Tag: IFIC

  • Today is the last day to apply for a Modification of the Issue of the Day

    Today is the last day to apply for a Modification of the Issue of the Day


    Modi Energy Limited is closing the issue of 29,00,000 units of IPO shares to the project-affected locals today i.e. on 16th Chaitra 2079. The problem had begun on the 25th of Falgun, 2079.

    The company’s issued capital is Rs. 2.9 Arba, of which 10%, or 29,00,000 unit shares worth Rs. 29 crores, have been allocated to project-affected Parbat District residents. Meanwhile, 15% of the company’s issued capital, or 43,50,000 unit shares, will be made available to the general public later. This public issue, which closed on the 9th Chaitra, allocated 10% of the shares totaling 435,000 units to Nepalese citizens working abroad.

     

  • How to Renew Driving License in Nepal

    How to Renew Driving License in Nepal


    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.

    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)

    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

    1. Citizenship original and photocopy
    2. 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.

  • The NEPSE is down 30.77 points, with an intraday turnover of Rs 1.392 crore.

    The NEPSE is down 30.77 points, with an intraday turnover of Rs 1.392 crore.


    The NEPSE index finished at 1,938.25 today, down 30.77 points from the previous trading day’s close. This is a 1.56% decrease. Last Thursday, the index dropped 26.48 points.

    The index began today at 1,967.49 and reached an intraday high of 1,975.93. While it dropped as low as 1,935.21, it eventually closed at 1,938.25.

    Through 30,903 transactions, 259 scrips changed hands. A total of 3,832,459 shares were traded, totaling Rs. 1.392 Arba in turnover. This is significantly more than the previous day’s turnover of Rs. 1.336 Arba.

  • Global IME Bank’s “11.25% Global IME Bank Debenture 2084/85” will close today & applications for a minimum of 25 units can be submitted.

    Global IME Bank’s “11.25% Global IME Bank Debenture 2084/85” will close today & applications for a minimum of 25 units can be submitted.


    Global IME Bank Ltd will close the public issuance of the “11.25% Global IME Bank Debenture 2084/85” today, February 5th.

    The issue had begun on the 29th of Magh and was scheduled to end on the 3rd of Falgun. Nevertheless, the bank earlier declared in a notification that the deadline will be extended until February 14, although the subscription would expire as soon as it is subscribed. Because the offering is now oversubscribed, the business will shut it today till the end of banking hours.

    50 lakh units would be issued at a par value of Rs.1000 each. 30 lakh units of the overall offer will be subscribed through private placement, while the remaining 20 lakh shares totaling Rs. 2 Arba are eligible for public issuance, with 5% reserved for mutual funds. The offering would generate a total of Rs 5 arba.

    Sunrise Capital Ltd has been named the issue manager. Investors can apply for as little as 25 units and as many as 100,000 units.

    The “11.25% Global IME Bank Debenture 2084/85” has a maturity duration of 5 years and will provide unit holders with 11.25% annual yields until the date of maturity.