Company Objective Add or Amendment in Nepal

Every company in Nepal is registered under the Company Act, 2063 with a set of objectives that are the main purposes or business activities the company is allowed to perform.

If a company wants to add, remove, or modify any of these objectives, it must legally amend its Memorandum of Association (MOA) and get approval from the Office of the Company Registrar (OCR).

What Is a Company Objective Amendment?

Company Objective Amendment (also called Addition, Deletion, or Change of Objectives) means officially changing the list of business activities a company is allowed to engage in—as recorded in its Memorandum of Association (MOA).

This process must be approved by:

• The Board of Directors (BOD)
• The Special General Meeting (SGM)
• And finally, the Office of the Company Registrar (OCR)

Legal Basis: Company Act, 2063

According to Section 18(1)(C) and Section 81(2) of the Company Act, 2063, a company can change or add to its objectives by:

• Passing a special resolution (at least two-thirds approval) in its Special General Meeting, and
• Getting approval from the OCR for the amendment.

“A company may amend its Memorandum or Articles of Association — including change in objectives — by special resolution and by submitting the amendment to the Registrar for approval.”

When to Add or Change Company Objectives?

You should apply for an objective amendment when:

• You are expanding your business into a new area (e.g., IT firm adding import/export).
• You want to remove old or irrelevant objectives.
• You are merging or restructuring business operations.
• You want to align with new government regulations or licenses.

Documents Required for Company Objective Amendment

• Decision of BOD
• Decision of Special General Meeting
• Amended Section of MOA
• Amended Section of AOA
• Tin Mahale
• Application

Step-by-Step Process for Amending Company Objectives

Step 1: Hold a Board Meeting

• Conduct a Board of Directors (BOD) meeting to propose new or amended objectives.
• Pass a resolution recommending the amendment and call for a Special General Meeting (SGM).

Step 2: Hold an Special General Meeting (SGM)

• Conduct an SGM to approve the proposed objective changes.
• Pass a special resolution (approved by two-thirds of shareholders).
• Authorize one director or company secretary to handle OCR submission.

Step 3: Prepare Documents

• Minutes of Board Of Directors (BOD)
• Minutes of Special General Meeting (SGM)
• Please update the Memorandum of Association (MOA).
• Tin Mahale
• Application

Step 4: Apply Online via OCR Portal

1. Log in to your OCR account (https://camis.ocr.gov.np/login).
2. Go to “Post Registration Activities” → “Create New” → “Objective Change.”
3. Fill in the details and attach all required documents (PDF format).
4. Submit the application and wait for approval.
5. Once your application is approved by the OCR, you receive certified documents containing the amended objective.

Step 5: OCR Review and Approval

• The OCR verifies your documents and resolutions.
• If everything complies with the Company Act, the OCR approves the amendment.
• The company receives an approval letter or updated MOA certificate with the new objectives.

Government Fees

There is no government fee charged to add or amend a company’s objectives. This is completely free of cost.

After Approval

Once the OCR has approved the objective amendment,

• Use the updated MOA/AOA for all legal and financial activities.
• Update PAN/VAT, bank accounts, and business licenses (if new objectives require them).
• Notify related government departments if the new objective involves regulated activities (like trade, education, or finance).

Conclusion

Amending your company objectives in Nepal is a formal legal process to expand or modify your business activities under the Company Act, 2063. With proper resolutions, documentation, and OCR approval, you can legally operate under your new or updated objectives.

“We guarantee a smooth, compliant, and fast Objective Amendment process — completed within one day.”