Process of Company Conversion (private to public; public to private) in Nepal: Company incorporation Lawyers in Nepal

Process of Company Conversion (private to public; public to private) in Nepal

In Nepal, the Companies Act, 2063 has mentioned about Process of Company Conversion (private to public; public to private) in Nepal. The process of Company Conversion in Nepal are:

Conversion of Private Company into Public Company:

Process of conversion of Private Company into Public Company is mentioned below:

  • If the General Meeting of the Private Company adopts a special resolution to convert into a public company.

Process of Conversion:

Step 1make an application accompanied by a copy of the resolution and fees within 30 days of the resolution
Step 2OCR examines and evaluates the application and documents submitted
Step 3OCR Provides conversion certificate within 60 days

 

  • If 25% or more shares of the Private Company are subscribed by a public company
  • If a private company subscribes 25% or more of the shares of a public company

Process of conversion:

Step 1Make an application setting out all details accompanied by the fee to the OCR within seven days after the date of occurrence of the circumstances
Step 2OCR examines and evaluates the application and documents submitted
Step 3 

issuance of conversion certificate by OCR

 

Conversion of Public Company into Private Company:

The process of conversion of a public company into a private company is as follows:

  • If the number of shareholders becomes less than seven
  • If the public company fails to maintain its minimum paid-up capital

Process of conversion:

Step 1Make necessary amendments in MOA and AOA and convert it into Private Company within 30 days
Step 2Make an application to OCR accompanied by copies of amended MOA and AOA along with the prescribed fee within 30 days of the amendment
Step 3By mentioning the content of conversion of such a company into a private company, OCR shall issue a conversion certificate within 60 days.

The aforementioned is the Process of Company Conversion (private to public; public to private) in Nepal.

Disclaimer: All contains available here are for general information purposes. A proper legal solution always depends on your particular circumstances thus seek advice from an attorney who can provide assurances of the information contained herein and interpretation of it.  All liability with respect to actions taken on the basis of the site’s information is hereby expressly disclaimed. 

 

For quick legal assistance:

You can directly call to our legal expert: +9779841933745

Even can call or drop a text through What’s app , Viber, Telegram and We Chat at the same number.

Email: [email protected]

Contact Us

DROP YOUR QUERIES ON CONTACT FORM TO HIRE BEST LAW FIRM IN NEPAL

Feel free to drop your queries in the Contact Form. Your queries will be delivered in our email box and we will get back to you through our email. We would also like to request you to drop your whatsapp or viber number in phone section so that we can directly call to address your queries if required.

We are recognized as best law firm in Nepal with team of specialized Lawyers who always focus on our client’s expectation, needs, practical commitments in solving their legal problems. Best Law firm in Nepal with team of best lawyers does toughest defense with proven results with leading voice for defenseless.

Location: Park Lane, Buddhanagar-10, Kathmandu, Nepal.

Phone: +977-9841933745 / +977-9828942773

Email: [email protected]