LAW

What do you mean by term foreign investment? What facilities are provided to the foreign investors under the foreign investment and technology transfer act of Nepal?

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Foreign Investment and Investor Facilities in Nepal

Foreign investment denotes the influx of capital, resources, and expertise from external individuals, corporations, or governments into a nation. It is essential for enhancing a country’s economic development, industrialization, and infrastructure advancement. In Nepal, foreign investment manifests through various means, including equity investments, reinvestment of profits, loans, or the transfer of technology aimed at bolstering … Read more

The present world is -words of intellectual properties.” Do you agree with above statement? Justify your answer with proper logical reasoning.

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Around Intellectual Properties The Modern World Revolves

The contemporary landscape is significantly influenced by intellectual properties (IP), which are essential in promoting innovation, driving economic expansion, and advancing technology. Intellectual property rights (IPRs) safeguard the creations of the intellect, including inventions, artistic expressions, designs, and brand identities, thereby becoming fundamental to societal development. This assertion holds true, as IP is a key … Read more

Write short notes on Industrial Promotion Board (IPB)

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Write short notes on Industrial Promotion Board (IPB)

The Industrial Promotion Board (IPB) is a governmental entity established to facilitate and oversee industrial development in Nepal. It serves as a pivotal organization in the creation of policies and strategies designed to attract both domestic and foreign investments, thereby promoting industrial growth and sustainability. Objectives of Industrial Promotion Board (IPB) The IPB is guided … Read more

Write short notes on Anti-Money Laundering (AML)

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Write short notes on Anti-Money Laundering (AML)

Anti-Money Laundering (AML) encompasses a framework of laws, regulations, and procedures aimed at preventing individuals from concealing illegally acquired funds as legitimate earnings. This initiative operates on a global scale, targeting financial crimes such as corruption, drug trafficking, terrorism financing, and tax evasion. Objectives of AML Key Features of AML Implementation of AML in Nepal … Read more

Mention the basic features of Industrial Enterprises Act and its contributions in Nepalese industrial development.

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Mention the basic features of Industrial Enterprises Act and its contributions in Nepalese industrial development.

The Industrial Enterprises Act serves as a fundamental piece of legislation governing industrial operations in Nepal. It establishes the legal framework necessary for the formation, functioning, and administration of industrial enterprises within the nation. The following outlines the principal features of the Act: Industrial Registration and Licensing The Act mandates that all industrial enterprises must … Read more

Briefly discuss the major provisions of Labor Act-2074 of Nepal

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Briefly discuss the major provisions of Labor Act-2074 of Nepal

The Labor Act of 2074 (2017) in Nepal serves as an extensive legal framework aimed at governing labor relations and safeguarding the rights of employees. The following are its key provisions: Scope and Applicability The Labor Act, 2074 is applicable to all organizations and entities that employ workers, encompassing businesses, industries, both private and public … Read more

Discuss the five ways of Discharging a surety from Contract of Guarantee

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Discuss the five ways of Discharging a surety from Contract of Guarantee

A surety involved in a guarantee contract may be released from their obligations under certain conditions. These conditions are designed to safeguard the surety from unjust responsibilities while ensuring that both the creditor and the principal debtor fulfill their duties. The following outlines the primary methods by which a surety can be released from the … Read more

IMPORTANT RIGHTS AND DUTIES OF PLEDGER

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IMPORTANT RIGHTS AND DUTIES OF PLEDGER

RIGHTS OF PLEDGER Right to Seek Damages: The Pledger is entitled to seek compensation for any damages resulting from the negligence of the Pledgee. Additionally, the Pledger may claim damages that arise from any unauthorized use of the pledged items. Right to Request Return of Goods: The Pledger has the right to reclaim the pledged … Read more

Surety’s rights against the Principal Debtor

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Surety's rights against the Principal Debtor

The rights of a surety in relation to the principal debtor serve as essential safeguards, ensuring that the surety is not unduly encumbered when discharging the principal debtor’s obligations. These rights empower the surety to reclaim any amounts disbursed, seek restitution, and be relieved of liability under specific circumstances, such as when the principal debtor … Read more

Explain the Rights of Surety

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Explain the Rights of Surety

A surety is an individual who provides a guarantee for the performance or repayment of a debt or obligation owed by another party, known as the principal debtor, in the event that the principal debtor defaults. The Rights of Surety are safeguarded under the Nepal Contract Act, 2056 (2000). These provisions ensure that the surety … Read more