Electronic Transactions Act was not amended through the Ordinance, IT companies cannot open branches abroad

It has been found that the government has not amended the Electronic Transactions Act 2063 through an ordinance. The Council of Ministers meeting on May 10 decided to amend 9 laws.

But it turns out that the ordinance was altered before it made it to the president’s desk. The President’s Sunday Ordinance amending certain Nepalese Acts related to investment facilitation no longer includes the amendment to the Electronic Transactions Act 2063.

An ordinance to amend the Electronic Transactions Act, 2063 was approved by the Council of Ministers meeting.

But the Electronic Transactions Act, 2063, has not been amended in the ordinance issued by the President and published in the Nepal Gazette.

For the Cabinet of Ministers to approve the sending of the Presidential Executive, Nepali IT companies will be allowed to open branch offices abroad, and foreign exchange facilities will be provided to import IT-related materials and services.

However, the ordinance published in the Gazette does not have both of these provisions. Nepali IT companies have been demanding to open branches abroad.

Such is the ordinance