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.  

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.