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Alpine Law Associates is the leading full-service law firm encompassing a wide range of legal practices located in Kathmandu, Nepal. It consists of a team of the country's best lawyers, each with expertise in their respective fields, tailored to meet clients' specific needs.

Office Address

Anamnagar-29, Kathmandu

Phone Number

+977 9841114443

Email Address

[email protected]

Financial Transactions Nepal

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Understanding Lenden Kanoon: Borrowing and Lending Laws in Nepal

Understanding Lenden Kanoon: Borrowing and Lending Laws in Nepal

Lenden Kanoon, or Transaction Law, in Nepal, is guided by the Muluki Civil Code 2074. It governs borrowing and lending practices in both formal and informal systems. Formal transactions require legally executed deeds, including details of involved parties, loan terms, repayment schedules, and interest rates, capped at 10% annually. Informal transactions, often based on trust, are prevalent in rural areas. The law prohibits compound interest and mandates proper procedures for repayment documentation. Non-compliance, such as transactions without deeds or excessive interest, can lead to legal disputes. Understanding these laws is crucial for transparent and enforceable financial dealings in Nepal.

  • January 20, 2025
Understanding Tamasuk in Nepal: Types and Legal Aspects of Transactions

Understanding Tamasuk in Nepal: Types and Legal Aspects of Transactions

Tamasuk plays a crucial role in Nepal’s financial transactions, ensuring mutual trust and legal backing for both formal and informal lending practices. The document ensures security for money borrowed, as defined under sections 474 to 492 of the Muluki Civil Code 2074. Tamasuk types such as Kapali Tamasuk, Dristi Bandhak Tamasuk, Bhog Bandhak Tamasuk, and Lakhabandhak Tamasuk each come with specific features that provide clear terms for lending and repayment, including collateral and interest rates. This system emphasizes the importance of a documented agreement to avoid disputes and ensure fairness in borrowing and lending agreements.

  • January 20, 2025