Controls of shareholders


  • General meeting; Chapter 5, Sections 67 to 85 of Nepalese Company Act i.e. Appointment of directors by general meeting – section 87 section 92 of Nepalese Company Act; disclosure by directors.
  • Section 138 to 141 (chapter 12) of Nepalese Company Act – protection of shareholders
  • Responsibilities and duties of directors, Section 99 of Nepalese Company Act
  • Section 102 of Nepalese Company Act -prohibition on giving false statement by officers in general meeting.
  • Section 105 of Nepalese Company Act – restrictions on authority.
  • Maintaining of accounts (chapter 7) Section 108/109 of Nepalese Company Act
  • Audit committee –Section 164 of Nepalese Company Act.
  • Appointment of Auditor; Section 110/111 of Nepalese Company Act
  • Protection of shareholders rights ; Section138,139,140,141 of Nepalese Company Act
  • Control by regulatory. Section 120, 121,122,123,124,125 etc. of Nepalese Company Act
  • Section 78, 79 & 80 of Nepalese Company Act, Return of Reports to CRO
  • NRB for Banking Companies
  • Insurance Board –Insurance Companies

Control by Company Board

  • Chapter 20 Interim provision; Section 169 of Nepalese Company Act, but now it has been sifted in court jurisdiction.

 Controls by Court

  • Chapter 17, proceeding of Lawsuits and punishment; Sections 159,160,161,162,163 etc. of Nepalese Company Act