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<p> </p>
<p>China Harbour Engineering Company (CHEC), a big investment company of China, has decided to invest Rs 15 billion in Nepal. CHEC, a subsidiary of China Communications Construction Company Limited (CCCC), will invest one of the largest amounts in Sanjelkhola Hydropower Project.</p>
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<p>Registrar Geeta Kumari Humagain said that the process of revoking the license of any company was a complex issue but now the government has made it possible to do so after the amendment of the Company Act.</p>
<p>Altogether 160,000 companies have been registered with the Company Registrar’s Office. Humagain informed that around 100,000 companies among the total registered companies are currently non-functional.</p>
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<p> </p>
<p>China Harbour Engineering Company (CHEC), a big investment company of China, has decided to invest Rs 15 billion in Nepal. CHEC, a subsidiary of China Communications Construction Company Limited (CCCC), will invest one of the largest amounts in Sanjelkhola Hydropower Project.</p>
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<p> </p>
<p>China Harbour Engineering Company (CHEC), a big investment company of China, has decided to invest Rs 15 billion in Nepal. CHEC, a subsidiary of China Communications Construction Company Limited (CCCC), will invest one of the largest amounts in Sanjelkhola Hydropower Project.</p>
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<p>Now, the Company Registrar’s Office has urged the closed factories to initiate the process to revoke their license. Until now, the non-functional companies were facing difficulties in cancelling their license due to unclear policies.</p>
<p>Registrar Geeta Kumari Humagain said that the process of revoking the license of any company was a complex issue but now the government has made it possible to do so after the amendment of the Company Act.</p>
<p>Altogether 160,000 companies have been registered with the Company Registrar’s Office. Humagain informed that around 100,000 companies among the total registered companies are currently non-functional.</p>
<p> </p>
<p> </p>
<p>China Harbour Engineering Company (CHEC), a big investment company of China, has decided to invest Rs 15 billion in Nepal. CHEC, a subsidiary of China Communications Construction Company Limited (CCCC), will invest one of the largest amounts in Sanjelkhola Hydropower Project.</p>
<p>An agreement in this regard was signed between the concerned parties on Saturday, August 19. Energy Minister Mahendra Bahadur Shahi and Chinese Ambassador to Nepal Yu Hong were also present during the signing ceremony.</p>
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<p>The government of Nepal had requested the Chinese government to invest in the 78-megawatt capacity project. As per the request, China decided to invest in Nepal through one of its biggest investors, CHEC.</p>
<p>After signing the agreement, both sides reiterated that the Rasuwa-based project would help in strengthening the bilateral relation between the two countries. </p>
<p>During the occasion, secretary at the Ministry of Energy Anup Upadhyay expressed his belief that the country’s energy crisis would ease in the future due to such a huge foreign direct investment in a single project.</p>
<p>Experts have said the decision of the company, which invests Rs 1,100 billion worldwide every year, to invest in Nepal as a positive outcome in the efforts taken by the government to attract foreign investors.</p>
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Revoking License of Non-Functional Companies now Possible
2 min 25 sec to read
August 20: Amendment of the Company Act 2063 has paved way for the government to revoke the license of the companies that have stopped their operation. A notice issued by the Company Registrar’s Office on August 7 after adding section 136 (A) in the Company Act following the necessary amendment process has made it possible for the concerned government bodies to take such decision.
The notice includes a sample of the application required for revoking the license of the companies that have closed down. The companies will have to submit the application within two years since the amended act came into effect.
The president had already approved the amendment proposal on May 2 but the process was delayed as the Company Registrar’s Office was yet to prepare a sample of the application form.
Now, the Company Registrar’s Office has urged the closed factories to initiate the process to revoke their license. Until now, the non-functional companies were facing difficulties in cancelling their license due to unclear policies.
Registrar Geeta Kumari Humagain said that the process of revoking the license of any company was a complex issue but now the government has made it possible to do so after the amendment of the Company Act.
Altogether 160,000 companies have been registered with the Company Registrar’s Office. Humagain informed that around 100,000 companies among the total registered companies are currently non-functional.
China Harbour Engineering Company (CHEC), a big investment company of China, has decided to invest Rs 15 billion in Nepal. CHEC, a subsidiary of China Communications Construction Company Limited (CCCC), will invest one of the largest amounts in Sanjelkhola Hydropower Project.
An agreement in this regard was signed between the concerned parties on Saturday, August 19. Energy Minister Mahendra Bahadur Shahi and Chinese Ambassador to Nepal Yu Hong were also present during the signing ceremony.
The project’s chief Bishnu Raj Adhikari and CHEC President Tang Qiaoling signed the agreement onbehalf of their respective organizations.
The government of Nepal had requested the Chinese government to invest in the 78-megawatt capacity project. As per the request, China decided to invest in Nepal through one of its biggest investors, CHEC.
After signing the agreement, both sides reiterated that the Rasuwa-based project would help in strengthening the bilateral relation between the two countries.
During the occasion, secretary at the Ministry of Energy Anup Upadhyay expressed his belief that the country’s energy crisis would ease in the future due to such a huge foreign direct investment in a single project.
Experts have said the decision of the company, which invests Rs 1,100 billion worldwide every year, to invest in Nepal as a positive outcome in the efforts taken by the government to attract foreign investors.
