Republic

The Communist Party of Nepal (Maoist) won the largest number of seats in the Constituent Assembly election held on April 10, 2008 and formed a coalition government which included most of the parties in the CA. Although acts of violence occurred during the pre-electoral period, election observers noted that the elections themselves were markedly peaceful and "well-carried out.
The newly elected Assembly met in Kathmandu on May 28, 2008, and, after a polling of 564 constituent Assembly members, 560 voted to end Nepal's 240 year old monarchy, with the monarchist Rastriya Prajatantra Party, which had four members in the assembly, registering a dissent note. At that point, it was declared that Nepal had become a secular and inclusive democratic republic, with the government announcing a three-day public holiday from May 28 to 30. The King was thereafter given 15 days to vacate the Narayanhiti Royal Palace, in order to re-open it as a public museum.
However, political tensions and consequent power-sharing battles have continued in Nepal. Only recently, the Maoist-led government was toppled and another coalition government with all major political parties barring the Maoists was formed. Madhav Kumar Nepal of the CPN(UML) was made the Prime Minister of the coalition government.