The Future of Cannabis in Nepal: Investment Prospects and Legal Pathways
Nepal, with its rich cultural history, stunning natural landscapes, and vibrant spiritual heritage, has long been known for its unique relationship with cannabis. The plant has been used in religious practices, particularly within the Hindu and Buddhist traditions, for centuries. However, the legal status of cannabis in Nepal is a multifaceted issue, influenced by both historical usage and modern-day regulations. This article explores the complex landscape of cannabis laws in Nepal......
Conversion of Private Company into Public Company
This article provides a comprehensive analysis of the criteria and procedures involved in the conversion of an entity from a private limited company to a public limited company, as stipulated by the Company Act, 2063 (2006) of Nepal. It also delves into the post-conversion requirements, offering a thorough overview of this significant transformation.
Internal Control and Monitoring Directive, 2080
The Office of the Company Registrar issued the “Internal Control and Monitoring Directive, 2080 (2023)” on 16 Kartik 2080. This insight delves into how the directive aims to improve the quality of services, ensure company compliance with relevant laws, ultimately bolstering the credibility of company administration in Nepal.
Passing Off of Trademarks
Trademark and passing off are globally crucial for brand protection. In Nepal, the Patent, Design, and Trademark Act governs trademark registration, emphasizing exclusive usage rights. Nepal law and courts to an extent recognizes passing off for unregistered trademarks, fairly showcasing a commitment to safeguarding businesses.
Social Media Guidelines and Directives, 2080
In an era dominated by digital interactions, the Government of Nepal has taken a decisive step towards regulating and fostering self-regulation within the realm of social media. This article explores the details of the new Directive shaping social media regulations.
Telecom Regulation in Nepal
A brief on the Asset Management of Telecommunications Service Providers with Non-Existent Licence, 2079 (2022) laying out the procedures to expropriate the tangible and intangible assets held by telecommunication service providers with non-existent licence.
Arbitration Laws in Nepal: Limitation
This brief explores the Nepalese Arbitration Act of 2055 (1999), shedding light on temporal boundaries in contractual matters and arbitration. It also delves into statutory time limits, offering insights through landmark cases within Nepal's legal landscape of dispute resolution.
FAQs on Outsourcing Jobs in Nepal
Discover the main points of the 2017 Labour Act (2074) to understand the legal rules for obtaining services from employees through licensed agencies. Learn about the specific services provided by labor suppliers.
Securities Registration and Issuance (Seventh Amendment) Regulation, 2080
This publication emphasizes on the amendments made by the Securities Board of Nepal ("SEBON") through the Seventh Amendment of 2080 (2023) to the Securities Registration and Issue Regulations, 2073 (2016).
Labour Law in Nepal: Redundancy and Retrenchment
This guide explains employee layoffs and job cuts under Nepal's labor laws. It outlines the dos and don'ts during retrenchment, industry practices, and considerations for retrenching unionized employees.
Working Capital Loan Guidelines, 2079
The Nepal Rastra Bank has issued an official notice, dated 11 Bhadra 2080 (2023), which underscores the paramount importance of working capital loans by introducing some significant modifications in the "Working Capital Guidelines, 2079 (First Amendment) (2022).
Labour Rules: Employee Welfare Fund
This brief delves into the regulatory provisions and discretionary powers vested in the Labour Relation Committee for governing the usage of the Employee Welfare Fund, shedding light on the mechanisms guiding employee welfare.
Foreign Company Registration in Nepal
This brief offers insights into the Company Act, 2063 (2006), elucidating the prerequisites and procedures for the registration, compliance, cancellation, and winding up of foreign companies in Nepal, providing a roadmap for their operations.
Tax Residency in Nepal
Evaluating the need for permanent establishment registration for foreign entities and to better understand the registration, criteria for transactions, exceptions to these criteria, significance of registration and complexities of tax implications for foreign entities in conducting business in Nepal.
Digital Service Tax in Nepal
This overview focuses on a framework for imposing direct taxes on the transaction value of digital services provided by non-resident individuals to Nepalese consumers. It highlights the taxation aspects of digital commerce in Nepal, introduced under Section 20 of the Finance Act, 2079 (2022). The economic landscape is rapidly evolving, and this measure aims to address the challenges.
Company Directive: Second Amendment, 2072
This brief highlights the reforms brought by the Second Amendment of 2079 (2022) to the Company Directive, 2072 (2015) which was formulated by the Office of the Company Registrar in order to implement the Company Act efficiently and conduct company administration-related work effectively and systematically.
Start-up Business Fund Procedure in Nepal
Highlighting the Startup Enterprise Fund Procedure, 2079 (2023), approved on 10 Falgun 2079 (22 February 2023), which streamlines the process of granting concessional loans to startups, prioritizing simplicity, transparency, and effectiveness in its operations.
