Corporate Law

Contract is like partners moving together harmoniously, following predetermined steps, like dancers on a dance floor. Every party has its unique rhythm and responsibility, and harmony is sustained as they abide by the dance rules. If either partner makes a mistake, loses their balance, or disrupts the harmony, the relationship may suffer, resulting in disagreements, discussions about new terms, or possibly even a breakup. The dance floor serves as the playing field, the music acts as the contract, and the steps represent the conditions that must be adhered to by all.

This article delves into the minimum wage regulations in Nepal for the year 2080. It outlines the legal framework established by the Labor Act, the components of minimum remuneration, and specific wage rates for different employment types. Discover who sets these wages, the role of the Minimum Remuneration Fixation Committee, and actionable tips for both workers and employers to ensure compliance and fair pay. Understand why minimum wage matters for the economy and how it safeguards the rights of employees across various industries.

Explore the diverse types of companies in Nepal defined by the Companies Act of 2006. This comprehensive guide covers the private and public companies, their registration processes, and additional classifications. Learn about the governing laws and gain actionable insights to start your business in Nepal!

This article delves into the writ jurisdiction in Nepal, highlighting its role in protecting individual rights. It covers the five types of writs available—Habeas Corpus, Mandamus, Certiorari, Prohibition, and Quo-warranto—along with the conditions under which they can be issued. Additionally, it provides insights on how individuals can file writ petitions, including on behalf of others, and discusses the importance of these legal instruments in ensuring justice and accountability in governance.

The Maximum Retail Price (MRP) is the highest price at which a product can be sold, including all taxes and fees, set by the manufacturer. MRP protects consumers by limiting overpricing and ensuring transparency in retail markets. This system promotes fair trade, consistency in pricing, and prevents exploitation, especially in regions with limited competition. In Nepal, MRP is enforced under the Consumer Protection Act, 2018, to safeguard consumers from price exploitation and maintain equity in pricing across different areas. Businesses benefit from consistent pricing, while consumers gain assurance that they are not overcharged.