Yes. A Nepali legal entity can generally act as a founder or shareholder of another company, subject to its own constitutional authority, board approval and any sector-specific restrictions.
What OCR generally requires
Where a Nepali company is a founder, OCR's registration guidance calls for documents including:
- a copy of the founder company's registration certificate;
- a board decision explaining the investment;
- the amount and manner of investment;
- the name of the person representing the founder company;
- identification of the authorized representative.
Corporate authority matters
The investing company should have legal and constitutional authority to make the investment, and the decision should be properly approved and recorded.