4.2 Public Companies Formed under the Companies Act, 2063

The form: the registered public company — incorporation under the general statute (the Office of the Company Registrar's registration — Unit 6's procedure): the minimum-membership floor (seven — the public company's threshold), the shares offered to the public (the public-issue power — the SEBON regime where offered), the fuller compliance regime (the audits, the general meetings, the disclosures). The nature (the characteristics — Unit 3's seven): the separate person, the limited liability, the perpetual succession, the transferable shares. The role: the capital-market economy's core (the listed company's world — NEPSE's issuers; the banks under BAFIA 2073; the insurers and the corporates of the modern Nepali market). 4.3 Public Corporations Formed under the Corporations Act, 2021 B.S. The form: the statutory public corporation — the state's undertaking incorporated under the Corporations Act 2021 B.S. (1964/65): the corporation's creation by the Government (the founding decision, the statute's framework), the public-purpose mission (the services and industries the state undertook), the special governance (the Government-appointed boards; the ministry's oversight), the employees' and finances' special regimes. The Nepali faces: the 2020s-era public undertakings (the utilities, the industrial corporations, the trading corporations — the planned- development era's instruments). The comparative (the exam's table): the Corporations Act's corporation vs the Companies Act's company: the birth (the Government's decision vs the promoters' registration), the purpose (the public undertaking…