Best Funds & Asset Management Lawyers in Nepal

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Bhandari Law and Partners

Bhandari Law and Partners

30 minutes Free Consultation
Kathmandu, Nepal

Founded in 1990
18 people in their team
English
Nepali
Hindi
Banking & Finance Funds & Asset Management Investment +10 more
Bhandari Law and Partners is a full-service law firm in Nepal having team of experienced lawyers in Nepal working in wide areas of practice including Arbitration, Foreign Investment Law, Energy and Infrastructure Law, Construction Law, Public Procurement and Government Contract, Project Finance,...
Imperial Law Associates

Imperial Law Associates

30 minutes Free Consultation
Kathmandu, Nepal

Founded in 2018
20 people in their team
English
Nepali
Hindi
Banking & Finance Funds & Asset Management Tax Increment Financing +10 more
Imperial Law Associates is a team of legal professionals providing the best legal services in Nepal. With the growing need for specialized legal services for a wide range of business and private endeavors, we at Imperial provide top legal advice and assistance best suited to the immediate and...

Founded in 2020
5 people in their team
Nepali
English
Gateway Consult and Builders Pvt. Ltd was established as a multi disciplinary professional company in 2020 to provide expert technical services for comprehensive Civil Engineering, Architectural planning, Development, Research and consulting services as well as construction services to meet the...
Prime Legal Consultants
Kathmandu, Nepal

Founded in 2012
50 people in their team
Nepali
English
Abkhaz
About UsPrime legal consultants and Research Center Pvt. Ltd. was founded in 2012 with its head office located in Anamnagar, Kathmandu. It is founded by Ms. Alpana Bhandari and Mr. Amrit Sharma jointly to promote and provide legal services putting clients at the center and their needs. It...
Pioneer Law Associates
Anamnagar, Nepal

Founded in 1982
30 people in their team
Nepali
English
Pioneer Law Associates was founded in 1982 by four lawyers recognized for professional specialization in their respective practice areas, and with a vision to create institutional set up to provide expert legal services in the areas of commercial, civil and criminal laws. Since the concept of...
Advocates & Jurists

Advocates & Jurists

15 minutes Free Consultation
Kathmandu, Nepal

Founded in 2023
5 people in their team
English
Hindi
Nepali
Unlock Your Legal OptionsAdvocates & Jurists is the legal expert, with over three decades of experience in competitive legal solutions. We help you unlock the full range of legal options for better outcome.Legal Solutions That Make a DifferenceAdvocates & Jurists offers competitive legal...
Gandhi and Associates
Kathmandu, Nepal

Founded in 1987
50 people in their team
Nepali
English
Who We AreFounded in 1987 and adopting the name Gandhi & Associates (“G&A”) in 1997, G&A is a leading corporate and commercial law firm in Nepal founded by Mr. Gandhi Pandit, a Columbia University law graduate. G&A has successfully established itself as a major legal solution...
Lawin & Partners
Kathmandu, Nepal

Founded in 2019
5 people in their team
Nepali
Hindi
English
Lawin and Partners Law Firm in Nepal; Lawyers in Nepal.Our key services includes Divorce, marriage law, family and property law. We defense, represent and advice you on various criminal cases, corporate and commercial disputes in different tires of courts  and institutions. Lawin and...
Chintan Law Associates
Kathmandu, Nepal

Founded in 2000
50 people in their team
Nepali
English
ABOUT USChintan Law Associates | Law Firm in Nepal is a law firm incorporated under the laws of Nepal having it’s registered head office in Kathmandu. We are the leading practitioners in the field of corporate and commercial laws in Nepal.OUR VALUESProfessional ethics and Integrity.Accountability...
Acharya and Associates
Kathmandu, Nepal

Founded in 2002
50 people in their team
Nepali
English
About UsAcharya and Associates is one of the leading law firms in Nepal founded by Advocate  Subash Acharya with a vision to provide expert legal services in the areas of public procurement, criminal, civil and commercial matters. Our team comprise of young and aspirant lawyers which aims to...
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About Funds & Asset Management Law in Nepal

Funds and asset management in Nepal is a developing field that plays a vital role in the country's economic growth and capital market development. It involves the professional management of investment funds and assets on behalf of individuals, institutions, and organizations. This field ensures the proper allocation and oversight of resources such as mutual funds, pension funds, and investment portfolios in accordance with established laws and regulations. The regulatory framework is primarily overseen by the Securities Board of Nepal (SEBON), which sets guidelines for fund managers, investment companies, and related organizations to protect the interests of investors and maintain market integrity.

