In accordance with Rule 45 of the Electricity Regulation Commission Rules, 2075, the Electricity Commission (hereinafter “the commission”) has formulated and implemented this directive relating to getting the prior approval from this Commission for public issue of shares of companies licensed to generate, transmit, distribute or trade electricity.
In order to comply with the mandamus issued by the Supreme Court of Nepal in the case of Advocate Sharmila Parajuli vs. His Majesty’s Government , the Government of Nepal, proceeded with legislation. The legislation ‘Sexual Harassment in the Workplace (Prevention) Act, (2015)’ (hereinafter “Act”)was passed aiming to provide the right of a safe workplace to every individual that came into effect from February 20, 2015. The sole purpose of this Act is to provide the right of protection against any kind of sexual harassment in the workplace faced by the employees as well as the customers. The act has declared itself as a ‘Gender-neutral’ legislation. This article explains the noticeable features of the Act.
The Supreme Court of Nepal recently issued a Directive to conduct Court hearings via audio-visual medium (Video Conference). The Apex Court is granted the power to issue such directives by Rule no. 164 of the Supreme Court Rules, 2074. The primary objective of the Directive is to apply Information Technology (IT) to make the justice dissemination process more accessible, effective and efficient.
The AML Act and its 2014 amendments, and the Unified Directives issued by Rastra Bank, have introduced AML requirements that are in line with international standards, such as a requirement to establish the identity of customers (including politically exposed persons (PEPs) and beneficial owners of companies), transaction monitoring, risk assessment, reporting of suspicious / high-volume transactions and applying risk based approach both in AML compliance and reporting.
On June 6, 2021, the Government of Nepal published the 15th ordinance [Ordinance on Protection of Health Workers and Health Institutions (First Amendment), 2078 BS] of the year 2078 BS in Nepal Gazette for public information. It was issued by the President on the recommendation of the Council of Ministers pursuant to Article 114 (1) of the Constitution of Nepal to amend the Health Workers and Health Institutions Security Act, 2066 BS as the Act needed immediate amendment and there was no convention of the federal amendment at the time.
On 30th May, the current caretaker government presented the federal budget for the fiscal 2078/79 through an ordinance.