Over 150 operators register as companyFollowing an agreement with the government to end the organised syndicate system in the transport sector, public transport operators have started registering themselves as private companies.
Following an agreement with the government to end the organised syndicate system in the transport sector, public transport operators have started registering themselves as private companies.
Representatives of the private transport companies, which had been registered under several transport committees and associations, have been visiting the Office of the Company Registrar (OCR) to for company registration after the government made it mandatory to do so within this fiscal year.
The OCR has seen a massive surge in the number of public transport operators visiting the office and following the registration procedure since the agreement between the two sides. “Many public transport operators have been visiting the office and gathering information on company registration process,” said Rajendra Thapa, spokesperson for the OCR.
The government had amended the existing Transport Management Directives (2004) on April 1 in a bid to break the syndicate in the public transport sector, which was flourishing under transport committees and associations. Besides scrapping the status of those committees, the government introduced the provision whereby they are required to register themselves as taxpaying companies.
According to the OCR data, 42 new companies registered themselves as a company until May 10. Some of the biggest names operating under committees, including Prithvi Transport, Siddhartha Bus Services, Mahakali Seti Transport Entrepreneur Committee, Paschimanchal Bus Services, Prithvi Bus, Dhaulagiri Zone Bus Entrepreneur Committee, Arniko Yatayat, have registered as a company. “The number of transport operators coming to inquire about the registration process and register as company has increased considerably since the agitating committees reached a deal with the government,” added Thapa.
On May 7, the government and the Federation of Nepalese National Transport Entrepreneurs had agreed to end the syndicate system in the public transport sector and resolve issues through formation of a task force.
Abisha And Anusha Yatayat, Rajesh Yatayat, Super Agni Yatayat, Ananteshwor Royals Yatayat, Sagarmatha Halesi Yatayat, Khamdakee Yatayat, Purbi Morang Yatayat, Bardiya Krishnashar Yatayat, Gramin Yatayat, Dhading Bheri Karnali Yatayat and others have since registered as a company. A total of 156 companies have been registered, with 34 others under process.