Sundhara Securities Limited is a distinguished stock brokerage firm holding the coveted status of a Licensed Broker Company, authorized by the vigilant oversight of the Securities Board of Nepal. The company’s journey began in the year 2064 when it was established as a public limited company, marking a significant milestone in Nepal’s financial landscape.
The commitment to transparency and compliance with regulatory norms was evident from the very beginning. Sundhara Securities Limited was officially registered with the Office of the Company Registrar on September 13, 2064, under registration number 1049/064/064. Furthermore, the company demonstrated its commitment to fiscal responsibility by registering with the Inland Revenue Department on September 16, 2064, obtaining the unique tax identification number 302781601.
The culmination of these efforts was the acquisition of a Securities Trading License from the Securities Board of Nepal, a pivotal moment in the firm’s trajectory, which occurred on 2068/05/09. This achievement symbolized Sundhara Securities Limited’s unwavering dedication to meeting and surpassing the regulatory requirements set forth by the governing authorities.
As a Licensed Broker Company, Sundhara Securities Limited continues to uphold its commitment to ethical business practices, regulatory compliance, and the provision of high-quality services to its esteemed clientele in Nepal’s dynamic stock market.
Linch Stock Market Ltd. is a dynamic limited-liability corporation that has firmly established its presence in Nepal’s financial landscape. This journey began on the 12th Paush 2064 when the company was officially registered at the Company Registrar’s Office in Tripureshwar, Kathmandu, Nepal. Linch Stock Market Ltd. bears the registration number 1051/064/065 and maintains its registered office in Kathmandu Metropolitan, Ward No 10, Kathmandu, Nepal. The company holds an Inland Revenue Department (IRD)-issued Permanent Account Number (PAN) 302831731, with its primary office situated in New Baneshwor, Kathmandu-10, Nepal, complemented by a branch office in Milanchowk, Butwal.
On the 9th Ashad 2068, the Securities Board of Nepal (SEBON) granted Linch Stock Market Ltd. a coveted stock brokerage license, enabling it to provide specialized stock brokerage services. Subsequently, on the 26th Ashad 2068, the Nepal Stock Exchange Limited (NEPSE) conferred upon the company broker membership number 41. Furthermore, CDS & Clearing Limited (CDSC) extended its support by granting Linch Stock Market Ltd. a clearing member license, facilitating the clearing and settlement of equities traded on stock exchanges through its members, including stock brokers.
Linch Stock Market Ltd. places a strong emphasis on fostering a dynamic and youthful workforce within the organization. This commitment is driven by the company’s vision of expanding its scope of operations and reshaping the landscape of stock trading services, all while infusing innovation and fresh perspectives.
In its pursuit of excellence, Linch Stock Market Ltd. offers a comprehensive suite of services, including brokerage and depositary participation (DP) services, all under one roof. This approach is designed to seamlessly meet the expectations and demands of our esteemed investors. The organization has diligently appointed capable personnel across various roles, ensuring the delivery of exceptional customer service at every touchpoint.
At its core, Linch Stock Market Ltd. is guided by a mission to provide the finest stock brokerage services to both individual and corporate investors. This unwavering dedication to excellence underscores the company’s commitment to empowering investors and facilitating their success in Nepal’s dynamic financial markets.
Dipshikha Dhitopatra Karobar Company Pvt. Ltd. (DDKC) stands as a prominent member of the Nepal Stock Exchange (NEPSE), holding the esteemed status of an authorized stockbroker with the stockbroker member code 38. In 2067 B.S., this distinction was granted by the Securities Board of Nepal (SEBON) in 2011 AD, solidifying DDKC’s position as one of the leading stockbroker members in the Nepalese stock market.
A Regulated Professional Brokerage Firm:
DDKC operates as a regulated and professional brokerage firm, specializing in the buying and selling of various financial assets, including government bonds and debentures, on behalf of both individual and institutional clients. This service is facilitated through the Nepal Stock Exchange Limited, with operations commencing since 2011 AD.
