Tag: line

  • The suspension of a broker license has resulted in the freezing of approximately Rs. 12 Arba in capital.

    The suspension of a broker license has resulted in the freezing of approximately Rs. 12 Arba in capital.


     

    One company applied for a stock dealer license in the previous seven months, while 45 companies applied for stock broker licenses. Nonetheless, all procedures had been halted as a result of the Supreme Court’s directive. Seven months later, the broker license has been suspended, resulting in the freezing of approximately Rs. 12 Arba in capital.

    SEBON’s revised Securities Market Operation Regulations 2064 and Securities Dealers Regulations 2064 begin the process of awarding new licenses. On Ashwin 2, 2079, the Securities Board issued a notice with a 30-day deadline to carry it out. As a result, 45 companies applied for stock broker licenses, while only one company applied for stock dealer license. Throughout the seven months

     

  • Chhyangdi Hydropower Company Limited has changed the right share rates from 150% to 100%.

    Chhyangdi Hydropower Company Limited has changed the right share rates from 150% to 100%.


    Chhyangdi Hydropower Company Limited has changed the right share rates from 150% to 100%.

    According to regulatory guidelines, the 93rd meeting of the board of directors of Chhyangdi Hydropower Company Ltd (CHL) convened on Tuesday Chaitra 21, 2079 agreed to issue 100% right shares on a paid-up capital of Rs. 38.67 Crores.

    Earlier, the business sought to issue right shares in the ratio of 150% of the paid-up capital, i.e. 1:1.5, after gaining regulatory permission. Yet, the decision was submitted for approval at the company’s annual general meeting.

  • NMB Bank’s “10.75% NMB Debenture 2089/90” is now available; minimum applications are for 25 units.

    NMB Bank’s “10.75% NMB Debenture 2089/90” is now available; minimum applications are for 25 units.


    NMB Bank Limited (NMB) is releasing 40,00,000 units of “10.75% NMB Debenture 2089/90″ to the general public and institutions today, Chaitra 21st.

     

    The debenture, which has maturity period of 10 years and coupon rate of 10.75%, is available for application from today to the 24th Chaitra, 2079. 
    If the issue is not fully subscribed, the deadline can be pushed back to Baisakh 5, 2080.

     

  • SEBON Plans to Launch Nabil Investment Banking’s New Mutual Fund Scheme “NI 31”

    SEBON Plans to Launch Nabil Investment Banking’s New Mutual Fund Scheme “NI 31”


     

    In the most recent list of mutual fund scheme pipeline status published by the Securities Exchange Board of Nepal (SEBON), “NI 31” has recently been added under preliminary review.

    The fund size for NI 31 will be Rs. 15 crores divided into 1.5 crore units with a par value of Rs.10 per unit. On Chaitra 16, the application was submitted to SEBON. The mutual fund scheme’s fund manager is Nabil Investment Banking Limited. Nabil Bank, on the other hand, is the scheme’s Fund Sponsor.

  • Siddhartha Bank’s Promoter Shares will being auctioned off starting today.

    Siddhartha Bank’s Promoter Shares will being auctioned off starting today.


    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.

  • Today’s gold price in Nepal has dropped by Rs 1000 per tola.

    Today’s gold price in Nepal has dropped by Rs 1000 per tola.


    Today’s gold price has dropped by Rs. 1000 per tola.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading at Rs. 108,000 per tola. Yesterday, the tariff remained unchanged at Rs. 109,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 107,500. In contrast, the cost was kept at Rs. 108,500 per tola yesterday.

    Silver has lost Rs. 5 per tola on the sidelines. The gleaming white gold is now trading in the local market at Rs. 1,355 per tola, down from yesterday’s closing cost of Rs. 1,360 per tola.

     

  • 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.

  • Modi Energy IPO closes today for Nepalese working abroad.

    Modi Energy IPO closes today for Nepalese working abroad.


    Modi Energy Limited is closing its IPO issue to Nepalese citizens working abroad today, 9th Chaitra, and has extended the IPO issue deadline for project-affected locals until 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 distributed to project-affected Parbat District residents. Meanwhile, 15% of the company’s outstanding capital, or 43,50,000 unit shares, will be made available to the general public later. This public offering, which will conclude today, has reserved 10% of the shares totalling 435,000 units for Nepali people working overseas.

  • Reminder! Janautthan Samudayic Laghubitta’s Proposed Dividend Deadline

    Reminder! Janautthan Samudayic Laghubitta’s Proposed Dividend Deadline


    This is the last day to get a dividend of 15.7895% suggested by Janautthan Samudayic Laghubitta Bittiya Sanstha Limited (JSLBB).

    The corporation has scheduled its 12th Annual General Meeting for Chaitra 26th, 2079. The conference will begin at 11 a.m. that day at the Hotel New Era in Butwal.

    Among the other items on the agenda, the AGM will approve a 15.7895% dividend of Rs. 2.33 crores for fiscal year 2078/79. The board of directors resolved on March 29 to distribute 15% bonus shares and 0.7895% cash dividend from the paid-up capital of Rs. 14.79 crores. As a result, the bonus shares are worth somewhat more than Rs. 2.21 crore, while the cash dividends are worth Rs. 11.67 lakhs.