Non Profit Company Registration

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Non Profit Company Registration

Non-profit company (NPC) or non-governmental organization (NGO), is an entity that operates for the betterment of society, a particular cause, or a specific group of people. It's different from a for-profit company in that its primary goal is not to generate profits for its owners or shareholders, but rather to fulfill a social or charitable mission.

Terms and conditions

Non Profit Company Registration

Non-profit company registration involves the legal process of establishing and formalizing a non-profit organization's existence as a legal entity. In Nepal, the specific steps and requirements for non-profit company registration could include the following:

  1. Choosing a Name: Select a unique and appropriate name for your non-profit company. The name should reflect the nature and purpose of your organization.

  2. Drafting the Memorandum of Association (MOA) and Articles of Association (AOA): These documents outline the objectives, structure, and functioning of the organization. The MOA defines the main objectives and activities of the organization, while the AOA lays out the rules and regulations governing its internal operations.

  3. Board Formation: Select individuals to serve on the organization's board of directors or trustees. These individuals will be responsible for overseeing the organization's activities and ensuring it operates in line with its mission.

  4. Registration Process: Submit the necessary documents, including the MOA, AOA, and other required forms, to the appropriate government authority for registration. In Nepal, this authority is likely the Company Registrar's Office under the Ministry of Industry, Commerce, and Supplies.

  5. Tax Exemption and Compliance: Non-profit organizations often seek tax-exempt status to encourage donations and support. Depending on Nepal's laws and regulations, you might need to apply for tax-exempt status with the relevant tax authority.

  6. Reporting and Compliance: After registration, your non-profit company will likely have to meet specific reporting requirements and adhere to certain regulations to maintain its legal status. These requirements might include regular financial reporting and documentation of your organization's activities.

Non Profit Company Registration FAQ'S

01.What if we need to change the objectives of the company?

To change the objectives of the company, the company has to obtain prior approval from the Office of Company Registrar.

02.Can the company not distributing profit be merged with company distributing profit?

No, they cannot be merged.

03.Where we can file the application for the registration of this type of company?

We can file the application in the Office of Company Registrar.

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