Arthabichar Nepal - Guide to Entrepreneurs, Startups, and Business Enthusiast

Goods News Indeed! Companies registrar office has finally agreed to the documents submitted online via their web portal and doesn't require to submit any additional paper documents. We certainly hope that these bring efficiency in the work and help companies to get things done smoother. We, also, hope that these will reduce the role of intermediaries who were charging unnecessarily high fees to help companies registered or ensure compliance and also, bring the level of corruption down. 1) Company Registration - New companies should only submit the proposed Memorandum of Association (MOA) and Article of Association (AOA).  2) Compliance -  Annual reports, audit reports, and all other reports required to be submitted earlier. 3) Share Detail -  -      Copy submitted online shall be certified by Company Registrar Office and such certified copy must be kept at the registered office of the Company. Company Registrar Office will only keep the digital copy and it...

Postage Stamp was a mandatory part of the application for registration of a company in Nepal. In fact, it is not only for the registration of the company but for most of the government applications, be it simple handwritten or special forms. Thumb rule is no postage stamp no registration. You must be wondering is it in addition to an application fee or registration fee levied by the government. And, the answer is yes. This is on top of the regular service fee charged.  One can find the postage stamp easily in the nearby shops or cafeteria where such government offices are situated. However, with the Companies Act, 2063, and its directives issued in 2072, the provision of furnishing postage stamp along with application has been repealed. What does it mean? One is no longer required to buy a postage stamp and place it on top of the application or form for registration of the company. Photo credit: Google Image Let us talk about the Postage Stamp itself.  Do you know wh...

प्रा.लिको हकमा चुक्ता पुँजि बराबरको रकम कम्पनिको खातामा जम्मा गर्नै पर्ने कुनै कानुनी व्यवस्था छ ? यदि त्यस्तो व्यवस्था भएको खण्डमा सो बराबरको रकम जम्मा नभएको भएमा वित्तिय विवरण वा वसालतमा कसरी देखाउनु पर्छ ? A recent circular issued by the Office of Company Register has made it mandatory to submit the original copy of the deposit voucher and bank statement or notarized copy of deposit voucher/bank statement for the share allotment by Company Registrar office. This provision has made all the transactions related to shares both sale and purchase to be done through banking channels only unlike past where companies were showing cash transactions. Please refer to image below for the notice. However, as raised on the question above, it is possible that the company has not received all of the issued capital or called up capital within the time frame prescribed on the call made to its shareholders. The terminology for such shortfall is "Calls in Arrears". For Instance: Let...

We normally get a lot of question in different forums on what is the registration fee of Company in Nepal and what are the various penalties imposed for non-compliance. Here's what we have compiled for you. Please get back to us on comments if you have any additional query. 1.          Fees during company registration a.        Private Limited Company S.N Authorized Capital Fee (In NRs.) 1 Up to Rs. 100,000 1,000 2 From 100,001 to 500,000 4,500 3 From 500,001 to 25,00,000 9,500 4 From 25,00,001 to 1,00,00,000 16,000 5 From 1,00,00,001 to 2,00,00,000 19,000 6 From 2,00,00,001 to 3,00,00,000 22,000 7 From 3,00,00,001 to 4,00,00,000 25,000 8 From 4,00,00,001 to 5,00,00,000 28,000 9 From 5,00,00,001 to 6,00,00,000 31,000 10 From 6,00,00,001 to 7,00,00,000 34,000 11 From 7,00,00,001 to 8,00,00,000 37,000 12 From 8,00,00,001 to 9,00,0...