Industrial Enterprises Act (Nepal)

The Industrial Enterprises Act of Nepal regulates the registration of companies in Nepal and their classifications. It provides that no person shall establish or operate, or cause to be established or operated an industry without registering it pursuant to this Act. The Act also provides for instances when an environmental impact assessment (EIA) or initial environmental examination (IEE) is required, in which case it shall commence its establishment, operation, commercial production and transaction only after the approval of a report on such assessment or examination. EIA or IEE shall also be carried out if so required under the prevailing law when an industry needs to increase its capital or capacity, add or change its objective, change its location or transfer it to another place. Further, the concerned industry shall be responsible for mitigating adverse environmental effects caused or likely to be caused on the environment in the course of its operation. The industry registration body may, as required, monitor whether environmental effects are mitigated under this section and give a direction, take action or recommend the concerned body for action.