Expanding Presence and Services:
Headquartered in the vibrant locale of Anamnagar, Kathmandu, DDKC has established itself as a go-to provider of stockbroker and Depository Participant (DP) services for a diverse clientele. Moreover, the company has extended its reach with a branch office in Dhangadhi, serving the Far Western Region. DDKC has ambitious plans to further expand its brokerage network at various local levels in the near future, aligning with its commitment to accessibility.
Client-Centric Approach:
DDKC boasts an extensive client base, encompassing both the general public and institutional clients, allowing for efficient order coordination and execution. The company currently serves over 18,000 active DP clients and 25,000 active trading clients. With a goal to expand these numbers by 25% in 2018, DDKC’s commitment to growth is evident.
Modern and Well-Equipped Infrastructure:
One of the distinguishing features of DDKC is its modern and well-equipped physical facility. Spanning an impressive area of 2,500 square feet, the facility houses well-equipped departments and workstations to ensure efficient service delivery. The company takes pride in offering a well-appointed air-conditioned exhibition space, capable of accommodating a minimum of 100 individuals, complete with a projector to facilitate and educate general investors, further expanding its client base.
Financial Growth and Capital Expansion:
Established in 2064 BS with a paid-up capital of Rs. 5.1 million, DDKC has demonstrated remarkable growth. As of the end of Ashad 2074 BS, it boasts a total client account of 25,000 and a net value of Rs. 68.1 million. With a commitment to financial strength, the company’s management is diligently working towards raising the paid-up capital to Rs. 20 million by Paush 30, 2074 BS. Furthermore, there are plans to augment this capital even further, aiming to reach a significant milestone of $50 million by the conclusion of the fiscal year 2074/75.
In conclusion, Dipshikha Dhitopatra Karobar Company Pvt. Ltd. is an influential player in Nepal’s financial landscape. With a steadfast commitment to client satisfaction, a dedication to accessibility, and a strong focus on financial growth and expansion, DDKC is poised to continue shaping the future of stock trading in Nepal while nurturing enduring relationships with its valued clients.
Sagarmatha Securities Pvt. Ltd., a prominent member of the Nepal Stock Exchange and designated as stockbroker member code 18, stands as a beacon of excellence in the dynamic Nepalese stock market landscape.
Our firm is a registered professional brokerage entity, specializing in the purchase and sale of stocks and various securities, including government bonds and debentures. We extend our expert services to both individual and institutional clients, facilitating their transactions in exchange for a commission, all conducted through the esteemed Nepal Stock Exchange Limited (NEPSE).
Nestled in the bustling hub of Kalikamarg, Dillibazar, Kathmandu, our headquarters serves as the central nerve center of our stockbroker services. Sagarmatha Securities Pvt. Ltd. prides itself on catering to a diverse array of clients, encompassing not only the general public but also a substantial number of institutional clients. This diverse clientele allows us to efficiently coordinate and fulfill orders, ensuring a seamless trading experience for all.
At Sagarmatha Securities, our commitment to client satisfaction is paramount. Currently, we boast a robust clientele base, with over 18,000 active DP (Depository Participant) clients and 25,000 active Trading clients. In line with our mission for growth and expansion, we have set ambitious goals for 2018, aiming to increase these numbers by an impressive 25%.
One of the distinctive features of our organization is our physical facility. Spread across an expansive 2,500 square feet, our headquarters is equipped with well-structured departments and modern workstations. Additionally, our air-conditioned display hall boasts a minimum seating capacity of 100, complemented by a state-of-the-art projector. This setup is designed to facilitate not only seasoned investors but also to provide valuable insights to novice investors, thereby expanding our client base and contributing to the growth of the Nepalese stock market.
At Sagarmatha Securities Pvt. Ltd., we are committed to maintaining our position as a leading stockbroker member of NEPSE and providing exceptional service to our valued clients. Your financial success is our priority, and we look forward to serving your investment needs with professionalism and dedication.
The Inland Revenue Department (IRD) faced a shortfall in revenue collection for the last fiscal year, collecting a total of Rs. 4 Kharba 80 Arba. This amount fell 23 percent below the target set at Rs. 6 Kharba 26 Arba. Furthermore, the revenue collected was Rs. 3 Arba less than the previous year’s collection (2078/79).
