The primary differences lie in size, capital access, and compliance burden:

• Share Transfer: Private companies restrict the transfer of shares; public companies allow free transfer.
• Minimum Shareholders: Private companies require at least 1 shareholder (and a maximum of 50); Public companies require at least 7 shareholders.
• Capital: Public companies typically have larger capital requirements and can raise funds from the general public (via IPOs), which private companies cannot.
• Compliance: Public companies face much stricter reporting and governance requirements from the OCR 

The physical registration process at the Office of Company Registrar (OCR) takes 2 weeks.

Yes, foreigners and foreign companies can register a business in Nepal, primarily through Foreign Direct Investment (FDI). This process requires prior approval from the Department of Industry (DOI) before registering the company at the OCR.

Private companies must adhere to mandatory annual filings with the OCR. The most critical are:

1. Annual General Meeting (AGM) Minutes/Resolutions: 
2. Financial Audit : Must be submitted annually.
3. Annual Report 
4. Failing to file these documents by the stipulated deadlines results in penalties and fines

Private companies must adhere to mandatory annual filings with the OCR. The most critical are:

1. Annual General Meeting (AGM) Minutes/Resolutions: 
2. Financial Audit : Must be submitted annually.
3. Annual Report 
4. Failing to file these documents by the stipulated deadlines results in penalties and fines

• MOA (Memorandum of Association): Defines the company's scope, objectives, and external relationship. It is the charter of the company.
• AOA (Articles of Association): Governs the internal management and operations of the company, setting out rules for meetings, board powers, share transfers, and the rights of shareholders.

No. While a Private Limited Company can engage in activities that benefit the community, its primary legal purpose is profit-making, and it is governed by the Companies Act

No. While a Private Limited Company can engage in activities that benefit the community, its primary legal purpose is profit-making, and it is governed by the Companies Act

No. While a Private Limited Company can engage in activities that benefit the community, its primary legal purpose is profit-making, and it is governed by the Companies Act

These terms represent two distinct stages in the process of closing a company:

• Liquidation (or Winding Up): This is the process of closing the company realizing the company's assets, paying off its liabilities (creditors), and settling its affairs. 
• Dissolution: This is the final act that legally ends the company's existence. Once the liquidator certifies that all assets have been disposed of and all debts have been cleared