Background A tax is a compulsory payment to be paid by the citizens who are liable to pay it. There is no favor or advantage in return between the taxpayers and the public authority. A tax is levied to meet public expenditure incurred by the government in the general interest of the nation. Tax is...
Basics of existing Copyright Act, 2002 Subject Matter Copyrightable– (Section 3) The original work shall not merely be an idea. The work has to come to life and be concrete to be protected, in the form of copy or records and should be perceivable, whether in a tangible form like books, paintings, codes, and blueprints or...
This article was published on November 15, 2019 in INTA Bulletin.
Notice from Company Register Office August 13, 2020 It is to notify that in order to manage the increasing crowd of clients in the risk of COVID-19, the following arrangements have been implemented: Companies should submit their annual statements and other necessary documents to the office via online and for that online service will be...
Ministry of Industry, Commerce, and Supply Notice of the Office of Company Registrar Date: August 10, 2020 This notice is published to inform everyone concerned about this matter. From August 17, 2020, OCR will be operating as per the following arrangements with an objective to make the services of OCR fast and convenient. For the...
Supreme Court Notice on Lockdown (August 6, 2020) On the matters regarding the work and services and the management of the flow of services on the courts, during the spreading of the infectious coronavirus (COVID-19). The Supreme Court held the full meeting on 20th March 2020 and as per the decision of the meeting and...
Features of Companies Act of Nepal 2006 1. A company is an artificial incorporated person with limited liabilities, all the legal and contractual capacities with a distinctive common seal. 2. The ownership is divided into a share and share capital-driven with formalities compulsive of Memorandum Of Association and Article Of Association with shares transferable and...
Features of Foreign Investment and Technology Transfer Act of Nepal, 2019 Background The aim of the Foreign Investment and Technology Transfer Act, 2019, herein referred to as FITTA is to reform the existing legal framework of foreign investment in Nepal to facilitate new investments. It has replaced the Foreign Investment and Technology Transfer Act, 1992....
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