Insolvency Law: Basic walkthrough of the legal provisions of the Insolvency Act 2063

What is Insolvency? Insolvency refers to a situation of financial distress where a company is not able to meet its obligation pertaining to the debts owed and other liabilities. Section 2 (b) of Insolvency Act, 2063 of Nepal, the governing legislation on the matter, defines ‘insolvent’ as a state of being or appearing unable to […]

NGO and Profit Not Distributing Company: A Brief Comparison

NGO and Profit Not Distributing Company: A Brief Comparison A Non-Governmental organization (“NGO”) is a non-profit making entity established by a group of people for voluntary purposes in a certain sector. These organizations work for the betterment of society by contributing either in the field of environment, education, health, human rights protection, women empowerment, protection […]

Legal protection of investors in Nepal: A brief analysis

Introduction An investor is a person who makes an investment on an entity with an expectation of receiving a financial return. Shareholders are those who invest in securities market precisely, on the shares. While engaging in securities transactions by issuing, purchasing, selling or exchanging of securities and other similar acts, investors ought to be protected […]

Innovative Startup Capital Grant Scheme by Government of Nepal

INNOVATIVE STARTUP CAPITAL GRANT SCHEME BY GOVERNMENT OF NEPAL The National Planning Commission, Government of Nepal, issued a notice on 29 Baisakh, 2076 (11 May 2020) requesting proposals (“RFP”) from innovative startups in need of initial capital (seed capital) to start their business. The RFP was issued as per the Innovative Start-up Capital Grant Procedure, […]