Social Security in Nepal
Social Security in Nepal is a government-run program that provides financial assistance to citizens in the form of pensions, disability benefits, and survivor benefits. The program is funded through contributions from workers, employers, and the government. It is administered by the Ministry of Labour, Employment, and Social Security.
Registration of Transaction Documents in Nepal
The National (Muluki) Civil Procedure Code, 2074 (referred to as the "Code"), introduced in 2017, has led to increased stringency by courts and regulators in enforcing compliance with Section 36 of the Code.
Court Case Codes
Nepal’s robust judicial system manages diverse case categories, each meticulously designated with specific reference codes. These codes seamlessly integrate into the daily court cause lists, enhancing the efficiency of legal proceedings and facilitating organized and streamlined administration within the country’s courts.
Nepal Citizenship (Third Amendment) Regulations, 2063
The pathway for Non-Resident Nepalese (“NRN”) to acquire Non-Resident Nepalese Citizenship in accordance with the Third Amendment of 2080 (2023) to the Nepal Citizenship Regulations, 2063 (2006), passed on 4 Ashwin 2080 (21 September 2023).
Office of Company Registrar Notice: Share Lagat (Logbook)
Office of the Company Registrar published a notice on 10 Bhadra 2080 (27 August 2023) to improvise the work process and devise new work procedure for share allocation, certificate of share register/logbook, transfer of shares through gift deed
Department of Labour and Occupational Health & Safety’s Notice
The official notice released by the Department of Labour and Occupational Safety to intimate the Department through electronic communication platforms regarding certain instances of non-compliance.
Minimum Wage in Nepal, 2080
The Ministry of Labour, Employment and Social Security has determined the following minimum remuneration for employees and labours, excluding those employed in tea estates, effective from 1st Shrawan, 2080 BS (17 July 2023), as outlined below
Social Security Fund
For the fiscal year 2080/81 (2023/24), the Board of Directors of the Social Security Fund unveils the following new interest rates, a key component in the financial landscape, aimed at safeguarding the welfare of members of the society.
Celebrating 10 Years of Professional Excellence
Commencing a decade of unwavering professional excellence, Reliance Corporate Advisors (RCA) is committed to streamlining your business operations and addressing all your corporate and legal requirements with the utmost dedication and expertise.
Arbitration and Dispute Settlement Training
Adv. Prakrit Shrestha conducted a training on contract administration, management and drafting in relation to dispute settlement and arbitration at Union House, Anamanagar on 6 October 2023, organized by the Patan High Court Bar Association. The event saw an interactive participation of prominent lawyers and legal practitioners.
Social Security Fund Benefits: Latest Updates and Claim Procedure
A comprehensive discussion event was organized at the RCA Conference Hall to address the topic of "Social Security Fund (SSF) - Understanding the Benefits and Claim Procedure." This event was spearheaded by the team members of RCA, CA Bishal Panthi, Adv. Dechen Gurung, and Adv. Nikhil Dongol.
Training on Alternative Dispute Resolution and Arbitration
On 10 August 2023, Adv. Prakrit Shrestha conducted a training session on Alternative Dispute Resolution (ADR) and Arbitration at the Nepal Council of Arbitration (NEPCA). The session highlighted the advantages of arbitration as a dispute resolution method, covered arbitration procedures, and included interactive discussions and case studies.
Corporate Social Responsibility Event by RCA
RCA organized a CSR event at Hope Rising Children Home, Mahalaxmi, Lalitpur on 5 August 2023. The day included a wholesome breakfast, engaging games, gift distribution, and a satisfying lunch with the children. RCA's commitment to CSR is driven by the sincere intention to foster a positive and meaningful impact on society.
Representation at Rotterdam Convention, Geneva, Switzerland, May 2023
Adv. Prakrit Shrestha, participated in the 16th meeting of the Conference of the Parties to the Basel Convention, the 11th meeting of the Conference of the Parties to the Rotterdam Convention, and the 11th meeting of the Conference of the Parties to the Stockholm Convention held from 1-12 May 2023, in Geneva, Switzerland.
Dashain and Tihar Celebration
A splendid celebration of Dashain and Tihar was organized by Reliance at Vivanta (by Taj), Jhamsikhel, Lalitpur that brought together a distinguished gathering of Senior Advocates, Advocates, Senior Chartered Accountants, Industrialists and Legal Professionals. A delightful evening of camaraderie in spirit of these important Nepalese festivals.
Panel Discussion on Intellectual Property Rights and Brands in Nepal
The Panel Discussion on Intellectual Property Rights and Brands in Nepal, organized by Nepal Youth Chamber and Khabarhub, featured an esteemed panel of experts where the discussion delved into the vital role of intellectual property in brand development in Nepal.