The recent amendments to Section 18 of Nepal’s Companies Act, introduced by an ordinance from the Government of Nepal on 29 Poush 2081, bring significant changes to how company shares can be issued and acquired through means other than cash. These updates provide companies with flexibility in managing their share [....]
The Foreign Exchange (Regulation) Act, 2019 of Nepal has undergone significant amendments through an ordinance introduced by the Government of Nepal on 29 Poush 2081. It has addressed new provisions aimed at regulating “investment abroad” made by Nepali companies and individuals. The key changes are the definition of investment abroad, [....]
The Foreign Investment and Technology Transfer Act, 2075 (2019) (“FITTA”) has undergone significant amendments to modernize its provisions and align them with the evolving business and technological landscape. The amendments were introduced by the Government of Nepal through a publication in Nepal Gazette dated 16th Baisakh 2081. These changes aim [....]
Ride-sharing services in Nepal, primarily represented by platforms like Pathao and Tootle, have undergone significant legal and regulatory transformations over recent years. These changes driven by legal challenges, court rulings, and amendments to existing laws, highlight the complexities of integrating innovative digital services into traditional regulatory frameworks. The Initial Legal [....]
Starting a business in Nepal requires careful planning and compliance with the country’s legal and administrative framework. The first step is to determine the business type—whether it involves trading (commerce and distribution of goods and services) or industrial operations (manufacturing and production). Depending on the nature of the business, Nepal [....]
In Nepal, the process of employment termination is governed by the Labour Act 2074 BS (2017) and the Labour Rule 2075 BS (2018). These legal frameworks ensure fairness and transparency in the termination of employment. The key points of the termination process are outlined below: Hence, These provisions are designed [....]
The Government of Nepal has introduced the National Startup Policy 2080, a framework to foster entrepreneurial growth and promote investment in startups. Enacted by the Council of Ministers, the policy aims to create a supportive environment for startups through financial incentives, simplified regulations, and strategic support mechanisms. Key Objectives Institutional [....]
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