Kumari Securities Pvt. Ltd., a pioneering force in Nepal’s financial landscape, has a rich history dating back to its establishment in the year 2053 B.S. (April 6, 1996 A.D.). Originally founded as a corporation, the firm has since evolved into a prominent stock brokerage entity with a strong presence in the market.
Under the regulatory umbrella of the Securities Board of Nepal (SEBON), Kumari Securities Pvt. Ltd. proudly holds a license to operate in the financial sector. Additionally, the firm boasts membership with the prestigious Nepal Stock Exchange Ltd. (NEPSE) and holds the esteemed designation of being a Clearing Member with the Central Depository System and Clearing Limited (CDSC).
Kumari Securities Private Limited stands as one of Nepal’s earliest and most renowned stock brokerage firms. As a licensed stockbroker recognized by the Securities Board Nepal, the company actively engages in broking services for a wide array of listed securities within NEPSE. This includes corporate shares, stocks, debentures, bonds, mutual fund units, and the development, operation, and enhancement of global markets.
A testament to its pioneering spirit, Kumari Securities is a founding member of the Nepal Stock Exchange Ltd. (NEPSE), actively participating in the market since its inception, even during the era of the “Open Out Cry System.” As the first recipient of a stockbroking license in Nepal, the firm proudly bears the Stock Broker Member Code No. 01. With its main office located in Kumari Marg, Dillibazar, Kathmandu-30, and a branch office at New Road in Pokhara, Kumari Securities maintains a robust presence to better serve its clientele.
Kumari Securities offers comprehensive securities and shares broking services, further complemented by its Depository Participant (DP) services through Nepal DP Limited, a publicly-traded entity promoted by the firm.
With over 23 years of active engagement in the Nepalese stock market, Kumari Securities Pvt. Ltd. has garnered a loyal clientele, both individual and institutional, owing to its unwavering commitment to delivering professional services. The firm’s dedication to information, technology, and knowledge underscores its ability to provide a diverse range of broking services, positioning it as a reliable partner for investors in Nepal and beyond.
As a longstanding institution in Nepal’s financial landscape, Kumari Securities Private Limited remains committed to its mission of contributing to the growth and development of the nation’s capital market while fostering enduring relationships with its valued clients.
Siprabi Securities, a pioneering force in the world of stock trading, holds the distinct honor of being a founding member of the Nepal Stock Exchange Limited. With the esteemed license granted by the Nepal Securities Board in 1994, we have embarked on a journey of innovation and excellence in the financial services sector.
At Siprabi Securities, we are driven by technology, and our core mission is to deliver cutting-edge broking services to our valued clientele. In line with our commitment to continuous improvement, we are on the cusp of launching margin lending services, further enhancing the array of offerings available to our clients. Moreover, we eagerly anticipate the imminent introduction of fully automated internet trading, revolutionizing the way our clients engage with the stock market.
While our current operations are centered in the vibrant Kathmandu Valley, our aspirations extend far beyond these boundaries. With the impending rollout of our advanced internet trading system, we aim to transcend geographical constraints and expand our footprint to other parts of Nepal and, ultimately, the global stage.
In terms of our client base, Siprabi Securities has garnered the trust of approximately 28,000 registered clients within our system. A significant milestone recently witnessed about 3,000 of them updating their Know Your Customer (KYC) information and actively placing orders under our new system. This underscores our dedication to maintaining a robust and engaged client community.
Over the past five years, Siprabi Securities has impressively managed NPR 21.33 billion in customer equity, a testament to our prudent and responsible approach to financial management. In addition, we have diligently overseen 22,944 active client accounts, ensuring that their investment objectives are met efficiently and effectively.
Our extensive two-decade journey in the industry has uniquely positioned us to fuse our wealth of broking business knowledge and expertise with the technology we offer to our clients. We firmly believe that the integration of technology is the key to enhancing client interaction and experience. As part of this commitment, we are excited to announce the forthcoming launch of our brokerage mobile application in the year 2076, further streamlining and modernizing our service offerings.
At Siprabi Securities, we are poised to continue our legacy of innovation, client-centricity, and technological advancement. We are honored to have played a pioneering role in the Nepalese stock market and look forward to serving our clients with even greater efficiency and convenience in the years to come.
Malla & Malla Stock Broking Co. Pvt. Ltd., designated as Broker No. 11, holds the distinction of being a Securities Board of Nepal-licensed stockbroker and a proud member of the Nepal Stock Exchange (NEPSE). Our journey began with a clear vision and a commitment to delivering exceptional brokering services to our valued clients.
Our inception dates back to the auspicious date of 2054-04-14 BS (1997-07-29 AD), when we were founded under the legal framework of company legislation. However, the roots of our organization trace back even further, as our esteemed Chairman, Mr. Parameshwar Bhakta Malla, initially established this company as an individual stockbroker on Poush 29, 2050 BS (13 Jan 1994 AD). This history underscores our deep-seated knowledge and experience in the realm of stock trading in Nepal.
In addition to our status as a stockbroker and NEPSE member, we proudly serve as a Clearing Member with CDS and Clearing Ltd (CDSC), further reinforcing our commitment to adherence to regulatory standards and best practices.
Our comprehensive suite of services encompasses brokerage services for all NEPSE-listed securities, ranging from corporate stocks to stock mutual fund units. Additionally, we extend Depositary Participants (DP) services through Nepal DP Limited, a publicly traded entity that we actively promote.
