News

Jun
23

Notice regarding waiver of fines on renewal of Private firm and Company pursuant to Section 24 of Fiscal Act, 2079

  • Legal

The Office of Company Register (“OCR”) has published the notice on waiver of fines on renewal of private firm and update of company in...

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Jun
20

The Finance Act 2022 provides exemption on renewal fees

  • Legal

“The Finance Act 2022 provides exemption on renewal fees of the private firm registered as per private Firm Registration Act 2014 and of a...

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Jun
20

Notice Published by Department of Industries on Industry Operation Extension

  • Legal

The notice has been published by the Department of Industry (“DOI”), Ministry of Industries, Commerce and Supplies (“MOICS”) dated 2079/2/31 (14th of June, 2022)...

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Feb
23

Industrial Enterprises Act 2016

  • Legal

New Legislation on Industrial Enterprises – Brief Highlights January 31, 2017 Industrial Enterprises Act 2016 (2073 BS) (the “Act“) has been introduced with effect...

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Feb
23

Legal Regime Governing INGOs

  • Legal

Social Welfare Council (the “Council”) is the main regulatory body responsible for regulating INGOs in Nepal. The Council was established under the Social Welfare...

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Feb
23

Foreign Loan Regulations by Central Bank of Nepal

  • Legal

Section 12 of the Foreign Exchange (Regulation) Act 1962 (2019) (the “FERA 1962“) empowers Nepal Rastra Bank (the “Central Bank“) to issue the directives,...

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Feb
23

Minimum Wage / Salary, 2016 (2072)

  • Legal

The Government of Nepal has recently amended the minimum wage under Labor Act, 1992 (2048) (“Labor Act“) by publishing a notices in Nepal Gazette...

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Feb
23

Central Bank Issues Revised Norms for Reparation of Payments for Services

  • Legal

Section 9C of the Foreign Exchange (Regulation) Act, 1962 (the “FERA”) specifically requires a person / entity residing in Nepal to comply with the...

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