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. 

Corporate Social Responsibility in Nepal | Legal Requirements

Corporate Social Responsibility (CSR) is a corporate strategy that looks at how the business can benefit the wider society. Organization engage in CSR activities for a number of reasons which include - improving employee morale, better the organization brand image and benefit of wider society. CSR is usually integrated into a business model for an organization to be able to live in harmony with its operating environment.

Types of business structures in Nepal

If you're thinking of starting a business, you’ll need to look at the advantages and disadvantages of each different business structure and work out which structure best suits your needs.

 The most common types of business structures in Nepal are:

      1.     Sole Proprietorship

      2.     Partnership

      3.     Company

      4.     Joint Ventures

Want to be financially independent at a young age? Here are 5 Tips

Living comfortably in old age is the dream of many people. Unfortunately, many people just dream without trying to make it happen or still don't know how to get there. Don't worry, it only takes five steps to become financially independent at a young age.

Industrial Property in Nepal | Patent, Design and Trademark

The Patent, Design and Trademark act has authorized the Department of Industry to protect the industrial property like patent, design and trademark. 

Patents shall include new invention; principles and formulae; design shall include physical shape and appearance whereas trademark shall include the word, sign, picture or all three or combination between them to differentiate the product from the others.

Prohibited Sectors for FDI in Nepal

Nepal almost welcomes foreign investment in all the sectors such as Manufacturing, Tourism, Hydropower, Banks, Insurance, Information Technology, Agri-processing, Mining etc. 

However, following are the prohibited sectors for FDI in Nepal:

Fixed Deposit Investing: Important Things to Know in Nepal

While Fixed Deposits (FDs) are one of the easiest investments, there are still many things that one should know before opening an FD account. Check out this post to identify 10 of the most important things you should know before investing in FD.

PAN Number mandatory for loan of 50 lakh or more

Banks and financial institutions are required to ask Permanent Account Number (PAN) before disbursing personal loan in accordance with NRB directives 2076. Earlier, an individual applying for personal loan of 1 crore or more are required to have PAN number.

Nepal Rastra Bank has made mandatory provision to obtain PAN number for those individuals seeking loans of 50 lakhs or more. For the purpose of calculating the amount of 50 lakhs, loan disbursed to same individual under various product category needs to be added.

Bonus Act and Bonus Rules with Amendments

      Fifth Amendment of Bonus Act, 2030 and Fourth Amendment of Bonus Rules, 2039 was made on 29th Shrawan 2074 and 25th Bhadra 2075 respectively. In order to make easy for the reader of this blog, to understand clearly about the bonus provision in Nepali, i have prepared the notes incorporating recent changes in bonus act and rules made there-under.

Know all about Refinance Loan Scheme 2077

Nepal Rastra has issued a notice dated Shrawan 6, 2077 regarding the refinance loan scheme with the procedure to be followed. The government has directed the Nepal Rastra Bank to maintain the refinance fund of 100 Arab through budget speech. The scheme will encourage the entrepreneurship and helps to revive various micro, cottage & small and other sectors hardly hit by the COVID-19 pandemic.

20 Small Business Ideas after Lockdown

As you start to think about different ideas for starting a small business, one of the first questions you should ask yourself is, can I find customers for the business which I am going to start. It does not matter how good or how passionate you are at something if you cannot find clients or get customers in the door your business, that business will probably not last long.