Tag: Address

  • Asian Life Insurance Plans 42% Right Shares Post Bonus Adjustment for Capital Needs

    Asian Life Insurance Plans 42% Right Shares Post Bonus Adjustment for Capital Needs


     

    Asian Life Insurance Company Limited (ALICL) has decided to issue 42% right shares after adjustments, as confirmed in their Board of Directors meeting on Friday, Magh 19. This adjustment takes into account the allocation of 7.75% bonus shares from the current paid-up capital of Rs. 3.15 Arba. With the inclusion of bonus shares, the enhanced paid-up capital will amount to Rs. 3.39 Crores.

    In the 188th board meeting on Magh 12, ALICL’s directors proposed the distribution of 7.75% bonus shares valued at Rs. 24.45 crores. Additionally, a 0.4078% cash dividend, intended for tax purposes, will be disbursed, totaling slightly over Rs. 1.28 crores.

     

  • A Parliamentary Committee implements proactive measures to rectify irregularities in IPO premiums, lock-in periods, and enhance transparency in the stock market

    A Parliamentary Committee implements proactive measures to rectify irregularities in IPO premiums, lock-in periods, and enhance transparency in the stock market


    In a recent parliamentary committee meeting, concerns were raised about life insurance companies issuing IPO shares at premium prices, potentially above standard values. Allegations of improper premium approvals prompted an investigation into possible misconduct and misuse of authority. Here are the key directives issued by the committee after discussions with relevant authorities:

    1. The absence of Mr. Ramesh Kumar Hamal, Chairman of the Securities Board of Nepal, in the meeting raised concerns. The committee instructs the Commission for Investigation of Abuse Of Authority to investigate the financial transactions and practices of the Chairman within 30 days.
    2. The committee emphasizes transparency in regulations governing share issuance by companies. Immediate steps include the publication of regulations, amendments in the Nepal Gazette, and measures to prevent undue influence on investors.
    3. The committee directs the Securities Board of Nepal (SEBON) to adopt the Book Building process to address concerns about companies issuing IPOs at premium prices.
    4. The committee urges the Nepal Insurance Authority to rectify conflicts between the Insurance Act and the Banking and Financial Institutions Act regarding share prices for insurance companies.
    5. The committee suggests creating new laws to regulate the Company Registrar effectively and calls for government action.
    6. Recognizing challenges with the three-year lock-in period for promoter shareholders in hydropower projects, the committee instructs SEBON to intervene strategically to manage one-third of shares held by promoters.
    7. The committee urges the Ministry of Finance, SEBON, and the Nepal Insurance Authority to expand the scope of the Nepalese stock market, including instruments like debentures, bonds, and green bonds.
    8. The committee directs the Ministry of Finance, the Company Registrar’s Office, and SEBON to initiate the process for large companies with over Rs. 5 Arba in capital to become public companies within a year.
    9. The committee investigates whether companies issuing premium shares in the past three years set reasonable prices and instructs the Commission for Investigation of Abuse Of Authority to take legal action if wrongdoing is found.
    10. To address issues with life insurance premiums, the committee suggests imposing a minimal handling fee on surrendered policies and directs the Nepal Insurance Authority to submit information within three months.
    11. The committee announces that the next meeting will be scheduled after receiving relevant information on the outlined directives.
  • “Ngadi Group Power Limited Proposes 100% Rights Shares for Shareholders to Address Funding Requirements”

    “Ngadi Group Power Limited Proposes 100% Rights Shares for Shareholders to Address Funding Requirements”


    Ngadi Group Power Limited (NGPL) has proposed to offer 100% rights shares to its existing shareholders. The proposal was made during a recent Board of Directors meeting.

    NGPL’s Siurikhola Small Hydropower Project, located in Lamjung District, Gandaki Province, with a capacity of 4.95 MW, has been performing well due to regular maintenance. However, additional funds are needed to maintain existing projects, settle payments, invest in new projects, attract investments, create jobs, and increase national capital.

    To address this funding requirement, NGPL aims to issue rights shares in a 1:1 ratio to its current shareholders. This will increase the company’s paid-up capital from Rs. 1.85 Arba to Rs. 3.7 Arba.

    Approval from the Electricity Regulatory Commission and subsequent endorsement at the Annual General Meeting (AGM) are necessary for the issuance of the rights shares.

    NGPL had previously issued 150% rights shares to its shareholders.

    As of July 02, NGPL shares were trading at Rs. 241.

  • Investors Association Demands SEBON Address Ten Major Issues

    Investors Association Demands SEBON Address Ten Major Issues


     

    The Investors’ Association has focused significant attention on the financial and psychological effects of the stock market on regular investors, which have been steadily declining for a long time.

    Despite the fact that over 55 lakh investors lost a total of nearly Rs. 15 Kharba following the all-time high market capitalization on August 18, 2021, the relevant authorities have remained silent on the subject.

  • What is the Internet of Things (IoT)?

    What is the Internet of Things (IoT)?


    You’ve already heard of smart devices, autonomous robots, and self-driving cars in some form or another. They are undoubtedly innovative, but they aren’t as clever as they seem. The biggest drawback of these smart devices is their limited ability to communicate with the outside world. A car can drive itself and avoid external obstacles, but it can’t decide when to pick you up or what kind of music you want to listen to based on how your day went at work.

