The Bill on Safe Transactions has been passed by the Finance Committee. The finance committee unanimously passed the amendment proposal on the bill on Sunday.
Santosh Chalise, Chairman of the Finance Committee, informed that the amendment report on the passed bill will be prepared and submitted to the Parliament Secretariat within two days.
The Ministry of Finance had registered this bill in the National Assembly on February 4, 2080, stating that it is necessary to make the transactions done by individuals and organizations at the national and international level safe and orderly and make the legal arrangements related to safe transactions timely. The Finance Committee has discussed the amendment of the same bill.
MPs including Ranendra Bareili, Nisha Dangi, Damodar Poudel Bairagi, Madhav Sapkota, Sobita Gautam and Prem Suwal proposed amendments to the bill passed by the National Assembly. However, MP Suwal and Dangi did not attend the discussion of the Finance Committee. In the bill passed by the
committee, provisions are also made about the liability of movable, immovable and tangible and intangible assets. Chairman Chalise informed that the bill is going to make arrangements to take loans from banks and financial institutions by mortgaging movable property apart from houses and land. "Included assets other than immovable property, minerals licensed for mining, intellectual property and any kind of tangible or intangible property of a person are included in the definition of movable property in the bill," he said. Loans can be taken by mortgaging even the taken minerals The bill mentions .
