www.lawcommission.gov.np www.lawcommission.gov.np Nepal Petroleum Act, 2040 (1983) Date of Authentication and the Publication 2040-6-24 (10 Oct. 1983) Amendments 1. Administration of Justice Act, 2048 2048.2.16 2. Income Tax Act, 2058 2058.12.19 3. Republic Strengthening and Some Nepal Laws Amendment Act, 2066 (2010) 2066.10.7 (21 Jan. 2010) An Act made to provide for Petroleum Preamble: Whereas, it is expedient to make legal provision with respect to the development of Petroleum resources occurring within the country in order to promote the welfare and economic interest of the people in general and the economic development of the nation, Now, therefore, be, it enacted by His Majesty King Birendra Bir Bikram Shah Dev, on the advice and with the consent of the Rastriya Panchayat. 1. Short Title and Commencement: (1) This Act may be called the "Nepal Petroleum Act, 2040". (2) This Act shall come into force on such date as Government of Nepal may, by a Notification published in ...