clearly know
what HIDCL is all about. Here is my review of HIDCL and its upcoming IPO.
NIBL Capital Markets Limited, a subsidiary of Nepal Investment Bank Limited,
has signed an agreement with Garjang Valley Hydropower Ltd. for its IPO. NIBL
Capital Markets Ltd. will be the issue manager.