Pragyan Securities Pvt. Ltd. (PS) embarked on its journey in the financial landscape of Nepal with a significant milestone. Registered with the Nepalese government’s Ministry of Industry’s Office of Company Registrar on November 6, 1995, the firm’s official operations commenced on January 23, 1997. This commencement followed the acquisition of a prestigious license from both the Securities Board of Nepal and the Nepal Stock Exchange, solidifying its position as the 10th broker in the country.
A Nepalese Private Limited Corporation:
PS proudly stands as a Nepalese private limited corporation, embodying the essence of homegrown financial expertise. Renowned for its exceptional performance, the firm boasts an impressive annual turnover exceeding $7 billion, establishing itself as Nepal’s most profitable broker. Additionally, it holds the distinction of being the first brokerage firm to pioneer online stock trading, a testament to its forward-thinking approach.
Commitment to Compliance and Governance:
Guided by the principles of integrity and transparency, PS diligently adheres to the recommendations and directives set forth by Nepal’s security board and the Nepal Stock Exchange. This unwavering commitment underscores its dedication to corporate governance and the application of industry best practices.
Client-Centric Approach:
At the heart of PS’s mission lies a deep commitment to its clients. Placing the needs of clients at the forefront of its operations, the firm is dedicated to providing prompt, efficient, and effective service. PS understands that the financial well-being of its clients hinges on the quality of service it delivers, a responsibility it takes seriously. The team at PS is equipped with the skills and expertise necessary to navigate the complexities of the financial markets on behalf of its clients.
Building Long-Term Relationships:
PS firmly believes in fostering enduring and mutually beneficial relationships with its clients. It recognizes that trust is the cornerstone of these relationships and is committed to consistently delivering on its promises. This client-centric philosophy has been instrumental in establishing PS as a trusted partner in the financial success of its clients.
In conclusion, Pragyan Securities Pvt. Ltd. stands as a beacon of excellence in Nepal’s financial landscape. With a rich history, a commitment to compliance and governance, and an unwavering dedication to client satisfaction, the firm continues to shape the future of stock trading in Nepal. PS’s legacy is one of innovation, integrity, and putting clients first, ensuring that their financial well-being remains the top priority.
Imperial Securities Company Pvt. Ltd., a distinguished stockbroking and wealth management institution nestled in the heart of Kathmandu’s Anamnagar locality, has been a beacon of excellence since its inception in 2011. Our firm has cultivated a unique niche in the financial sector, focusing primarily on retail-centered stock trading strategies, and providing state-of-the-art trading tools and expert guidance to a diverse clientele.
As a testament to our commitment to professionalism and regulatory compliance, Imperial Securities Company Pvt. Ltd. proudly holds membership with the Nepal Stock Exchange Limited (NEPSE) and bears the esteemed distinction of being an authorized Depository Participant (DP) accredited by the Central Depository System and Clearing Limited (CDSC). Within our home market, we have solidified our standing as one of the most reputable and renowned stockbroking firms.
True to our name, Imperial Securities Company Pvt. Ltd. stands as a symbol of dependability and professional acumen. We place an unwavering emphasis on ensuring our clients’ satisfaction by delivering superior services, marked by reliability and precision.
In response to the issuance of a Letter of Intent by the Securities Board of Nepal (SEBON), Imperial Securities Company Pvt. Ltd. took proactive measures to establish the requisite infrastructure, aligning with the regulatory standards set forth by the governing authority. This proactive approach enabled us to commence offering stockbroking services to our valued clients, all while adhering rigorously to the stringent regulatory requirements stipulated by SEBON.
At Imperial Securities Company Pvt. Ltd., we are steadfast in our commitment to serving our clients with the utmost professionalism and dedication. Our mission is to empower investors with the tools and knowledge they need to thrive in the dynamic world of stock trading. We look forward to being your trusted partner on your financial journey.
