> ## Documentation Index
> Fetch the complete documentation index at: https://v2.docs.conduit.financial/llms.txt
> Use this file to discover all available pages before exploring further.

# Nepal

> How to collect KYB documents from business customers in Nepal (NPL) when onboarding through the Conduit API.

## Overview

| Field        | Value                                 |
| ------------ | ------------------------------------- |
| Region       | Asia (West, South & Central)          |
| ISO 3166-1   | NP / NPL                              |
| Registry     | Office of the Company Registrar (OCR) |
| Last updated | 2026-05-06                            |

## Identifiers

Collect two identifiers from each business customer in Nepal and submit them as strings on the application body.

| API field                       | Local name                         | Issuer                                |
| ------------------------------- | ---------------------------------- | ------------------------------------- |
| `businessInfo.taxId`            | **Permanent Account Number (PAN)** | Inland Revenue Department (IRD)       |
| `businessInfo.businessEntityId` | **Company Registration Number**    | Office of the Company Registrar (OCR) |

*Tax ID:* 9-digit numeric; issued under Income Tax Act 2058 s.78; single identifier for income tax, VAT, and excise. Verified at ird.gov.np.

*Registration number:* Format: sequential number + fiscal-year suffix (e.g. 45995-063-064); printed on Company Registration Certificate; verifiable via ocr.gov.np / CAMIS portal.

## Sector regulators

`NRB` · `NIA` · `SEBON` · `DMLI`

## Legal structures

| Local name                              | Abbreviation | Description                                                                                                                                                                                                                                                                         |
| --------------------------------------- | ------------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Public Limited Company                  | Ltd.         | Minimum 7 shareholders, no upper limit; shares freely transferable and may be listed on the Nepal Stock Exchange; mandatory public disclosure and statutory audit. Equivalent to a US C-Corp.                                                                                       |
| Non-profit Distributing Company         | —            | Incorporated under Companies Act 2063 s.166 for social, charitable, educational, or professional purposes; profits must be reinvested in the stated objects; no minimum capital requirement. Closest US equivalent: Nonprofit Corporation (501(c)(3)).                              |
| Private Limited Company                 | Pvt. Ltd.    | 1–101 shareholders; share transfer restricted; minimum paid-up capital NPR 100,000; most common vehicle for SMEs and foreign investors; separate legal personality with limited liability. Equivalent to a US LLC.                                                                  |
| General Partnership Firm                | —            | Two or more persons carrying on business in common under the Partnership Act 1964 (as amended 2020); all partners bear unlimited joint and several liability; registered with the relevant industry department. Closest US equivalent: General Partnership (GP).                    |
| Sole Proprietorship Firm                | —            | Single natural person conducting commercial activity under the Sole Proprietorship Registration Act 2021; no separate legal entity; owner bears unlimited personal liability; registered with the relevant industry or commerce department. Equivalent to a US Sole Proprietorship. |
| Cooperative Society                     | —            | Member-owned organization formed under the Cooperatives Act 2074 for mutual economic benefit (savings and credit, agricultural, consumer, multipurpose, etc.); registered at local, provincial, or federal level depending on operating scope. Closest US equivalent: Cooperative.  |
| Foreign Branch Office                   | —            | Extension of a foreign company registered under Companies Act 2063 s.154; not a separate legal entity; parent company bears full liability; must file audited Nepal accounts annually with OCR. Closest US equivalent: Branch/Rep Office.                                           |
| Foreign Liaison (Representative) Office | —            | Non-commercial presence of a foreign company in Nepal; permitted only for market research, promotion, and liaison activities; may not generate revenue or conduct trade; registered with the Department of Industry. Closest US equivalent: Branch/Rep Office.                      |

## How documents combine

For each evidence area, this table shows whether the listed documents are alternatives (any one of) or a bundle (all required). The artifact-by-artifact lookup follows below.

| Evidence area          | Documents needed                                                    |
| ---------------------- | ------------------------------------------------------------------- |
| Legal Registration     | Company Registration Certificate                                    |
| Constitutive Documents | *All required:* Memorandum of Association + Articles of Association |
| Tax Registration       | PAN Certificate                                                     |
| Operating Permit       | Business Operating Certificate                                      |
| Ownership Records      | Share Register                                                      |
| Governance Records     | Directors Register                                                  |
| Signing Authority      | Board Resolution                                                    |
| Address                | *Any one of:* Lease Agreement · Utility Bill · Bank Statement       |

