How to cancel the registration of a company in Nepal?

1 Reply

Economy

Have you ever needed to understand the procedure for company registration cancellation – if you did register the company but could not or did not commence business?

Samriddhi has been steadily working on examining prevailing exit strategies for companies and businesses in Nepal in the past few months and will soon be releasing a paper on the same. There are mainly three exit options available for entrepreneurs wishing to close their business – the cancellation of registration (for businesses that did not commence business once registered, – voluntary liquidation (for closing ‘active’ businesses) and – forced liquidation (where regulatory bodies file for closing of a certain company because of unassailable losses).

You can find the process flowchart for company registration cancellation below!

 

Registration Cancellation of a Company

Detailed descriptions of time and cost taken to administer the shown process can be found in our upcoming company exit paper.

The next in line for the exit strategy blog-post series will be on the process of voluntary liquidation (i.e. how to close a business in Nepal once you have engaged in some form of business commencement?)

Stay tuned!

Labisha Uprety

About Labisha Uprety

Labisha Uprety is a Research and Communications Officer at Samriddhi. She enjoys debating and likes her tea black with a little sugar.

1 comment

  1. Kamalesh Bikram Shah

    Thank you Labisha Uprety. I found this article very useful. I expect the same kind of research from you which are very beneficial for people having no ideas about the company activities. Thanks once again.

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