Throughout the fiscal year, the department struggled to meet its revenue targets. Even in the month of Ashad, revenue collection fell short compared to the previous year, with only Rs. 72 Arba collected as opposed to the previous year’s Rs. 73 Arba.
By the end of Jestha, the department had collected Rs. 4 Kharba 8 Arba, falling short by Rs. 2 Arba compared to the previous fiscal year. Despite this, it was significantly below the revenue target set for the year.
The lower revenue collection was primarily attributed to reduced earnings from banks, financial institutions, alcohol, and automobile dealers compared to the previous year. The department faced challenges in meeting revenue targets since the month of Shrawan, with each subsequent month falling short of the set targets.
For instance, in Poush, the department collected only Rs. 71.31 Arba, which was far below the target of Rs. 1 Kharba 6 Arba. Similarly, in Chaitra, the collection amounted to only Rs. 55.2 Arba, while the target was set at Rs. 83.75 Arba.
Overall, the Inland Revenue Department managed to collect approximately 77 percent of the targeted revenue, resulting in a shortfall of Rs. 3 Arba compared to the previous fiscal year’s collection.
The Department of Tourism (DoT) in Nepal has achieved a significant milestone by generating royalty of NRs. 66.64 crores through the issuance of expedition permits for Mt. Everest, the highest mountain in the world. As of May 14, 2023, during the ongoing Spring expedition season, a total of 478 expedition permits have been issued for Sagarmatha (Mt. Everest). This translates to 47 teams, consisting of 376 male climbers and 102 female climbers, who have obtained permits to ascend the majestic peak, towering at an elevation of 8,848.86 meters.
Similarly, for Mt. Lhotse, the fourth-highest mountain globally with an elevation of 8,516 meters, the DoT has issued 156 individual expedition permits. Among them, 17 teams comprising of 116 male climbers and 40 female climbers have been granted the permits to scale this challenging peak. Through the issuance of scaling permits for Mt. Lhotse, the Department has collected a revenue of NRs. 3.53 crores.
Additionally, eight teams consisting of 79 individuals, including 62 males and 17 females, will endeavor to conquer Ama Dablam, a mountain standing at 6,814 meters. The DoT has collected a royalty of NRs. 41.39 lakhs through the issuance of expedition permits for Ama Dablam.
For Annapurna I, the tenth highest mountain globally, standing tall at 8,901 meters, a total of five teams have obtained permits to attempt the summit. These teams comprise 38 male climbers and 16 female climbers. As of May 14, 2023, the revenue accumulated from the permits for Annapurna I amounts to NRs. 1.04 crores.
As of the same date, May 14, 2023, the Department of Tourism has issued a total of 1,176 expedition permits for 28 different peaks in Nepal. This diverse range of permits has contributed to a significant revenue of NRs. 76.57 crore for the Department.
You need to renew your driving license in Nepal every 5 years and it can be done through any Transport Management office.
Even though there are only a few steps to license renewal in Nepal, it almost takes 2 to 3 hours.
As offices are closed on weekends and so is the DOTM Nepal most of us need to take half a day or take leave from work just to renew our license.
This is also one of the main reasons why people get fined and have to pay late renewal fees.
Service
Driving License Renewal in Nepal
Issued By
Department of Transport Management
Validity
5 Years
Renewal Fee
Rs 1500
Fine After
90 days or more
Payment Methods
Cash
Application Mode
Offline
Official website
https://www.dotm.gov.np/
To renew your driving license in Nepal you will need to visit the Department of Transport Management office and follow the process below.
Receive token and EDL print
Provide Biometrics
Pass medical checkup
Calculate your fees
Payment
Receive receipt (Wait for license print)
As you already know Nepal has started implementing smart driving licenses including an option to upgrade for existing license holders.
This has hugely impacted DOTM’s printing and distribution timing, some are still waiting for their license after a year, so you might have to wait a little longer to receive your driver’s license.
But you will receive a receipt that can be used as a replacement until you receive your original renewed license.
Documents required to renew a driving license are
Citizenship original and photocopy
License original and photocopy
Step-by-Step Guide process to renew License in Nepal 2023
1. Receive token and EDL print
The first step is to take a token number for your license renewal, this is the waiting list. And receive your EDL print (license information) from room 101.
