OCR Fine Calculator
OCR Fine Calculator is a tool to calculate fine (penalty) when Pvt. Ltd. companies fail to submit the documents to the Office of Company Registrar in Nepal.
Nepal’s 1st Private Portal Led.
*This Fine Calculator has been aligned to match with the calculation done by www.ocr.gov.np and is meant to be used for reference purpose only.
Why OCR Fine Calculator?
Prior to the introduction of this OCR Fine Calculator by Darta Nepal, users intending to calculate the fines manually had to face challenges due to the use of the Bikram Sambat (BS) calendar, where the number of days in each month varies.
Now, with Darta Nepal’s exclusive private portal Led Nepal’s first OCR Fine Calculator, these calculations have become much easier.
Instructions to Use OCR Fine Calculator?
By following these steps, you can calculate the fines applicable under different sections for your company.
Step 1: Select the Relevant Section
Identify which section of the law you are calculating the fine for.
You may refer to the ‘Legal Basis’ section of this article for more details on section number and their requirements.
Choose the relevant section (e.g., 51, 80, 92, 111, 31, 184).
Step 2: Enter Capital Information
In the “Capital” dropdown, select the capital range of your company.
Example options: “1 to 25 Lakhs,” etc.
Step 3: Input Required Dates
Depending on the section you selected, enter the appropriate dates in the following fields:
AGM Date: Enter the date of the Annual General Meeting (YYYY.MM.DD).
Filing Date: Enter the actual filing date of the required document to the OCR (YYYY.MM.DD).
Financial Year: Enter the relevant financial year for the return or filing.
Document Date: Enter the date of the document (YYYY.MM.DD).
Registration Date: Enter the company registration date for Section 184.
Step 4: Click “Calculate”
After filling in the necessary information for each section, click the “Calculate” button.
The calculator will compute the fine based on the input provided.
Step 5: Review the Fine
The calculator will display the fine amount based on the information you have entered.
Notes:This fine calculator aligns with the calculations done by the OCR and is meant to be used for reference purposes only.
Who is this OCR Fine Calculator For?
This OCR Fine Calculator is designed for businesses in Nepal that have registered a company in their name (specifically a Pvt. Ltd. Company) and are required to comply with various document submission requirements as per the Companies Act, 2063.
OCR Fine Calculator is particularly useful for:
1. Business Owners
Entrepreneurs and business owners who need to calculate fines due to late submission of documents to the OCR.
2. Legal Professionals
Legal professionals who assist businesses with compliance and need to determine the fines for late submissions.
3. Government Officials
Officials from the OCR who might use this calculator to assess fines for businesses that are non-compliant with the Companies Act.
4. Students
Students of business management, or company law who want to learn and practice compliance with company registration requirements.
In summary, this tool is for anyone involved in managing company compliance and filings in Nepal, helping them avoid or ascertain penalties by providing accurate calculations of fines for late filings.
Also use our other free tools: Salary Tax Calculator and VAT Fine Calculator.