KATHMANDU: The Ministry of Infrastructure Development has announced that the construction business licenses of 44 firms and companies have been automatically canceled after they failed to renew their licenses within the prescribed deadline.
In a notice, the ministry’s Construction Business Promotion Branch stated that under Section 5 (3) of the Construction Business Act, 1999, construction entrepreneurs were required to renew their licenses for the fiscal year 2025/26 by April 13. It said the licenses of the 44 construction entrepreneurs who did not renew within that period were automatically canceled.
The ministry said the licenses were canceled in accordance with Section 7 (3) of the same act.
According to the notice, the information was published in line with a secretary-level decision dated July 1 for the purpose of Section 7 (4) of the act.