Back to Glossary Directory
Corporate LawVERIFIED NEPAL LEGAL TERM
Prabandhapatra (प्रबन्धपत्र)
English Equivalent:Memorandum of Association
Definition Summary
"The charter document of a company that defines its capital and activities."
Detailed Explanation
Prabandhapatra is the Memorandum of Association (MOA) of a company, specifying its name, registered office, business objectives, and share capital structure.
Legal Basis in Nepal Law
Companies Act 2063, Section 17.
Practical Example
The registrar verified the objectives section in the prabandhapatra before registering the company.
Company Registration and Business Regulations in Nepal
Corporate registration and compliance are managed by the Office of the Company Registrar (OCR) under the Companies Act 2063. Foreign investments are regulated under the FITTA 2075.
Key Statutory Rules:
- Company Types: Businesses can register as Private Limited, Public Limited, or Single Shareholder companies.
- Name Approval: The proposed business name must be approved online by the OCR before drafting the registration documents.
- Compliance Filings: Registered companies must file their annual audit reports, hold annual general meetings (AGM), and update share registers.
- Local Licenses: Companies must register at the local ward office and obtain a tax registration (PAN or VAT) from the Inland Revenue Office.
Required Documentation:
- Memorandum of Association (MOA) and Articles of Association (AOA) drafted in Nepali.
- Citizenship certificates of the Nepalese promoters or passport copies for foreigners.
- Declaration of shareholders agreement.
- Ward recommendation or rent agreement for the company office address.