CKSPL (Crystal Kanchanjungha Securities Pvt. Ltd.) proudly stands as a registered stock brokerage firm with a rich history and a substantial market presence. Our enduring commitment to excellence has enabled us to establish a significant market share and take a leading role in the financial sector. We have consistently maintained a sterling reputation with regulators, stock exchanges, valued clients, and all other stakeholders.
Throughout our distinguished journey, CKSPL has been a trusted partner, conducting business with utmost professionalism and integrity. Our track record exemplifies our dedication to upholding the highest standards in the industry. This commitment has earned us the trust and respect of a diverse clientele, including prominent institutions such as banks, insurance companies, mutual funds, and investment firms managed by portfolio managers.
CKSPL has a proven track record of working diligently on behalf of these esteemed institutions, assisting them in realizing their investment goals and executing their investment proposals with precision and expertise. Our mission is to provide comprehensive financial services that meet the unique needs of our clients, facilitating their success in the dynamic world of investment and finance.
Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has announced the date for its 14th Annual General Meeting (AGM) on 30th Jestha, 2080. The meeting is scheduled to take place at Arniko Party Palace in Banepa, commencing at 10:30 AM.
One of the key agendas of the AGM is the endorsement of a 14.276582% dividend for the fiscal year 2078/79. During the 33rd board of directors meeting held on Falgun 15, it was decided to distribute this dividend on the paid-up capital of Rs. 49.40 crores. The proposed dividend includes a bonus dividend of 13.562753%, amounting to Rs. 6.70 crores, and a cash dividend of 0.713829%, equivalent to Rs. 35.26 lakhs (for tax purposes).
Additionally, the AGM will discuss and vote on resolutions related to the Due Diligence Audit and Memorandum of Understanding for the proposed merger between Summit Laghubitta and National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS). The share swap ratio for the merger has been set at 100:82, meaning that for every 100 units of Summit’s shares, shareholders will receive 82-unit shares of National Microfinance.
Furthermore, the meeting will address the issuance of Further Public Offerings (FPO) to the general public, aiming to increase the company’s public shareholding ratio by 30%. Currently, the promoter to public shareholding ratio of the company stands at 80.63:19.37. There is also an agenda to raise the authorized capital to Rs. 70 crores.
It is important to note that the book closure date has been set on Jestha 18. Shareholders who hold shares before this date will be eligible for the dividend payout and are welcome to attend the AGM. These discussions and resolutions signify the company’s efforts to enhance shareholder value and explore opportunities for growth and expansion.
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.
Statistics reveals that commercial banks combined have achieved a total net profit of Rs. 36 Arba and 89 crores. Nabil Bank is the most profitable of the 22 commercial banks, with a net profit of Rs. 4 Arba and 13 crores. Similarly, NIC Asia Bank had a net profit of Rs. 3 Arba and 67 crores. Global IME Bank, on the other hand, has made a net profit of Rs. 3 Arba and 55 Crores. Agricultural Development Bank, on the other hand, has the lowest net profit of Rs. 10 crores.
– With the successful merger of Global IME Bank and Bank of Kathmandu, the joint transaction in the name of Global IME Bank began on Poush 25, 2079.
Sabaiko Laghubitta held its 6th AGM on Falgun 26, 2079, led by company chair Mr. Narayan Prasad Joshi.
According to the media statement, the AGM decided to approve 18% bonus shares and 0.95% cash dividends to its shareholders, as well as authorize the board to conduct any merger/acquisition work with suitable institutions.
From the 176th meeting of the board of directors of NADEP Laghubitta Bittiya Sanstha Limited (NADEP) held on Magh 10, the company had proposed 10% bonus shares and 0.526% cash dividend (tax purposes) from the distributable profits and accumulated profits of 2078/79.
Previously, the Chitwan-based Deprosc Laghubitta (DDBL) signed an initial agreement to acquire Dhading-based Nadep Laghubitta on Poush 15, 2077. However, the disagreement in share ratio and employee structuring has led the companies to ditch the merger agreement.
