Highlights On Industrial Enterprises Act, 2020 (2076)
March 16, 2020
Industrial Enterprises Act, 2020 (2076 BS) (the "Act") has been introduced repealing the Industrial Enterprises Act, 2016 (2073 BS) (the "Previous Act"). The Act has been authenticated by the President on February 11, 2020 (2076/10/28). The Act is in effect since the date of authentication.
The Act is a principal legislation for registration, establishment and pre/post operational compliances of industry. No person (either natural or legal) is permitted to operate its business without establishing industry under this Act. Company registered under the Companies Act at the Office of Company Registrar (the “OCR”) is not allowed to operate business transaction without registering its industry under the Act.
Click here to read some of the key provisions of the Act.
Anup Raj Upreti
Sachin Kumar Lohani