- Type
- Act
- Year
- २०२० BS
- Status
- In force
- Category
- खण्ड ८: उद्योग, वाणिज्य तथा आपूर्ति · Volume 8: Industry, Commerce and Supply
- Official text
- Official page Official text (PDF)
- English translation
- Official English translation archived copy: the original page is no longer online
Includes amendments up to: 2066 BS. Translations may not include later amendments. The Nepali text is the authoritative law.
Analysis drawn from official reports, court rulings and published research, each cited. Figures are being double-checked against the source documents; corrections are welcome.
What does it do?
- A partnership is a business carried on by people under one name under an agreement to share profits, with each partner acting for all or all for each, registered with the Government. A partnership must be registered with the department concerned within six months of being formed, with prescribed details and fees and a name not already used by another firm or company; until registered, its business has no legal recognition under the Act. A joint Hindu family business is not a partnership.एउटै नाम राखी मुनाफा बाँडफाँट गर्ने गरी साझेदारहरूले आपसमा कबुलियत गरी नेपाल सरकारको लगतमा दर्ता गराएको कारोबार साझेदारी हो। साझेदारी खडा भएको छ महिनाभित्र तोकिएको विवरण, दस्तुर र अर्को फर्म वा कम्पनीले नलिएको नामसहित सम्बन्धित विभागमा दर्ता गराउनुपर्छ; दर्ता नभएसम्म त्यसको कारोबारलाई यस ऐनबमोजिम कानूनी मान्यता हुँदैन। एकाघर सगोलको कारोबारलाई साझेदारी मानिँदैन। Nepal Law Commission Sections 2–8, pp. 2–4
- Relations among partners follow their agreement: partnership property is used only for the business, no partner can be forced to add capital, partners may take part in the business and inspect accounts, profits a partner earns from the firm's business belong to the firm, and profit and loss are shared as agreed. Every partner is jointly and individually liable for the firm's acts while he is a partner; a new partner is not liable for earlier acts.साझेदारहरूबीचको सम्बन्ध कबुलियतअनुसार चल्छ: साझेदारीको जायजेथा कारोबारमै प्रयोग गर्नुपर्छ, कुनै साझेदारलाई पुँजी थप्न कर लाग्दैन, साझेदारले कारोबारमा भाग लिन र स्रेस्ता हेर्न पाउँछ, फर्मको कारोबारबाट साझेदारले आर्जेको मुनाफा फर्मको हुन्छ, र नाफा–नोक्सान कबुलियतअनुसार बाँडिन्छ। साझेदार छँदा फर्मका लागि गरिएका सबै कामको लागि प्रत्येक साझेदार संयुक्त वा व्यक्तिगत रूपमा जवाफदेही हुन्छ; नयाँ साझेदार पहिलेको कामको लागि जवाफदेही हुँदैन। Nepal Law Commission Sections 12–27, pp. 6–9
- A partnership is dissolved by agreement of all partners, by written notice for partnerships of indefinite term, at the end of its term, or immediately when a partner dies or in other listed cases; accounts are then settled, a liquidator may be appointed, and the department's decisions can be appealed. Penalties imposed by the department for trading without registration, false statements or failure to notify changes are small fines of Rs 50 to Rs 100 per partner, as written in the Act.सबै साझेदारको मञ्जुरीले, अनिश्चित अवधिको साझेदारीमा लिखित सूचनाले, अवधि सकिएपछि, वा कुनै साझेदार मरेमा वा तोकिएका अन्य अवस्थामा साझेदारी विघटन हुन्छ; त्यसपछि हिसाब फर्स्योट गरिन्छ, लिक्विडेटर नियुक्त गर्न सकिन्छ, र विभागको निर्णयउपर पुनरावेदन लाग्छ। दर्ता नगरी कारोबार गरेमा, झुटो विवरण दिएमा वा परिवर्तनको सूचना नदिएमा विभागले गर्ने सजाय ऐनमा लेखिएअनुसार प्रति साझेदार पचासदेखि सय रुपैयाँसम्म जरिवाना मात्र छ। Nepal Law Commission Sections 29–42, pp. 10–13
Gaps, loopholes and improvement ideas
- Not enforced Many registrations have not been renewed: the Auditor General found that of 30,943 business firms registered at various dates under the Private Firm Registration Act 2014, the Companies Act 2063 and the Partnership Act 2020, according to the Department of Commerce, Supply and Consumer Protection's online system, 5,969 had not renewed their registration (the figure covers all three laws together).धेरै दर्ता नवीकरण हुन बाँकी छन्: वाणिज्य, आपूर्ति तथा उपभोक्ता संरक्षण विभागको अनलाइन प्रणालीअनुसार प्राइभेट फर्म रजिष्ट्रेशन ऐन, २०१४, कम्पनी ऐन, २०६३ र साझेदारी ऐन, २०२० बमोजिम विभिन्न मितिमा दर्ता भएका ३०,९४३ व्यावसायिक फर्ममध्ये ५,९६९ ले नवीकरण नगराएको महालेखापरीक्षकले उल्लेख गरेको छ (यो सङ्ख्या तीनै कानूनको संयुक्त हो)। Office of the Auditor General, Nepal OAG 63rd report, Ministry of Industry, Commerce and Supplies chapter para 28, PDF p. 221 (printed p. 189)
Where does it conflict with other laws?
No conflict with another law is documented in the sources we have reviewed so far.