Companies must file their Annual Returns and Audited Financial Statements within six months of the fiscal year-end (typically by mid-January). Failure to meet this deadline triggers daily compounding fines at the Office of the Company Registrar (OCR).

Failure to hold an AGM is a significant governance breach. It can lead to penalties for directors, a block on updating company records (like changing directors or increasing capital), and may result in the company being flagged as "Inactive" by the OCR.

 NGOs must renew their registration annually at the District Administration Office (DAO). Additionally, they must renew their affiliation with the Social Welfare Council (SWC) every three years if they receive foreign funding or implement large-scale projects.

 Generally, INGOs are required to implement their activities through local NGO partners. Direct implementation is only allowed in exceptional circumstances with specific SWC approval.

 A Project Agreement is a tripartite contract between the INGO, the SWC, and the local partner. It outlines the budget, activities, and targets. Operating without an approved Project Agreement is illegal and can lead to the deportation of expatriate staff or cancellation of the INGO’s permit.

 No. While they may get "Tax Exempt Status" for donor income, they are still liable for Withholding Tax (TDS) on salaries and rent, and they must file annual income tax returns to obtain a Tax Clearance Certificate.

Penalties depend on the company's authorized capital. For a standard private company, fines typically start around NPR 5,000 and can escalate to NPR 50,000 or more if the delay exceeds one year.