Conversion of Private to Public Company | Publlic to Private | Company Law Nepal

Описание: In this video, we cover the conversion of Private Company to Public Company, Public Company to Private Company, Pre-incorporation Contracts, and Service of Summons under Nepal Company Law in a clear, exam-focused manner for BBA, BBS, LLB, CA, and Loksewa law students.

✅ What you will learn:
🔹 Conversion of Private Company to Public Company (Nepal):

Minimum 7 shareholders, 1 crore paid-up capital, Net assets more than Paid up capital + Indivisible reserves

General Meeting, Consensus Agreement / Special Resolution

OCR filing with required documents within 30 days

OCR inquiry and issuing of conversion certificate within 60 days

Effect: All assets/liabilities devolve, public company laws apply automatically, application for commencement of business within 3 months.

🔹 Conversion of Public Company to Private Company (Nepal):

If shareholders less than 7 or paid-up capital less than 1 crore

Special Resolution, Alteration of MoA & AoA, OCR filing within 30 days

OCR inquiry and issuing of conversion certificate within 60 days

Effect: Private company laws apply automatically, max 101 shareholders rule exception.

🔹 Pre-incorporation Contracts (Nepal):

Contracts before incorporation are proposals and not binding unless adopted post-incorporation by company conduct.

Promoters are personally liable unless the company adopts the contract within a reasonable time.

If adopted, the contract binds the company, third party, and promoters are released from personal liability.

Consensus agreement in private companies governs pre-incorporation contracts.

🔹 Service of Summons, Notice, etc. (Nepal):

If not deliverable at the registered office or electronically, notice can be given by twice publication via radio, TV, or newspaper of national circulation.

Considered legally served upon publication.

✨ Key Exam Points:

Section references, conditions, practical compliance steps, timelines for conversion, and effects explained.

Differences between Private and Public Company conversions for easy memory.

Pre-incorporation contract liability clarity for practical and theoretical exam questions.

Loksewa, CA, BBA, BBS, LLB, BALLB Law Officer preparation made clear.

🪄 Keywords for ranking and memory hooks:
Conversion of Private Company Nepal, Public to Private Company Nepal, Company Law Nepal, Pre-incorporation contracts Nepal, Service of Summons Nepal, BBA law, BBS law, CA Nepal, Loksewa law, OCR Nepal, Companies Act Nepal, Corporate Law Nepal, Business Law Nepal, Company registration Nepal, company conversion Nepal, company incorporation Nepal.

📚 This video is helpful for:

LLB, BALLB, BBA, BBS, CA Nepal, Loksewa Law Officer, and corporate law practical understanding.

Students preparing for Company Law Nepal, Commercial Law Nepal, and Business Law Nepal.

Anyone learning about Nepal Companies Act 2063 provisions practically and systematically.

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💬 Comment your questions for tailored guidance on Company Law Nepal, MoA & AoA, Conversion, or Loksewa law topics.

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