Incorporation of Company in Nepal

icon-user Author: Legal Advisors Nepal : Aryan

icon-calendar Date: March 10, 2013

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As per the Chapter 2, The Companies Act 2006, one can register company in Nepal under following criterias.

(1) Any person desirous of undertaking any enterprise with profit motive may, either singly or jointly with others, incorporate a company for the attainment of one or more objecttves set forth in the memorandum of association.
(2) There shall be a minimum of seven promoters for the incorporation of a public company. Provided, however, that seven promoters shall not be required for the incorporation of another public company by any public company.
(3) Notwithstanding anything contained elsewhere in this Section, a company not distributing profits may, subject to the provisions contained in Chapter-19, be incorporated for the attainment of one or more objectives.

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