In Nepal, company registration is regulated by the Companies Act of 2006 (2063). The Office of the Company Registrar (OCR) is the designated authority responsible for overseeing the registration process. This article outlines the procedure for registering a company online in Nepal.
Types of Company as per Company Act 2063 :
a. Private Limited Company: Under the Companies Act, 2063, a private limited company is defined as a company that has no more than 101 shareholders and includes the words “Private Limited” at the end of its name. Paid-up capital for a private company shall be minimum of Nrs. 100,000.
b. Public Limited Company: Under the Companies Act, 2063, a public company is one that requires a minimum of 7 promoters for incorporation, with no upper limit on the number of shareholders. A public company must include the word “Limited” at the end of its name. The minimum paid-up capital for a public company is Nrs. 100,000,000.
c. Profit Not Distribution Company: A non-profit distributing company is a company that is not entitled to distribute or pay dividends, or any money to its members from the profits or savings earned, as these are used solely for achieving the company’s objectives. For the incorporation of such a company, a minimum of 5 promoters is required.