Throughout our remarkable journey spanning over 21 years, Malla & Malla Stock Broking Co. Pvt. Ltd. has been an active and dedicated participant in the Nepalese stock market. Our unwavering commitment to professionalism and excellence has been the cornerstone of our success, earning us a substantial number of satisfied individual clients.
As we look to the future, we remain committed to our mission of providing dedicated and top-notch professional services to our clients. Malla & Malla Stock Broking Co. Pvt. Ltd. is honored to have played a significant role in the evolution of Nepal’s stock market, and we look forward to continuing to serve our clients with dedication and excellence in the years to come.
Opal Securities is a collective of seasoned experts in the dynamic field of stock marketing. With a wealth of knowledge and experience at our disposal, Opal Securities proudly stands as your ultimate destination for securing substantial growth in your investments.
Our guiding philosophy is simple yet powerful: “The rich invest in time.” Therefore, we encourage our valued investors to embrace disciplined patience. By entrusting your investments to Opal Securities, you are laying the foundation for long-term wealth accumulation.
As a licensed organization regulated by SEBON, we prioritize the peace of mind of our clients. Rest assured that when you choose Opal Securities, you have the flexibility to withdraw your invested capital at any time you desire. Your financial goals and aspirations are at the forefront of our commitment, and we are dedicated to helping you achieve them, all while ensuring the security and growth of your investments.
Prudential Insurance had its 21st Annual General Meeting (AGM) on Chaitra 16, 2079, under the chairmanship of Mr. Vishal Agrawal.
Apart from standard financial reports, the AGM approved a taxation proposal of 3.325% bonus shares and 0.17% cash dividend. According to the media announcement, the company’s paid-up capital would increase to Rs 1.22 arba.
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.
The first eight months of Nepal’s fiscal year 2079/80’s foreign trade statistics have been released. According to government data released on Wednesday, Nepal’s trade deficit fell by 17.86 percent to Rs. 9.53 Kharba from Rs. 11.60 Kharba the previous year.
The trade deficit is the amount by which a country’s imports cost more than its exports.
One of the major causes of the national economy’s downturn is the trade deficit. Nepal has been experiencing an imbalance in import and export factors.
According to the Nepal Rastra Bank, inflation remained at 7.88 percent year on year. During the mentioned period, the gross foreign exchange reserves stood at USD 10.50 billion, while total imports and exports decreased by 19.9 percent and 29 percent, respectively, and the trade deficit decreased by 18.7 percent.
The outstanding concessional loan was Rs.210.96 billion as of mid-February 2023, with 148,295 borrowers. For selected commercial agriculture and livestock businesses, Rs.142.56 billion has been extended to 61,335 borrowers. Similarly, 84,105 women entrepreneurs have received loans totaling Rs.65.19 billion. A total of 2,855 borrowers have received concessional loans in other specified sector
On Falgun 14, 2079, Infinity Laghubitta held its sixth annual general meeting (AGM) for the fiscal year 2078–2079 under the direction of its chairman, Mr. Bala Ram Bista.
The AGM has approved the board’s request to distribute 20% bonus shares worth Rs 8.29 crore to its shareholders from the profit it had generated in the prior fiscal year, in addition to the usual financial reports.
According to a press release, the AGM also featured a leadership symposium for the firm’s staff, and the company also recognized its top performers.
Sabaiko Laghubitta Bittiya Sanstha Limited (SABSL) has scheduled its 6th Annual General Meeting on the 26th of Falgun, 2079. The conference would begin at 10 a.m. that day at the Marsyangdi River View Resort in Bandipur.
Among the other items on the agenda, the AGM will approve an 18.95% dividend of Rs. 5.11 crores for fiscal year 2078/79. On March 11, the board of directors resolved to disburse the dividend on the paid-up capital of Rs. 27 crores. Tax-free bonus shares of 18% and a cash dividend of 0.95% have been suggested. Thus, the bonus shares are worth little more than Rs. 4.86 crores, and the cash dividend is worth slightly more than Rs. 25.57 lakhs.
There is also a plan to approve the auditor’s report containing PL statements, financial reports, and cash flow reports for fiscal year 2078/79 and select an auditor for fiscal year 2079/80. During the meeting, the proposal to provide the Board of Directors authority to monitor any company-related merger or acquisition procedures will be adopted.
The book will be closed on February 14th. As a result, shareholders who held shares prior to that date are entitled to dividends and are welcome to attend this AGM.
NLG Insurance Company Limited (NLG) has released its second-quarter report for fiscal year 1979/80. The company reported a net profit of Rs 10.6 crore, compared to a net profit of Rs 11.4 crore in the same quarter last year. This quarter, NLG’s net profit increased by 3.63%.
The company’s paid-up capital is Rs.1.32 arba, which is a 10% increase over the previous year. The reserves and surplus were Rs 34.16 crore as compared to Rs 36.59 crore in the previous quarter. The company’s insurance fund is worth Rs. 1.20 Arba, and the contingent fund is worth Rs. 6.2 Crores.
Sikles Hydropower Limited (SIKLES) has posted a net profit of Rs. 6.27 Crores in the second quarter (Q2) of the current FY 2079/80.
The company reported a total income from power sales amounting to Rs. 19.33 crores in this quarter, and income from other sources amounting to Rs 5.26 Lakhs for the second quarter (Q2) for the Fiscal Year 2079/2080.
