  We study the world-volume effective action of stable non-BPS branes present
in Type II theories compactified on K3. In particular, by exploiting the
conformal description of these objects available in the orbifold limit, we
argue that their world-volume effective theory can be chiral. The resulting
anomalies are cancelled through the usual inflow mechanism provided there are
anomalous couplings, similar to those of BPS branes, to the twisted R-R fields.
We also show that this result is in agreement with the conjectured
interpretation of these non-BPS configurations as BPS branes wrapped on
non-supersymmetric cycles of the K3.
