KATHMANDU, July 16: Small enterprises including beauty parlors and small-scale shirting and suiting shops will have to mandatorily register in Value Added Tax from Tuesday, the first day of the Fiscal Year 2018/19.
The provision endorsed in the budget has put these small enterprises under existential threat, according to Federation of Nepalese Chambers of Commerce and Industry (FNCCI).
POKHARA, April 13: A Bill on Salaries and Allowances of Provincial Lawmakers endorsed by the Provincial Meeting of the Province 4 has laid down a provision according to which a leader of the party having ten percent seats can become chief whip.
KATHMANDU, August 26: The Securities Board of Nepal (Sebon) has issued a circular to all depository participants, directing them to open beneficial owner account only in the presence of the respective clients.
KATHMANDU, July 26: Members of Parliament and legal experts have called for extensive reforms in the bill designed to provide for election to the House of Representatives and Provincial Assembly, 2074. The reforms, they said, have to be made in view of gender and social inclusion.
KATHMANDU, July 19: Depositors will now have to show their identification card if they are depositing cash in others' bank account. Bank and financial institutions (BFIs) may not accept cash if depositors fail to show identification documents.
KATHMANDU, May 4: The Securities Board of Nepal (Sebon) is making the applications supported by blocked amount (ASBA) system mandatory for public offering of stocks by the beginning of Fiscal Year 2017/18.
KATHMANDU, March 14: The government has enforced the provision of acquiring a license to sell tobacco and tobacco products from Tuesday. With this, sale of tobacco products is allowed only from license-holding outlets.
KATHMANDU, March 6: Nepal Rastra Bank (NRB) has made it mandatory for bank and financial institutions (BFIs) and payment service providers (PSPs) to put photo of cardholder on debit, credit, prepaid and other electronic payment cards.
KATHMANDU, Aug 11: The Election Commission has proposed a provision making it mandatory to elect at least one-third women representatives to the House of Representatives as well as the provincial assemblies.