Economic and Labour Relation Committee under Legislature Parliament today directed the government to start decentralisation process of Office of the Company Registrar. The government in 1993 had established the Office of the Company Registrar to regulate activities related to the company set up and other administrative works. “The decentralisation of the office is a must to provide facility to company operators in various parts of country,” lawmaker and committee member Diwakar Golchha said.
Entrepreneurs at the local level can easily register their company and can take other benefits, according to the committee.
Similarly, lawmakers also asked the government to start the homework for the amendment of Company Act 2006 according to the need of time. “The Company Act should create entrepreneur-friendly, investment-friendly and industry-friendly environment,” the committee decision said.
Lawmakers also demanded to reduce the existing provision of punishment from Company Act 2006. “There are some provisions that are contradictory with other existing law including Income Tax Act and they should be amended,” the lawmakers said.
Company Act should incorporate wide range of issues related to the company sector, committee member Bijay Paudel said, adding that it should introduce the provision of establishing many companies under a brand name. Currently, there is no provision of registering a group of companies, he said, asking the government to bring such provision.
Meanwhile, Public Accounts Committee under Legislature parliament today discussed on Janakpur Cigarette Factory “The committee interrogated with the factory officials about the detailed financial situation, secretary at the committee Som Bahadur Thapa said, adding that the committee will grill them again during the next meeting. There are around 900 staff in factory.
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