## Documents to collect

The physical documents you'll collect from your customer, with the evidence area each one proves. One document can prove multiple areas — for example, Brazil's Cartão CNPJ covers both tax and business-registration proof, so it appears once with both areas listed.

| Document                                                        | Proves                                  |
| --------------------------------------------------------------- | --------------------------------------- |
| **Company Registration Certificate**                            | Legal Registration                      |
| **Memorandum of Association (MoA)**                             | Constitutive Documents                  |
| **Articles of Association (AoA)**                               | Constitutive Documents                  |
| **PAN Certificate**                                             | Tax Registration                        |
| **Business Operating Certificate (व्यवसाय सञ्चालन अनुमतिपत्र)** | Operating Permit                        |
| **Share Register (OCR-filed shareholder list)**                 | Ownership Records                       |
| **Directors Register (OCR annual filing)**                      | Governance Records                      |
| **Board Resolution**                                            | Signing Authority                       |
| **Lease Agreement**                                             | Address                                 |
| **Utility Bill (≤90 days old)**                                 | Address                                 |
| **Bank Statement (≤90 days old)**                               | Address                                 |
| **Sector-Specific License**                                     | NRB license, NIA license, SEBON license |

**Not applicable in Nepal:** Good Standing. Skip these areas — no local artifact exists.

### Collection notes

* **Legal Registration:** Issued by OCR via CAMIS system (camis.ocr.gov.np); digitally signed with QR code; bilingual (Nepali/English).
* **Constitutive Documents:** Filed as paired documents at incorporation; both required; OCR retains originals.
* **Tax Registration:** Issued by IRD (ird.gov.np); 9-digit number; downloadable signed PDF from taxpayerportal.ird.gov.np.
* **Operating Permit:** Issued by local municipality/ward office; required after OCR registration; must be renewed annually.
* **Sector-Specific License:** NRB for banks/FIs (BAFIA 2073); NIA for insurers (Insurance Act 2079); SEBON for securities intermediaries. Only required for regulated-sector entities.
* **Ownership Records:** Filed as part of annual return to the Office of the Company Registrar (OCR); includes all current shareholders, number of shares held, and date of most recent transfer.
* **Governance Records:** Filed as part of annual s.78 report to OCR; includes names, addresses, and appointment dates of all directors.
* **Signing Authority:** POA must be notarized by a licensed Nepali notary; no apostille available — MoFA attestation + destination-embassy attestation required for cross-border use.
* **Address:** Conduit universal policy: lease (no time bound) OR utility bill OR bank statement, with utility/bank dated within 90 days. Same evidence satisfies both registered-address and operating-address checks.

## Person roles

When you submit a person on the application body, set their `role` to one of Conduit's canonical `BusinessPersonRole` values. Use this table to map a local corporate-governance title onto the right canonical role.

| Local role                                         | Canonical API role     | Description                                                                       |
| -------------------------------------------------- | ---------------------- | --------------------------------------------------------------------------------- |
| Director (सञ्चालक)                                 | `CONTROLLING_PERSON`   | Member of the Board of Directors; governance role per Companies Act 2063 s.86–87. |
| Managing Director (प्रबन्ध सञ्चालक)                | `CONTROLLING_PERSON`   | Executive director appointed under s.96; day-to-day operational authority.        |
| Chief Executive Officer (CEO)                      | `CONTROLLING_PERSON`   | Senior executive; operational head; may or may not sit on the board.              |
| Attorney-in-fact / POA holder (Adhikrit Warishana) | `LEGAL_REPRESENTATIVE` | Person authorized to act and sign on behalf of the company via notarized POA.     |

## Notes

* Apostille not available. Nepal is not a party to the Hague Apostille Convention (HCCH status table, verified 2026-05-06). Documents for cross-border use require MoFA attestation followed by destination-country embassy attestation in Kathmandu.
* Dual-calendar system. Nepal uses Bikram Sambat (BS) calendar; fiscal year ends mid-July. All OCR and IRD filings use BS dates (2082 BS = 2025/26 AD). Certificates show BS dates — convert when recording effective dates in Conduit systems.