Company Registrar Office has made the registration of new
companies through online system mandatory from today.
Under the doing business environment reform programme of IFC,
the the office will no longer entertain files under manual system for
registration of the companies.
"However, some of the papers will still have to be submitted
in hard copies due to absence of digital signature law," deputy registrar
at the office Toyanath Adhikari said. "A company representative needs to
make a one-time visit to the office to pay registration fees and register official
signatures."
The office that had started online registration system in February
took a step further by fully automating the registration system said that Nepal
is most probably among the last countries in South Asia to make the online
company registration mandatory.
The online registration will increase efficiency of the office as
it would not have to depend on human to handle the paper works as the new system
will eliminate hassles and curb corruption too.
"The old companies also need to follow the office online,"
he said, adding that the older companies have to open an account and obtain
username and password to submit their annual reports and other documents to
online.
The new system has comew into practice in the Kathmandu Valley for
the time being and will be expanded soon to Rupandehi and Kavre to facilitate
businessmen and entrepreneurs – old or new – in using internet-based
registration service.
The office has signed Memorandum
of Understandings (MoU) with Federation of Nepalese Chambers of Commerce and
Industries (FNCCI), Computer Association of Nepal (CAN) and Nepal Bar
Association (NBA) to facilitate the online registration process.
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