Company
Other Services
- Company
- Propietorship Firm
- Intellectual Property
- Labour Permission
- Foreign Direct
- Criminal Law Related
- Labour Law Related
- Commercial Law
- Civil Law Related
Overview
In simple and understanding terms, company is a legal person or corporate body. To get a rights and bear a duty as a legal person it have to registered under the company act in authorized body of the government . It is a kind of business structure that is a separate legal entity from its owners and have a limited liability of the shareholder. According to Nepalese companies Act 2006 the companies are divided in to private limited, public limited and profit not distributing company. According governing law running business without registration is a crime. Therefore company will be a best business structure to register a business.
If a company is involved in a lawsuit or other legal dispute, a law firm can represent the company in court and handle all aspects of the case. Providing risk management and compliance advice: We can help companies identify and manage legal risks, and ensure that the company is in compliance with relevant laws and regulations.
Company Registration
Before starting a business company will be the suitable option for business structure. To run a company at first it should be register in concern government body (i.e. Company Registrar Office).
Steps for Registration of a company
- 1. Reservation of company name at the OCR ( The Office of Company Registar)
- 2. Submission of physical copy of documents at OCR
- 3. Examination of submitted documents by OCR
- 4. Issuance of company registration certificate and verify document by OCR
- 5. Company have to register in Inland Revenue office for VAT/PAN which one is required.
- 6. Business should be register in local body too for business tax and house rent tax.
- 7. It should be register in Monitoring office too.
Company Update
Within one year of company registration company A.G.M (Annual General meeting) should be completed and the AGM document should be submitted to OCR within the 15 days of AGM completed. Thereafter in every year AGM should be completed within the 6 month of fiscal year ended. After submitting the AGM document at a prescribe time in OCR company prevent from fine there after company update work can be done.
Share Transfer
Within one year of company registration company A.G.M (Annual General meeting) should be completed and the AGM document should be submitted to OCR within the 15 days of AGM completed. Thereafter in every year AGM should be completed within the 6 month of fiscal year ended. After submitting the AGM document at a prescribe time in OCR company prevent from fine there after company update work can be done.
Liquation
It is a process of company dissolution. When company is able to bear all its liability than company can forward its liquidation process by passing a special resolution from general meeting.
Company Close
It is another process of Company dissolution. When the promoter are un able to established the company registered office and cannot start its business from early time then company can be close by following procedure of it.
Address Change
When registered company is unable to run its business from register office then by passing special resolution from general meeting company can change its address. Due to the change of address MOA and AOA of company also get amend.
Objective change and add
General meeting can change the objectives of the company after notifying to all the directors of the company. The meeting can alter MOA of the company and fix the date, time, place and agenda of a general meeting to pass a resolution. The meeting can also add any additional objective if a need is felt.
Company Merger
A company merger took place when two companies come together to form a new company with one combined stock. The process of merger helps to expand the market share, reduce risk and competition and increase profits.
Company acquisition
It’s a business transaction that occurs when one company purchases and gains control over another company. Acquisition offers certain benefits like it reduced entry barriers, market power, access to capital, new competencies and resources and so on.