The room number might be different for different cities and offices.
2. Provide Biometrics
The second step is to give or verify your digital biometrics, if you have given your biometrics to DOTM then they will verify your digital fingerprint and if your information matches. You will be sent to the next step.
3. Medical checkup
The third step is to pass your medical, which is usually an eyesight and color blindness test. They will check if you can see properly or not.
If you fail this test then you might need to wear glasses and come back later.
4. Calculate your license fees
The fourth step is to calculate how much you need to pay to renew your license. This depends on your license type and if you are paying on time or not.
If you have to pay for renewal before 90 days of expiry then you do not have to pay a fine but if this exceeds then you will be fined. Check the table below for fines and fees.
5. Payment
The fifth step is to pay your fees, you need to fill out a bank voucher and deposit it.
6. Receive a receipt
After paying you need to wait for the receipt. After it is ready they will call you by name and give it to you.
You will receive two receipts. One is payment and the other (Pink) can be used as a license.
After this, you can go home, and to check your license print status you can check their official website.
About License Renewal fees in Nepal
The Department of Transport Management charges renewal fees to all Nepalese license holders after the expiry date.
As of 2023 Driving license renewal charges in Nepal start from Rs 1500 for two-wheelers, 2000 for small vehicles such as Cars and Jeeps, 2500 for heavy vehicles, and the highest will be Rs 3000.
These renewal fees are divided into categories of vehicles see the image below for more information.
How much is the fine for an expired license in Nepal?
The validity of your license in Nepal is of 5 years only and if you want to keep using it then you need to renew it accordingly.
If you fail to renew your license on time then you will have to pay a fine as high as 500% plus your actual renewal fees.
If you fail to renew your license within 90 days of expiry, you will be charged 100% until the first year and will keep on adding 100% as the year passes by.
How much is the fine for an expired license in Nepal?
You need to pay a fine of 100% to 500% in Nepal if you fail to renew your license on time.
After how many months will I have to pay fines for an expired license in Nepal?
The Department of Transport Management starts charging fines for driver’s licenses after 3 months or 90 days of their expiry.
Frequently Asked Questions on License Renewal
How much does it cost to renew a license in Nepal in 2023?
The entry fee for renewing a license in Nepal is Rs 1500, excluding other charges such as photocopies, photos, stamps, and application charges.
The cost of renewal depends on what type of license you own such as Bike, Car, and Big vehicle.
What happens if a driving license is expired?
If your license is expired, then you cannot drive in public spaces. Unless you renew your license and pay the government the renewal fee. Also if you are caught driving without a license then you will be fined and might get other punishments as well.
How to renew a driving license in Nepal?
Visit DOTM and follow the steps below to renew a license in Nepal.
1. Receive token and EDL print
2. Provide Biometrics
3. Pass medical checkup
4. Calculate your fees
5. Payment
6. Receive receipt (Wait for license print)
Can I renew my driving license online in Nepal?
Yes, you can renew your driving license online, visit the DOTM’s official website dotm.gov.np for more information and the application process.
Where can I renew my license in Kathmandu?
You can renew your license from The Department of Transport Management office in Kathmandu.
Where can I renew my license in Pokhara?
You can renew your Driving license from DOTM which is located in the Transport Management Office: Driving License, Prithivi Chowk, Pokhara
Do I need to pay fines for an expired license in Nepal?
You have 3 months or 90 days after your license expires, after this period you will be fined 100% for the first year.
What is the maximum validity of a license in Nepal?
In Nepal, the maximum validity of a Driving License in Nepal is of 5 years.
What document do I need to renew my license in Nepal?
Documents you need to renew your license in Nepal are a citizenship certificate, an expired driving license, and photographs.
Can I renew my license early in Nepal?
Yes, you can renew your driving license early in Nepal.
How to check the status of driving license renewal in Nepal
It is easy to check the status of your license, you can check it on your driver’s license. It has all the information including the expiry date.
How to renew a driving license that has expired more than 90 days in Nepal
You can renew your driving license as usual but as it has exceeded more than 90 days, you will be charged a 100% fine for it.
