Section 43: To obtain legal competency upon incorporation

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1) A legal person shall, upon its incorporation, obtain legal competency to carry out civil and commercial acts and transactions, in addition to the acts mentioned in Section 42.

2) The legal competency obtained pursuant to sub-section (1) shall continue to exist until the legal person is liquidated, dissolved or wound up in accordance with law.

Tagged:
Nepal Laws
The National Civil (Code) Act

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Section 43: To obtain legal competency upon incorporation

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