Chapter 2 Incorporation of Company

Section 6 : Power to refuse to register company

Estimated reading: 2 minutes 141 views

(1) The Office may refuse to register a company in any of the following cases: –

(a) if the name of the proposed company bears a resemblance to the name or trade mark of any previously registered company or, as the case may be, to the name or trade mark of such company so as to create confusion,

(b) if the name or purpose of the proposed company is contrary to the prevailing law or appears inappropriate or undesirable from any point of view of public interest, morality, morality, etiquette, etc., or reflects the intent of criminal action,

c) If the name of the proposed company is identical with the name of a company of which registration has been cancelled pursuant to this Act or that of a company which has been insolvent under the prevailing law or so resembles such name as it might cause misleading and a period of five years shall not expired after such cancellation of registration or insolvency,

(d) if the conditions necessary for the establishment of the company in accordance with this Act are not fulfilled.

(2) In case of refusal to register a company in any of the circumstances mentioned in sub-section (1), a notice shall be given to the applicant within fifteen days from the date of application for establishment of the company in accordance with section 4.

(3) If the office refuses to register a company pursuant to sub-section (1) or does not give notice pursuant to sub-section (2), the person who is not satisfied may make a complaint to the court within fifteen days.

Share this Law

Section 6 : Power to refuse to register company

Or copy link

Discover Nepal's laws effortlessly. Our user-friendly platform simplifies legal understanding and accessibility, serving individuals throughout the country.