CRO to go online to save trip to Capital
KATHMANDU, SEP 06 -
The Company Registrar Office (CRO) plans to implement an online service to cut paperwork and make documentation hassle-free for companies.
According to the CRO, once the online system is in place, companies from outside the Kathmandu valley will be able to submit their documents on the internet, thus saving them the trouble of making a trip to the Capital with a pile of papers.
The CRO’s move comes amid growing complaints of mismanagement and frustrating red tape. The system is expected to help mainly entrepreneurs from outside the valley. “We are in the final stages of preparing the required software, and we are also holding talks with the stakeholders,” said Dinesh Sagar Bhusal, assistant registrar at the CRO.
The CRO has started assigning bar codes to files related with various companies. “We have started e-filing of 20,000 documents of various companies in the first stage,” said Bhusal. According to him, companies operating outside the valley will not have to rush to the CRO located in the capital once they complete e-filing. More than 90,000 companies are registered with the CRO. It renews their licenses and handles transfer of ownership, and company owners from across the country have to visit its offices at Lalitpur and Tripureshwor, Kathmandu for the service. After the system is implemented, the concerned people can see the details of their company’s status online. The CRO, in association with the IFC, has almost completed preparing the software to implement the online system.
“We will provide passwords to the concerned entrepreneurs by the help of which they can check the details about the transfer of their company’s ownership,” said Bhusal. “Similarly, they can get information about service charges and fines for delays in renewing the license.” The CRO is planning to coordinate with various banks to make payment easier. “We are thinking of managing the payment service through the branch offices of the banks at the local level,” Bhusal added. According to him, the process of installing the software is expected to be over within a month and a half.
Besides implementing the online service, the CRO has planned receiving a copy of the audit reports of companies on the day they are submitted to the Inland Revenue Office. “We are holding talks with government authorities for the purpose,” said Bhusal.
Source: The Kathmandu Post