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<p>Altogether 160,000 companies have been registered with the Company Registrar’s Office. Humagain informed that around 100,000 companies among the total registered companies are currently non-functional.</p>
<p> </p>
<p> </p>
<p>China Harbour Engineering Company (CHEC), a big investment company of China, has decided to invest Rs 15 billion in Nepal. CHEC, a subsidiary of China Communications Construction Company Limited (CCCC), will invest one of the largest amounts in Sanjelkhola Hydropower Project.</p>
<p>An agreement in this regard was signed between the concerned parties on Saturday, August 19. Energy Minister Mahendra Bahadur Shahi and Chinese Ambassador to Nepal Yu Hong were also present during the signing ceremony.</p>
<p>The project’s chief Bishnu Raj Adhikari and CHEC President Tang Qiaoling signed the agreement onbehalf of their respective organizations.</p>
<p>The government of Nepal had requested the Chinese government to invest in the 78-megawatt capacity project. As per the request, China decided to invest in Nepal through one of its biggest investors, CHEC.</p>
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<p>Registrar Geeta Kumari Humagain said that the process of revoking the license of any company was a complex issue but now the government has made it possible to do so after the amendment of the Company Act.</p>
<p>Altogether 160,000 companies have been registered with the Company Registrar’s Office. Humagain informed that around 100,000 companies among the total registered companies are currently non-functional.</p>
<p> </p>
<p> </p>
<p>China Harbour Engineering Company (CHEC), a big investment company of China, has decided to invest Rs 15 billion in Nepal. CHEC, a subsidiary of China Communications Construction Company Limited (CCCC), will invest one of the largest amounts in Sanjelkhola Hydropower Project.</p>
<p>An agreement in this regard was signed between the concerned parties on Saturday, August 19. Energy Minister Mahendra Bahadur Shahi and Chinese Ambassador to Nepal Yu Hong were also present during the signing ceremony.</p>
<p>The project’s chief Bishnu Raj Adhikari and CHEC President Tang Qiaoling signed the agreement onbehalf of their respective organizations.</p>
<p>The government of Nepal had requested the Chinese government to invest in the 78-megawatt capacity project. As per the request, China decided to invest in Nepal through one of its biggest investors, CHEC.</p>
<p>After signing the agreement, both sides reiterated that the Rasuwa-based project would help in strengthening the bilateral relation between the two countries. </p>
<p>During the occasion, secretary at the Ministry of Energy Anup Upadhyay expressed his belief that the country’s energy crisis would ease in the future due to such a huge foreign direct investment in a single project.</p>
<p>Experts have said the decision of the company, which invests Rs 1,100 billion worldwide every year, to invest in Nepal as a positive outcome in the efforts taken by the government to attract foreign investors.</p>
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<p> </p>
<p> </p>
<p>China Harbour Engineering Company (CHEC), a big investment company of China, has decided to invest Rs 15 billion in Nepal. CHEC, a subsidiary of China Communications Construction Company Limited (CCCC), will invest one of the largest amounts in Sanjelkhola Hydropower Project.</p>
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<p>The project’s chief Bishnu Raj Adhikari and CHEC President Tang Qiaoling signed the agreement onbehalf of their respective organizations.</p>
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<p>Altogether 160,000 companies have been registered with the Company Registrar’s Office. Humagain informed that around 100,000 companies among the total registered companies are currently non-functional.</p>
<p> </p>
<p> </p>
<p>China Harbour Engineering Company (CHEC), a big investment company of China, has decided to invest Rs 15 billion in Nepal. CHEC, a subsidiary of China Communications Construction Company Limited (CCCC), will invest one of the largest amounts in Sanjelkhola Hydropower Project.</p>
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<p>The project’s chief Bishnu Raj Adhikari and CHEC President Tang Qiaoling signed the agreement onbehalf of their respective organizations.</p>
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<p>China Harbour Engineering Company (CHEC), a big investment company of China, has decided to invest Rs 15 billion in Nepal. CHEC, a subsidiary of China Communications Construction Company Limited (CCCC), will invest one of the largest amounts in Sanjelkhola Hydropower Project.</p>
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<p>Registrar Geeta Kumari Humagain said that the process of revoking the license of any company was a complex issue but now the government has made it possible to do so after the amendment of the Company Act.</p>
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<p>China Harbour Engineering Company (CHEC), a big investment company of China, has decided to invest Rs 15 billion in Nepal. CHEC, a subsidiary of China Communications Construction Company Limited (CCCC), will invest one of the largest amounts in Sanjelkhola Hydropower Project.</p>
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<p>Registrar Geeta Kumari Humagain said that the process of revoking the license of any company was a complex issue but now the government has made it possible to do so after the amendment of the Company Act.</p>
<p>Altogether 160,000 companies have been registered with the Company Registrar’s Office. Humagain informed that around 100,000 companies among the total registered companies are currently non-functional.</p>
<p> </p>
<p> </p>
<p>China Harbour Engineering Company (CHEC), a big investment company of China, has decided to invest Rs 15 billion in Nepal. CHEC, a subsidiary of China Communications Construction Company Limited (CCCC), will invest one of the largest amounts in Sanjelkhola Hydropower Project.</p>
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