‘Limited company should have 49% share of general investors’

KATHMANDU: President of Nepal Chamber of Commerce (NCC), Rajendra Malla, has said while establishing a limited company, 51% of the company's total share has to go to the founder and remaining 49% to general investors. In a meeting held by Revenue Advisory Committee under the Ministry of Finance today, NCC President Malla opined that general investors should be included while establishing a limited company. He said this arrangement will benefit the general public and also help in maintaining financial balance. He urged the concerned stakeholders to make such arrangements regarding the share of a limited company. Malla stressed that the policy prioritising investors will help systematise the service sector. He added the inclusion of general investors in the service sector will create liquidity. The NCC President suggested charging taxes at different rates for commodities and luxury items in order to systematise imports. Likewise, the arrangement of concession mentioned in the budget for fiscal year 2022/23 targeting large scale industries that consume more power should also include small and cottage industries and agri industries, Malla said. READ ALSO:

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