How to convert Private Company to Public Company in Nepal

At the time of the incorporation of a business entity, the applicants have options for selecting the types of Company, based on which the Companies Act, 2063 provisions will be applied. The Companies Act allows changing the types post-incorporation from Private Company to Public Company and vice versa.  

Kadaknath Farming in Nepal | Business Plan

"Kadaknath" as a breed is unique because of its meat colour i.e. black and also for its meat health benefits. Kadaknath chicken farming is a low maintenance profitable business and provides jobs to a lot of people related directly or indirectly to the business.

Forfeiture of Shares in Nepal

What is Forfeiture of Shares?

Forfeiture of shares is a process where the company forfeits the shares of a shareholder who fails to pay the call money on shares issued within a certain period of time within due date. In other words, when the shareholder fails to pay the call amount of share which he agreed to pay in installments the company can cancel his allotted shares. In the event of forfeiture of shares, the shareholders losses the rights of being a shareholder and ceases to be a shareholder in a company.

The Truth behind Inflation in Nepal

You may have noticed that filling your bike, going to groceries, building your home, travelling from one place to another, have become more expensive lately. While some things are cheaper than a year ago, overall we are paying more for what we buy. This is called as Inflation.

Environmental Compliance for Industry in Nepal

Industrial Enterprises Act, 2076, requires every Industry should commence its activity related to establishment, operation and transactions only after completion environment studies such as “Initial Environmental Examination” (IEE) and “Environmental Impact Assessment” (EIA); if applicable. 

Components of Digital Society

As the world adjusts to a new normal centred around internet connectivity and digital services, the need to accelerate progress to full-fledged, inclusive digital societies has become more important than ever. In the last year, governments across Asia Pacific have implemented measures to improve access to and drive usage of digital technologies in society; they have also initiated wide-reaching digital transformation plans within the public sector to improve service delivery. As economic activities begin to pick up again, digital technologies will be central to efforts to ensure more resilient and inclusive growth. Enhanced connectivity and digital technologies are already enabling new operating models as well as opening up access to new markets and supply chains for businesses.

Monthly Deposit and Lending Interest Rate of Banks in Nepal

Interest Rate is one of the most talked financial events happening in every country. Interest rate can have a significant impact on the economy as a whole and your personal financial life. 

Current Macroeconomic and Financial Situation of Nepal | Mid May 2020/21

Major Highlights of Macroeconomic situation and Financial situation of Nepal issued by Nepal Rastra Bank on 14th June 2021 are as follows:

Inflation

CPI-based Inflation remained 3.65 percent on y-o-y basis. The y-o-y consumer price inflation stood at 3.65 percent in the tenth month of 2020/21 compared to 5.83 percent a year ago. This shows that the inflation is in decreasing trend.

Working Hours in Nepal | Labour Law

Nepalese labour law regimes require legislative working time limits. Originally, it was intended to enforce hour limits to ensure a safe and healthy working environment and sufficient rest or leisure time between shifts. 

Company Law in Nepal | FAQs | Legal Prespective

Before starting any business you need to get registered with prescribed government departments. There are various types of business structures in Nepal. Business structures are selected on the basis of business requirements, turnover, types of business, number of owners, cost, tax compliance, legal compliance's etc.