In Nepal, the Companies Act, 2063 has mentioned about Process of Company Conversion (private to public; public to private) in Nepal. The process of Company Conversion in Nepal form public to private company is public to private conversion
The process of conversion of a public company into a private company is as follows:
Process of conversion:
| Step 1 | Make necessary amendments in MOA and AOA and convert it into Private Company within 30 days |
| Step 2 | Make an application to OCR accompanied by copies of amended MOA and AOA along with the prescribed fee within 30 days of the amendment |
| Step 3 | By mentioning the content of conversion of such a company into a private company, OCR shall issue a conversion certificate within 60 days. |
The aforementioned is the Process of Company Conversion (private to public; public to private) in Nepal.
With the necessity and requirements of the situation, the private company can be converted into a public company by following the legal provisions of the process of company conversion in Nepal.
With the necessity and requirements of the situation, the public company can be converted into a private company by following the legal provisions of the process of company conversion in Nepal.
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