Why You May Need a Lawyer

Dealing with funds and asset management can be complex, and legal assistance might be necessary in several situations, including:

  • Setting up or registering an investment fund, mutual fund, or asset management company
  • Managing compliance with SEBON rules and other regulatory requirements
  • Drafting or reviewing investment agreements and disclosures
  • Disputes between investors and fund managers or among fund participants
  • Investigations or penalties related to alleged violations of securities or fund management laws
  • Facilitating mergers, acquisitions, or restructuring of funds or asset management companies
  • Protecting investor interests in case of fund mismanagement or fraud

Local Laws Overview

Nepal’s funds and asset management sector is primarily governed by the following key laws and regulations:

  • Securities Act 2063 (2007): Sets the legal foundation for securities trading, fund formation, and investor protection in Nepal.
  • Mutual Fund Regulations 2067 (2010): Provides detailed guidelines for the establishment, operation, registration, and supervision of mutual funds.
  • Securities Board of Nepal (SEBON) Directives: SEBON periodically issues guidelines and directions to regulate asset management activities, fund launches, and disclosures.
  • Company Act 2063 (2006): Governs the incorporation and operation of companies, including fund and asset management companies.
  • Foreign Investment and Technology Transfer Act: Outlines regulations for foreign investment, including participation in funds and investment schemes.

These laws establish who may operate as a fund manager or asset management company, the procedures for fund registration and disclosure, obligations towards investors, investment restrictions, and reporting requirements. They are designed to safeguard investor interests, ensure transparency, and promote sound management practices.

Frequently Asked Questions

What is a mutual fund, and how does it operate in Nepal?

A mutual fund in Nepal collects money from multiple investors to invest in securities like shares, bonds, and other assets. It operates under the Mutual Fund Regulations, and investors receive proportional units representing their share in the fund’s portfolio. Licensed mutual funds are managed by experienced professionals, and their activities are overseen by SEBON.

Who can manage investment funds or asset portfolios in Nepal?

Only companies licensed by the Securities Board of Nepal can manage funds or asset portfolios. These include commercial banks, development banks, and specific asset management companies that meet regulatory criteria regarding capital, expertise, and corporate governance.

Are foreigners permitted to invest in Nepali funds?

Yes, foreign investors can participate in certain funds subject to the Foreign Investment and Technology Transfer Act. However, they may face restrictions on the type and proportion of investment, and must comply with regulatory approvals and reporting requirements.

How are investors protected under Nepali law?

Investors are protected by mandatory disclosures, limits on the types of investments funds can make, fiduciary duties of fund managers, and regulatory supervision by SEBON. Penalties exist for fraud, mismanagement, and violation of investor rights.

What disclosures are required from fund managers?

Fund managers must provide detailed prospectuses before fund launch, periodic reports on fund performance, and disclose any significant changes in operations. Ongoing disclosures include valuation of assets, fees charged, and major transactions.

Can asset management companies offer guaranteed returns?

Generally, asset management companies cannot guarantee returns, as investments carry inherent risks. Promising fixed returns is misleading under Nepali law unless there is a specific legal basis or government guarantee.

What is the role of SEBON in funds and asset management?

SEBON regulates, supervises, and monitors the securities market, including mutual funds and asset management companies. It enforces compliance, processes registrations, investigates violations, and works to protect investor interests and maintain market stability.

What should I do if I suspect fund mismanagement or fraud?

You should immediately report your concerns to SEBON or relevant financial authorities. Legal counsel can help you file official complaints, understand your rights, and pursue recovery if your investment has been mishandled or lost due to fraud.

Are there taxes on fund investments or returns in Nepal?

Yes, returns from fund investments may be subject to income tax or capital gains tax according to prevailing tax laws. The specifics depend on the type of fund, investor status, holding period, and other factors. A tax consultant or lawyer can provide guidance on your liabilities.

How can I select a reliable fund or asset manager in Nepal?

Look for SEBON-licensed entities with a proven track record, transparent fee structures, regular reporting, and clear communication. Independent research and legal advice can help you assess a manager’s reputation and compliance history.

Additional Resources

If you need more information or assistance with funds and asset management in Nepal, consider reaching out to the following bodies:

  • Securities Board of Nepal (SEBON)
  • Nepal Stock Exchange Limited (NEPSE)
  • Nepal Rastra Bank (Central Bank of Nepal)
  • Ministry of Finance, Government of Nepal
  • Nepal Investors Forum
  • Local bar associations and law firms specializing in financial and securities law

Next Steps

If you require legal assistance in funds and asset management in Nepal, begin by identifying the specific legal issue or question you have. Gather all relevant documents such as investment agreements, fund disclosure statements, and correspondence with fund managers. Consider consulting a lawyer who specializes in securities or asset management law for an initial review. They can guide you on compliance, resolve disputes, and represent your interests before regulatory bodies or in court. Acting promptly and seeking professional advice can help protect your investments and ensure your rights are upheld under Nepali law.

Lawzana helps you find the best lawyers and law firms in Nepal through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Funds & Asset Management, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Nepal - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.