While Nepalese corporate law does not prescribe a single, comprehensive “compliance code,” the legal framework for compliance is derived from various statutes and regulations tailored to specific industries and sectors.

The Companies Act, 2063 (2006) establishes fundamental compliance obligations after incorporation, including holding annual general meetings, maintaining statutory registers, and filing periodic returns with the Office of the Company Registrar.

Beyond this, compliance requirements are shaped by sector specific laws—such as the Labor Act for employment matters, the Income Tax Act and VAT Act for tax obligations, and regulations from bodies like Nepal Rastra Bank for financial institutions.

To maintain legality and good standing, companies must adopt and adhere to the regulatory requirements relevant to their industry, covering areas such as tax filing, employment practices, corporate governance, and record keeping.

At the foundation of effective compliance lies a custom tailored Compliance Catalogue or Compliance Checklist. Buddha Bhumi Law and Associates prepares a compliance catalogue specific to your industry, legal structure, and applicable regulations.

We identify all statutory obligations—from annual filings and board meeting requirements to industry specific licenses and employment law duties.

Our team regularly updates these catalogues to reflect changes in national laws and regulations, ensuring that your compliance framework remains current. We also provide detailed legal guidance on maintaining the necessary records and documentation to support ongoing compliance.

Compliance documents—including policies, manuals, contracts, and governance instruments—must align with prevailing Nepalese rules and regulations. Our firm has extensive experience drafting these critical documents to mitigate compliance risks.

We prepare board charters, committee terms of reference, corporate policies (e.g., related party transactions, conflict of interest, code of conduct), and whistleblower frameworks.

We also revise employment contracts and HR policies to guarantee compliance with the Labor Act and Social Security Act, and we draft internal manuals and procedures that reflect both legal requirements and your organization’s operational realities.

Government authorities and regulatory bodies may require the submission of specific documents, contracts, or compliance manuals—especially during inspections or when violations are suspected.

Our law firm handles the registration and filing of various compliance documents with the Office of the Company Registrar, the Inland Revenue Department, Nepal Rastra Bank, and other relevant authorities.

We manage annual returns, director and shareholder updates, tax filings, and other statutory submissions, ensuring deadlines are met and documentation is complete. Taxation, a major element of compliance, is handled by our experienced corporate compliance lawyers, who ensure regular submission of all tax requirements.

After years of operation, a company may accumulate complexities within the legal framework, making it vulnerable to undetected risks. Our firm conducts comprehensive due diligence services to evaluate the compliance status of your organization.

We examine corporate records, contracts, litigation history, and regulatory filings to identify gaps and liabilities. This service is particularly valuable during mergers, acquisitions, or partnership transactions, where a clear picture of compliance status is essential.

We maintain an internal reporting mechanism and provide an assessment brief to the head of the compliance department with actionable recommendations for remediation.

Legal advisors play an instrumental role for companies engaged in complex compliance issues and interactions with regulatory authorities. Buddha Bhumi Law and Associates provides specialized legal opinions on matters related to legal and financial compliance, including interpretation of new regulations, assessment of compliance risk, and strategic advice on responding to regulatory inquiries.

Our compliance lawyers serve as trusted professional advisors to some of the largest companies in Nepal, offering the clarity and foresight needed to navigate the evolving regulatory landscape while protecting your business interests.