Company and corporate law
Company and corporate law in Nepal govern the establishment, management, and operation of companies and corporations within the country. The primary legislation governing this area is the Companies Act, which outlines the legal requirements for company formation, registration, and corporate governance. Under this law, businesses can be registered as private or public limited companies, and partnerships are also recognized. The Act sets out rules regarding the rights and duties of shareholders, directors, and officers, as well as financial reporting and disclosure requirements. It aims to protect the interests of shareholders, employees, and other stakeholders, while promoting transparency, accountability, and fair competition. Company law in Nepal encourages investment and business growth by providing a clear legal framework and fostering investor confidence. Through its provisions, it seeks to create a conducive environment for corporate entities to thrive and contribute to the economic development of the nation.