KATHMANDU: The Department of Foreign Employment (DoFE) has begun to tighten regulations on manpower companies.
The DoFE issued a seven-point directive based on a decision made last week to foreign employment agencies, health institutions and pre-departure orientation organizations under its jurisdiction. Among others, the new directive requires manpower companies to disclose legitimate sources of income when submitting share ledgers exceeding Rs 1 million. Likewise, they must provide documentation of income sources for cash deposits while registering new companies.
Similarly, the DoFE has said that all financial transactions must be conducted through the banking system. Additionally, companies must provide a clear office address with GPS location tracking capabilities.
These agencies have been told to submit the national identity card numbers of company directors and personal character references during company registration, share transfers, and name changes and police reports through Nepal Police’s CRS system; ensure employees are hired with minimum prescribed wages; make all employee salary payments through banking channels; and make social security fund contributions for both organizations and employees
The DoFE has warned that non-compliance to these directives will result in legal action as per existing regulations.