NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has scheduled its 5th Annual General Meeting for 10th Baisakh, 2080. The meeting will begin at 9 a.m. that day in Hotel Gajur Palace – Hotel in Dharan, Sunsari.
Among the other items on the agenda, the AGM will approve a 14.75% cash dividend for fiscal year 2078/79. The board of directors decided to pay out the entire dividend in cash at their meeting on Falgun 21. Because the company’s paid-up capital is Rs. 1,73,94,40,000, the cash dividend is worth slightly more than Rs. 25,65,67,400.
From today, 14th Chaitra, 2079, the promoter shareholder of Siddhartha Bank Limited (SBL) is auctioning 114,813 units of shares to existing promoter owners.
SBL unit promoter shares worth 114,813 will be auctioned off. Only existing promoters are entitled to bid on the auction within 35 days after its publication, on the 14th Chaitra. Shareholders should submit their bids to the bank’s headquarters office in Hattisar, Kathmandu.
If no offers are received from existing founding owners by the deadline, the shares will be auctioned off to the general public.
From today (14th Chaitra), Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) is delivering 3.26% cash dividends straight to its shareholders’ bank accounts and has asked them to dematerialize their shares.
On Chaitra 10, 2079, the firm had its 21st AGM for the fiscal year 2078/79. The board of directors approved a 25.26% dividend for fiscal year 2078/79. The 282nd meeting of the board of directors, held on Poush 27, resolved to give a dividend of Rs. 2.32 Arba on the paid-up capital. There was a proposal for 22% bonus shares worth Rs 51.13 crores and a 3.26% cash dividend (including tax) of Rs 7.57 crore. The same cash dividend is now paid out.
Furthermore, the corporation has asked owners to dematerialize their shares if their bank information has not been updated.
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.
Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has paid a cash dividend of 11.052632% to shareholders’ bank accounts and urged them to dematerialize their shares.
On Falgun 30, 2079, the company held its 21st AGM for the fiscal year 2078/79. The board of directors approved a 21.052632% dividend of Rs. 29.21 crores for fiscal year 2078/79. The 325th meeting of the board of directors, held on Poush 25, decided to distribute a dividend of Rs. 1.38 Arba on the paid-up capital. 10% bonus shares worth Rs. 13.87 crores and a cash dividend of 11.052632% worth Rs. 15.33 crores were proposed. The same cash dividend is now being paid out.
Prime Life Insurance Company Limited (PLIC) has announced a change in its promoter to public shareholding ratio.
On the 24th Poush, 2079, the company held its 15th AGM. The AGM approved the board’s proposal to change the promoter/public share ratio of the company from 60:40 to 51:49. The company has now informed that if any of the shareholders are unwilling to convert their ownership of the founder shares into a public group, they should make a self-declaration to the company’s corporate office in Hattisar, Kathmandu, within 7 days of the date of publication of this notice.
The deadline for the sale of 2,96,000 units of promoter share has been extended till Chaitra 6, 2079, according to Kumari Bank Limited (KBL).
KBL’s existing promoters have started auctioning off their 2,96,000 unit promoter stake. The auction began on the 16th of Falgun and was scheduled to end tomorrow, on the 30th of Falgun, 2079. Nevertheless, because the auction organizer received insufficient applications, the sale has been extended until Chaitra 6.
Individual investors, businesses, and institutions can all bid in an auction. The minimum bid is Rs. 119. The promoters’ shares have a minimum bid quantity of 10,000 units. Although bidders may bid for the full issue, they must follow the Nepal Rastra Bank’s guideline not to bid more than once.
Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMFcurrent )’s promoters are auctioning off 2,28,295 shares to promoter owners beginning today, 17th Falgun, 2079.
SWMF unit promoter shares worth $2,28,295 will be auctioned off. Only existing promoters are able to bid on the auction within 35 days of its release, on the 17th of Falgun. Shareholders should submit their bids to the company’s headquarters office in Imadol, Kathmandu.
From the 11th to the 15th of Falgun, 2079, Aatmanirbhar Laghubitta Bittiya Sanstha Limited issued 169,755 units of shares worth Rs. 1.69 crores to the general public as part of their Initial Public Offering (IPO).
The company’s issued capital is Rs. 6.23 crores, of which 32.625%, or 203,380 unit shares worth Rs. 2.03 crores, have been set aside for the general public. Out of the total 203,380 units, 10%, or 20,388 units, were set aside for Nepalese citizens working abroad, while 1.5326%, or 3,117 units, were set aside for company employees, and 5%, or 10,170 units, were set aside for mutual funds. The remaining 169,755 units were made available to the general public.
Radhi Bidyut Company Limited (RADHI) has launched 7,59,990.842 unit bonus shares on NEPSE.
The company’s AGM, held on Poush 28, 2079, approved a 5% dividend for fiscal year 2078/79. The board of directors of the firm met on the 5th of Poush 2079 and suggested a 5% dividend from the paid-up capital. The firm has a paid-up capital of Rs. 1.59 Arba. A cash dividend of 0.25% (including tax) and 4.75% bonus shares were proposed. NEPSE now lists the same bonus shares.
Yesterday, RADHI closed at Rs. 262.10.
Similarly, Himalayan Bank Limited (HBL) has launched 1,03,74,980.58 unit bonus shares on NEPSE.
The company’s 30th AGM, held on Poush 28, 2079, approved a 19.11% dividend for fiscal year 2078/79. On Poush 05, the 427th board of directors meeting resolved to disburse the dividend on paid-up capital. Bonus shares worth 11.11% and cash dividends of 8% were suggested.
NEPSE now lists the same bonus shares. HBL’s LTP is Rs. 285.
Himalayan Bank Limited (HBL) and Civil Bank Limited (CBL) have finalized their merger, and the combined operation will commence on Falgun 12 under the name “Himalayan Bank Limited.” The business signed a merger agreement with a swap ratio of 100: 80.28.
Asian Hydropower Limited issued 697,200 units of shares worth Rs. 6.97 crores to the general public as a part of their Initial Public Offering (IPO) from 27th Magh till 3rd Falgun, 2079.
Out of the total 840,000 units; 10% i.e. 84,000 units have already been issued and allotted to Nepalese citizens working abroad, whereas 2% i.e 16,800 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 42,000 units have been set aside for the mutual funds. The remaining 6,97,200 units are for the general public. The paid-up capital of the company will reach Rs. 34 Crores after the IPO issuance. The company intends to collect Rs 6.97 crore from this IPO.
Shuvam Power Limited (SHUVAM) offered 481,882 units of shares valued at Rs. 4.81 crores to the general public as part of their Initial Public Offering (IPO) from the 18th to the 22nd of March, 2079.
Out of the entire 580,580 units, 10%, or 58,058 units, have already been issued and assigned to Nepalese people working abroad, 2%, or 11,610 units, have been put aside for the company’s workers, and 5%, or 29,030 units, have been set aside for mutual funds. The remaining 481,882 units were made available to the general public. Following the IPO, the company’s paid-up capital will exceed Rs. 20 crores.
