Initial Information (शुरु अवस्थाको जानकारीहरु)

Initial Information (शुरु अवस्थाको जानकारीहरु) is the mandatory statutory filing under the Companies Act, 2063, requiring newly incorporated entities to notify the Office of the Company Registrar regarding their registered office, first auditor, and board composition within specified legal deadlines.

₨ 1,000.00

Categories Business Compliance, OCR Services

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Introduction: Initial Information (शुरु अवस्थाको जानकारीहरु)

Under the Companies Act, 2063, the journey of a company does not end at incorporation; it begins with the formal notification of its operational structure. This procedural requirement involves the submission of the company’s registered office address (Section 184), the appointment of the first auditor by the Board (Section 111), and the formal declaration of the Board of Directors (Section 92).

At Present Consultants Private Limited, we facilitate the systematic reporting of these details. The process requires a formal Board Meeting to pass resolutions on these key appointments and the subsequent filing of the Initial Information through the OCR’s digital portal. Ensuring these “shuru awastha” details are accurately recorded is a critical step in achieving full OCR Compliance Nepal.

Legal Requirements Under the Companies Act, 2063

Compliance with the following sections is a mandatory prerequisite for every newly registered entity:

Section 184: Every company must notify the Registrar of the location of its registered office within 3 months of incorporation.
Section 111: The Board of Directors must appoint the first auditor of the company within 15 days of incorporation.
Section 92 & 46: The company must submit the list of directors and their particulars, ensuring the share allotment (Sharelagat) is filed within the stipulated 35 days of allotment.
Section 31: All details regarding the commencement of business and the initial statutory information must be formally updated in the Registrar’s records to maintain the “Active” status of the company.

Consequences for Failure to Comply

Neglecting these initial filings triggers severe administrative and financial penalties:

Fines & Penalties: Under Section 81, failure to submit notices within the prescribed time results in a compounding fine based on the company’s capital.
Legal Standing: Delaying the notification of the registered office (Section 184) can lead to the Registrar refusing to accept any other statutory documents, effectively freezing the company’s legal updates.

Default Status: Repeated failure to file initial information can result in the company being marked as “Defaulter,” leading to the eventual striking off the company name from the register under Section 136.

Process: Initial Information (शुरु अवस्थाको जानकारीहरु)]

Board Meeting

The promoters/directors convene the first formal Board Meeting post-incorporation. This meeting is the legal foundation where the company officially begins its governance functions.

Board Minute Finalizing Address, Auditor, and Director

We assist in drafting the Board Minutes that formally resolve the exact location of the registered office, the appointment of the first Statutory Auditor (pursuant to Section 111), and the confirmation of the Board of Directors and their respective roles.

Documentation and Digital File Upload

Our team prepares the necessary forms and uploads the digital copies of the Board Minutes, Auditor’s Consent Letter, and address proofs (rent agreement/electricity bill) to the Office of Company Registrar (OCR) portal. Relevant Website: OCR MeroSansar Portal

Acknowledgement from the Office of Company Registrar (OCR)

We follow up with the Registrar’s office to ensure the digital filings are verified. Once approved, the OCR provides an official acknowledgement, confirming that your OCR Compliance Nepal for the initial phase is complete.

Ready to file your Initial Information (शुरु अवस्थाको जानकारीहरु)]

Avoid Compounding Fines with Timely Initial Filings. The first 15 to 90 days after incorporation are critical for your company’s legal standing. Contact Present Consultants Private Limited today to ensure your Initial Information is filed accurately and professionally, securing your business’s future in business consultancy Kathmandu.