Sanima Mai Hydropower Company Limited (SHPC) reported an 11.36% decrease in net profit in the second quarter (Q2) of fiscal year 2079/80. Profit declined to Rs. 32.92 crores in this quarter from Rs. 37.14 crores in the previous year’s equivalent quarter.
Revenue from the sale of electricity has declined by 12.4% when compared to the same quarter last year. The lower revenue is attributable to the expiration of the Posted Rate Facility Agreement for the Mai Hydropower Project (15.6 MW), as well as poor hydrological conditions throughout the quarter. As a result, the net profit for the fiscal year 2079/080’s second quarter ended 11.36% lower than the previous year’s quarter ended. In addition, the business spent over Rs. 2.34 Arba in associates, which climbed by 91.06% in this quarter.
Have you decided to invest in the stock market? Consider these 7 stock market investing tips when making your investments.
1. Have a solid comprehension of basic economic principals.
Before you get started, you should understand basic principals and laws of economics. The stock market closely follows the law of supply and demand. For example, when there is a large demand for the stock of a certain company, the cost of its stock will increase along with the demand. However, if there are more stock available for sale than there are buyers, the unit price of that company stock will decrease.
2. Learn about prospective companies you want to invest in.
Do your homework before you invest in prospective companies. Read the company annual report and find out about their products, operations, services and basic business track record. This information gives you an idea of how stable the company is and whether they can deliver on their promise to offer profits to investors.
3. Select companies with staying power.
There are so many companies that exist in today’s stock market, selecting becomes a major decision for beginning investors. Relatively stable companies and business are owned by the government, unless there is a political revolution or crisis going on. Gasoline companies and telecommunications companies are usually profitable and stable because there is a constant demand for their services and products. While IT companies are rapidly growing in today’s stock market, there are so many of them it may be a challenge to check their profiles to exercise reasonable care before investing. Before putting your money into an IT company, verify their track record and make sure they are stable and profitable for a minimum of 10 years.
4. Keep an eye on the news.
Guesswork is completely ineffective when it comes to investing in the stock market. Good intuition and solid decision-making come from learning about global and local news both politically and economically. When you watch the news, make sure to keep track of the industry your company is in. Even stable companies may go bankrupt or have a major blow that will bring them down.
5. Don’t put all your eggs in one basket.
Avoid investing in just one company and spread out your stock investments to several businesses. When you have stock concentrated in just one company, you have a greater chance of losing it all. When you spread out your investments over several companies, those earning profits can cushion the ones that not not as profitable.
6. Stockbrokers aren’t the final word.
A stock broker is actually gambling with your money so you need to do your own homework. Dishonest brokers can take advantage of investors who do not fully comprehend how the stock market works.
7. Greed is your enemy.
While everyone is eager to make profits in the stock market, an investor loses their sense of reason when they are fueled by greed. A money hungry investor may forget to check on economic rumors and spontaneously decide to sell or buy with the thought of making major profits and then lose it all.
Putting your money in the stock market can of course be risky, but the above stock market investing tips should help point you in the right direction.
Alright, so you’ve decided you want to take a shot at buying and trading stocks. The only problem is, you really don’t know how. Where should you begin? And do you even know what a stock is and the significance of stock for companies?
This article will serve as a dummies guide for trading and buying stock.
A stock is actually partial ownership of a company. Some companies consider stocks as certificates so the more stock a person owns of the company, the larger portion of the company they own. Along with owning a bigger part of the company, they also have greater influence in running the company. This influence is referred to as equity investment.
There are other important terms you should become familiar with before getting into the stock market. Get to know about leverage, price-earnings ratio, earnings per share, margins and options before you dive in and invest your hard-earned money.
Next you need to figure out where and how to purchase those stocks. Basically, there is only one way to buy shares and stocks. Through your stock broker.
Online exchanges let investors have access to stocks from all around the globe. Without the need for a broker, investors can purchase and sell stocks online. Some banks also give you the ability to set up your own stock portfolio. You can use the money you have invested with these banks to purchase and sell stocks online right away.
