Govt scraps licenses of 33 construction companies

The government has scrapped licenses of 33 construction companies. Issuing a notice today, the Construction Business Promotion Branch of the Ministry said the licenses of these companies were scrapped automatically as per the Clause 7 (3) of the Construction Business Act-2055 after the construction companies did not renew their licenses for fiscal year 2079/80. The Ministry had urged contractors to renew their licenses within April 13 for the fiscal year 2079/80.

The government scrapped the licenses of the construction companied after they did not renew within the deadline.