Monday, February 11, 2013

CRO officially launches online service

KATHMANDU, FEB 08 - 2013

The Company Registrar Office (CRO) on Thursday officially launched its online service. The new system facilitates registration, dissolution and other administrative work through the internet.

According to the CRO, the system enables companies to submit documents required for registration at CRO and forward application for dissolution through the internet. The companies can also check their status online.

Addressing a programme here on Thursday, CRO’s acting registrar Toya Nath Adhikari said the provision will end hassles that people faced while carrying out official work. “It will help minimise the rush at CRO and curb corruption,” he said.

Companies can now log on to CRO’s website — www.ocr.gov.np — to forward their documents, learn about their status and access other information.

However, for the complete registration process, company representatives need to make a one-time visit to the CRO office in Tripureswhor, Kathmandu, or in Lalitpur to pay registration charges and register their official signatures. “As there are no provisions of digital signature/finger print and online payment service, investors have to visit the CRO office once,” said Adhikari.

On liquidation, Adhikari said the office was planning to provide a complete service on liquidation of a company in coordination with the private sectors.

So far, entrepreneurs from a cross the country willing to register a new company had to come all the way to Kathmandu to submit their applications. For Lalitpur district, CRO has assigned the Department of Cottage and Small Industries, Lalitpur, to provide services related to company registration. The online system helps simplify the registration process and other official work. “People can get their company registered in seven easy steps compared to 15 steps at present,” said Sansar Jung Dewan, engineer at CRO.

CRO is implementing the online system in association with the International Finance Corporation (IFC) of the World Bank Group which is providing technical support worth $500,000 under the project named ‘Business Process Reengineering and Automation Project’.

With the commencement of the online service, CRO has also devised a company electronic filing directive 2013. The directive has envisioned managing separate electronic registers to store documents of various companies submitted to CRO.

CRO has registered over 90,000 companies so far. Besides registration, it also renews licenses of the companies and handles transfer of ownership. On an average, CRO deals with 100 applications and other administrative work daily.



Source: The Kathmandu Post

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