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Corporate LawVERIFIED NEPAL LEGAL TERM
Sharedhani (शेयरधनी)
English Equivalent:Shareholder
Definition Summary
"An individual or company that owns shares in a company."
Detailed Explanation
Sharedhani is a shareholder who owns equity or shares in a private or public limited company and has voting rights in general meetings.
Legal Basis in Nepal Law
Companies Act 2063, Section 2.
Practical Example
The two partners registered as the primary sharedhani of the new private limited 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.