(1) A person who intends to register a private firm may submit an application in the format as prescribed to the concerned Department along with the prescribed fee. Such application shall set out the following particulars;
(a) The name of the private firm.
(b) The address of the private firm
(c) Objectives, functions and the particulars of goods or commodity to be transacted by the private firm.
(d) The name and address of the owner, and the name of his/her father, mother and grandfather, grandmother.
(e) Other particulars prescribed by the Government of Nepal by publishing a Notification in the Nepal gazette.
(2) After the submission of an application pursuant to Sub-section
(1) the concerned Department shall hold an inquiry in to the application and if there is a reasonable reason to believe that the particulars set out in the said application are true or if the concerned Department finds reasonable reasons to operate a private firm, it shall register in the register book as prescribed and issue a certificate in such format as prescribed.
(3) Notwithstanding anything contained in Sub-section (2), no more
than one private firm related to commerce which has same/similar objectives shall be registered in the name of the same person.