CPN-UML Chairperson KP Sharma Oli has been reappointed as the Prime Minister of Nepal.

The Office of President in a press statement on Thursday evening said that President Bidyadevi Bhandari had reappointed Oli as Prime Minister in his capacity as leader of the largest political party in the House of Representatives (HoR) as per Article 76(3) of the Constitution of Nepal.

President Bhandari is scheduled to administer the oath of office and secrecy to Oli amid a ceremony at Shital Niwas today afternoon.

The appointment comes shortly after the Office of President said that no two parties or more than two parties had come to lay claim over forming coalition government by the given deadline that expired at 9:00 PM on Thursday.

President Bhandari had earlier given a three-day deadline for opposition parties to come up with support of majority lawmakers in the parliament to form a majority government.

Bhandari had issued the deadline to opposition parties shortly after Prime Minister Oli failed to secure a vote of confidence in parliament on Monday.

Oli, meanwhile, is now required to win a vote of confidence at the House within 30 days of his appointment as the new prime minister, failing which, an attempt to form a government under Article 76 (5) would be initiated.

Article 76 (5) of the constitution states that if a Prime Minister appointed according to clause 76 (3) fails to receive a vote of confidence pursuant to clause 76 (4), the President shall appoint a member as Prime Minister, who produces bases that he/she may win the vote of confidence of the House of Representatives as provided for in clause (2).

Article 76 (2) states that if there is not a clear majority of any party according to clause (1), the President shall appoint as Prime Minister the member of the House of Representatives who can have the majority with the support of two or more political parties represented in the House of Representatives.

Similarly, 76 (3) states that if there is a situation wherein it is not possible to make the appointment of the Prime Minister as provided for in clause (2) within 30 days of the final result of the election of the House of Representatives, or if the appointed Prime Minister, as provided for in clause (4), fails to receive a vote of confidence, the President shall appoint the leader of the party with the highest number of members in the House of Representatives as the Prime Minister.

Article 76 (4) states that the Prime Minister appointed according to clause (2) or (3)shall have to receive the vote of confidence of the House of Representatives within30 days of his/her appointment.

Article 76 (6) states that the Prime Minister appointed according to clause (5) shall have to get the vote of confidence according to clause (4).

Article 76 (7) states that if the Prime Minister appointed according to clause (5) fails to get the vote of confidence or if any member fails to be appointed as Prime Minister, the President shall, on the recommendation of Prime Minister, dissolve the House of Representatives and fix a date to conduct another election within six months.

Article 76 (8)states that the procedure regarding the appointment of the Prime Minister shall have to be completed within 55 days after the post of the Prime Minister falls vacant, or the announcement of the final results of the election of the House of Representatives according to this Constitution.

Similarly, Article 76 (9) states that the President shall, on the recommendation of the Prime Minister, form a council of ministers consisting of members not exceeding twenty five in number from among the members of the Federal Parliament on the basis of the principle of inclusion.