Limited Liability Benefits

Corporate Body in Nepal (2026): Legal Characteristics Guide

A 2026 practitioner's guide to the legal characteristics of a corporate body in Nepal under the Companies Act 2063 and Muluki Civil Code 2074 — separate legal personality, perpetual succession, limited liability, capacity to contract and own property, the Salomon principle, piercing the corporate veil, types of corporate bodies (private, public, profit-not-distributing, statutory corporations, cooperatives, NGOs) and the developing area of corporate criminal liability under the Penal Code 2074.