    Consider how useful it would be if your wearable fitness devices could monitor your heart rate and the number of steps you’ve taken during the day, and then use the data to recommend workout plans that are specific to you. A system that uses an app to monitor statistics for future training and recommends diet plans. Isn’t that awesome? That, then, is the real-world application of IoT. Continue reading to learn more about IoT.

    What is IoT?

    In the internet of things, all devices are linked by a unique identifier known as an IP address. These smart devices are also equipped with sensors. They use their own sensors to collect data from the environment, and they work closely with other devices to do so. After that, the data is sent to central servers. The servers then store, evaluate, and process the data before sending instructions to the system to perform a particular task under certain conditions.

    Implications of IoT

    IoT can be applied to almost every aspect of human life. They can be used in healthcare, where data from IoT devices can help doctors determine the best treatment plan for their patients. It can also be used to avoid the disease by tracking it continuously. In the same way, it can be used in industries to power manufacturing devices and various types of equipment. In addition, IOT can be used in education to enable students to collect learning materials. They also allow teachers to monitor their students’ progress in real time. In this way, the Internet of Things plays an important part in our daily lives.

  • 10 Best Online Data Entry Jobs You Can Do During Lockdown

    10 Best Online Data Entry Jobs You Can Do During Lockdown


    Everyone is looking for online data entry employment during the COVID-19 lockout days. Because they save money and help employees work more efficiently, businesses have resorted to freelance and online workers for assistance. Finances is one area where this favorable position has resulted in growth and flexibility for both individuals and employers.

    Organizations’ decisions during the COVID-19 lockdown can help them save money on infrastructure and operations. Many established jobs now offer greater pay scales online when compared to in-house work.

    Furthermore, due to their limited application in many industries, many internet data entry jobs are now outsourced and contracted. New developments, on the other hand, are now making a lot of job available online and for the right applicants in every area.

    Top Online Data Entry Jobs During COVID-19 Lockdown

    The following is a list of online data entry jobs that pay well and come in large quantities:

    1. PDF to Word Conversion Jobs:

    Good communication and language abilities are required for this type of work. Filling out excel sheets or a word document is a good idea. Furthermore, you must read and convert content from a PDF file to a Word document. There are many other translation doplusents accessible. In the same industry, there are numerous sub-jobs to choose from.

    2. Writing, Editing, and Proofreading Jobs:

    Some of the basic credentials for this type of work are excellent language skills, including but not limited to English. This procedure begins with the, which might lead to proofreading and, finally, editing work. Additionally, academic language skills are ideal for this type of work. In the industry, there are also unique assignments accessible. Focus on narrative formats as well, which have a lot of potential in the film and media industries.

    3. Online Survey Jobs:

    Taking an online survey is a simple and enjoyable method to earn money. This profession comprises filling out a survey after collecting feedback on their products and services. Many websites will compensate you if you complete an online survey. You can earn up to $300 depending on how many studies you complete in a month or week.

    4. Form Filling Jobs:

    The remuneration for this type of work is more than for a regular writing job. Separate chunks of data will be given to you to enter the value from a database into each field in the form. Because any incorrect entry will result in false data, this work needs great attention to detail.

    5. Captcha Entry Jobs:

    Captcha entry jobs allow you to enter captcha image numbers, alphanumeric data, and image texts into a spreadsheet or doplusent. You’ll also have to solve hundreds of captcha images every day. It’s a less complicated and more interesting job than the others on the list.

    6. Payroll Data Entry Operator:

    The majority of this job’s work is outsourced online due to the extensive use of internet recruiting software. Searching for candidates, entering candidate information and allowances, and receiving a list of candidates who have been shortlisted are just a few of the jobs available. The compensation for this work role is low at first (for newcomers), however the industry has a strong rate of growth.

    7. EMail Processor:

    This is a well-paying and creative work opportunity! You concentrate on e-mail delivery every day. Hundreds of e-mails are forwarded to different addresses. You’ll be in charge of tracking down the information and constructing a spreadsheet.

    8. Transcription work: Transcription work entails converting audio to text. You’ll be given a phrase to memorize, which could be an audio file or a live performance. This type of data entry job typically requires additional skills and is conducted by medical experts. You can easily earn $50 each hour of audio transcription, which takes four to five hours depending on the file’s difficulty.

    9. Word Processor:

    This job entails entering data that will be utilized to create mailing labels, letters, and reports, among other things. Strong communication skills, as well as knowledge of punctuation, spelling, and grammar, are required. You may also be expected to use technical and statistical data to create tables, graphs, and charts.

    10. Converting Files:

    Finally, converting files from one format to another is a variation on data input labor in general. Among other things, you’ll be asked to convert an audio file or an image to PDF or Word format.

    With the advancement of digital technology, online data entry jobs with proper pay scales are now available in practically every industry. The majority of it is also available on job boards online. Data entry jobs online are an excellent method to broaden your network, boost your profession, and protect your financial future.

    These online occupations offer several benefits, and we strongly encourage you to explore them, especially during this shutdown period!