The PROCEDURE FOR REGISTRATION OF A COMPANY is as follows.
Governing law and authority: The main law that governs the procedure of registration of company is the Companies Act 2063. The only authority governing the registration of company in Nepal is the Office of the Company Registrar (OCR) setup by the Government of Nepal for the administration of companies.
The procedure for registration of company in Nepal is :
STEP 1: RESERVATION OF COMPANY NAME AT THE OCR
ARTICLE 4(1): Any person desirous to incorporate a company shall make an application to the OCR through electronic medium for approval of proposed name of the company.
STEP 2: SUBMISSION OF DOCUMENTS AT OCR
ARTICLE 4(2): If the name of the company is approved by OCR, then the applicant shall upload following documents through electronic medium attached with an application, in prescribed format:
STEP 3: EXAMINATION OF SUBMITTED DOCUMENTS BY OCR
While verifying the documents related to application and certificate, the digital signatures shall also be acceptable and the documents can be submitted through electronic medium. The OCR, after making necessary inquiries and obtaining prescribed fees, shall register such company.
STEP 4: ISSUANCE OF COMPANY REGISTRATION CERTIFICATE BY OCR
The OCR shall grant the company registration certificate to the applicant.