Effect of non-registration of agency in Nepal – Business Law | Management Notes

Effect of non-registration of agency in Nepal - Business Law | Management Notes   The agency must be registered to operate the business of agency in Nepal. The transaction without...

Procedure of registration of agency in Nepal

In Nepal, registration of agency is compulsory without registration, agency business is not allowed to run. If run, it is not valid. The agency Act, 2014 was introduced with the...

Termination of Agency – Business Law | Management Notes

Termination of agency implies the end of the relationship between the principal and agent. There are several modes of termination of agency. The NCA, 2056 has made some provisions in...

Effect of non-registration of agency in Nepal – Business Law | Management Notes   The agency must be registered to operate the business of agency in Nepal. The transaction without having registration is not only illegal but also creates a number of difficulties as well as makes liable for the […]

Termination of agency implies the end of the relationship between the principal and agent. There are several modes of termination of agency. The NCA, 2056 has made some provisions in this regard under Sections 61, 62 & 64. These provisions have not described all the modes of termination of agency. 

The rights of an agent are the duties of a principal. Contract Act, 2056 in Sections 59 and 62 have also laid down a little bit provision in this respect. Generally, the principal has the following duties: – To provide remuneration: – The principal should provide remuneration (commission) to the […]