Brokers render brokerage services and they are the middlemen who do the work on your behalf. Brokers give advice, research the current stock market and buy and sell stocks in accordance with the requests of their clients. From buying and selling these stocks, the brokers earn a commission.
When you decide on how you prefer to purchase and sell stocks, you need to open an account. Exchanges will allow you to monitor and control your individual stock portfolio yourself. If you decide to enter into the stock trade with a bank, discuss the specifics of setting up your own account with the bank you choose. For conducting trades through a broker, you need to find a reputable broker to deal with and then ask them to open and manage your account.
Once you set up an account successfully, start studying the stock market to plan your strategy. Do you want to be conservative when making investments? Do you like to aggressively invest? How many investing years do you have? Are you a day trader or will you be investing on a long term basis?
When you determine your personal plan, do your research on the current stocks offered in the market. If you have a broker, it becomes easier because they do much of the research for you. However, it is still best to study the market on your own.
Remember, the stock market is a volatile place so be ready for explosive activity when trading and buying stocks. Like life, there are many ups and downs before you reach your goals.
The covid19 pandemic is not only putting millions of people’s lives in peril, but it is also devastating the global economy. Our government has proclaimed general vacations and imposed a travel ban on the general public in order to combat the spread of Coronavirus. Nobody knows how long it will take for things to return to normal. Meanwhile, some huge organizations are downsizing their workforces, while small and mid-sized businesses are being forced to lay off employees. As a result, a large number of people are losing their employment or their salary. At this vital juncture, we’ll highlight several quarantine income opportunities, both online and offline. Keep reading to learn how you can make money during the lockdown!
Best Lockdown Income Opportunities Online
Graphic Design Jobs on the Internet
If you are a graphic designer with experience utilizing popular graphic tools such as Adobe Photoshop and/or Adobe Illustrator, you can get hired online and earn big money. Graphic designers are hired by many overseas platforms to work on little to large projects including logo design, business card design, banner design, brochure design, and so on. Here are some job vacancies in distribution.
Do you like to use social media sites like Facebook, Twitter, and Instagram from time to time? Why don’t you complement your income with those sources? Any online social media channel that allows you to generate links or followers can be utilized to promote a product (made by another company). You may easily earn an affiliate fee if a viewer purchases your offered goods through your provided link. A variety of local businesses offer affiliation programs as well. Let’s have a look at some options.
Affiliate marketing is a safe and secure way to earn money online. More people are choosing to affiliate marketing as a full-time career because of the attractive affiliate commission arrangements given by numerous companies. If you have good writing and/or video-making talents, as well as some SEO knowledge, you may generate a consistent income conducting affiliate marketing on your blog or YouTube. Take a peek at some of the various international affiliation channels.
Earn a comfortable living by teaching online. You can write courses based on your experience and advertise your profile on social media platforms like linkedin.com. Begin by enrolling in some low-cost or no-cost basic level courses. Consider offering some paid advanced-level skills classes if the audience responds well. Here are some local and worldwide resources for looking for online teaching employment and/or submitting your online course:
Do you have an innate desire to write? Yes, you can work as a freelance writer for a range of local and online publications if you answered yes. There are a range of freelance assignments accessible, including translation, guest writing, blog post writing, essay writing, academic writing, book writing, and study, whether you’re a newbie writer or a seasoned researcher. It will enable you to teach people while also allowing you to earn money. Take a look at the resources listed below.
Do you enjoy working with computers? You can get hired online if you know any programming language, including PHP, Python, C#, Java, and others. Based on your degree of education and experience, you should apply for freelance programming employment. Here are a few areas where you might look for work as an internet programmer.
Don’t be concerned if you aren’t a designer, editor, or programmer. The Internet is a huge ocean of possibilities for a wide range of occupations. If you have experience in a specific field of knowledge, such as business proposal preparation, project management, or digital marketing, you should hunt for freelance employment in foreign marketplaces.
