The Nepalese central bank has changed the rules governing foreign direct investment in the country. According to the legislation, any company bringing in FDI is not required to acquire its approval.
However, before taking in the money, the enterprises must acquire approval from other relevant institutions and notify the central bank. Similarly, if the FDI is being brought in due to the transfer of share ownership, they must acquire its clearance.
The amendment proposal was drafted in February by Nepal Rastra Bank, but it took four months to be approved and implemented.