Things to be considered while presenting the documents for Company Registration
While presenting the above-mentioned documents to the office of the company registrar for the registration of the company, the following things should be considered:
- In case of a private company, there can be at least one and at most 50 founders. In case of a public company, there should be at least seven founder shareholders. But if a public company is establishing another public company, there is no need of seven founders.
- The Memorandum of Association (MOA) and Article of Association (AOA) should be prepared in clear and correct Nepali language.
- All the founder shareholders should sign at the bottom of each page of the ‘MOA’ and ‘AOA’. In the last page of the ‘MOA’ and the ‘AOA’, the full name, address, number of shares agreed upon for buying and the signature of the founder shareholders as well as the full name, address and signature of one witness each for a shareholder should be included. In the end page of the ‘MOA’ and the ‘AOA’, the name, registration number and signature of the legal-professional or chartered accountant preparing the ‘MOA’ and the ‘AOA’ should be included along with the date of preparation.