Nepal Bank (NBL) Approves Bonus and Dividend after 23 Years!

DIVIDEND:

Nepal Bank (NBL), the first commercial bank of Nepal, has approved bonus shares and dividend for shareholders after more than two decades.

The 60th annual general meeting (AGM) held yesterday on 25 Paush 2076 has approved to distribute its shareholders a net 25% including 15% bonus shares and 10% cash dividend including tax.

The price for 15% bonus shares is already adjusted to Rs 275.65 on 13 Paush 2076 and 10% cash dividend is now getting sent to the shareholders account.

Currently its paid up stands at Rs. 9.81 arba and its capital will be Rs 11.28 after the adjustement.

Check the DETAILS HERE:

Sindhu Bikas Bank (SINDU) announces bonus shares !

DIVIDEND:

Sindhu Bikas Bank (SINDU) has announced bonus shares for shareholders from the distributable profit of FY 2075/76.

The board meeting of the company held on 01 Poush 2076 has decided to distribute 11.513% bonus shares and 0.575% lakh cash dividend for tax purpose.

The decision should approved by Beema Samiti and Annual general meeting of the company.

Currently its paid up stands at Rs. 50 crore.

Check the DETAILS HERE:

How Much Worth Now of Rs 1 Lakh Investment in NTC, NABIL & CHCL Stocks 5 Years Ago !

INVEST

“The stock market is designed to transfer money from the active to the patient”

– Warren Buffett.

It is no secret that Warren Buffett, the self-made billionaire investor, has always valued investing over the long-term. His slow and steady approach has proved to be successful in building wealth—making him one of the richest people in the world with net worth of almost $85 billion (Rs 88 kharba). One of the most popular mantras of Buffet is giving more importance to long-term investment on growing companies, rather than trading and short-term investments. So what can we learn from the man whose personal net worth is 6 times more than NEPSE’s entire market capitalization of Rs 14.30 kharba?

Check RESULTS »

Prime Life Insurance (PLIC) Issuing 160% Right Shares from March 11; Last Day Today To Secure !

RIGHT

Prime Life Insurance Company Limited (PLIC) is issuing 1:1.6 (160%) right shares equivalent to 9,763,200 units worth Rs 976.3 million (Rs 97.63 crores) to its existing shareholders at a face value of Rs 100 per share for 35 days starting from Sunday 11th March 2018 (27th Falgun 2074) till Sunday 15th April 2018 (2nd Baishakh 2075).

The book closure date for this right issue is on Thursday 1st March 2018 (17th Falgun 2074). That means, only the shareholders registered one trading day ahead of this book closure date, i.e., Wednesday 28th February 2018 (16th Falgun 2074) are eligible to apply for the right shares.

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Didn't Your Bonus Share Still Show up into Your Demat Account ? Have You Paid Taxes? How do You Know? Check Here for Details !

BONUS SHARE TAX

Have you yet not received in your Demat account till date your bonus shares, that were distributed by banks in the fiscal financial year 2072/073 ? If so, have you purchased shares of the following 13 banks at certain dates ? If you are entitled to receive such bonus shares since you purchased those shares in the specified date, then you are also responsible for the levied tax payment deposition into the respective bank accounts. Unless you pay them, you won't receive the bonus shares of these 13 companies.

Out of the total listed companies, annual general meeting (AGM) of 13 companies didn't approve cash dividend for tax purpose levied on bonus distribution in the FY 2072/73. Due to which, shareholders of all these 13 companies including 3 commercial banks and 10 development banks till date have not yet received their bonus shares in their Demat accounts and the respective banks have already issued their notice to pay the levied tax amount in their bank accounts. Check out which banks are they and how much their bonus share tax are and what their purchase dates are. which amount of those backs and how much taxes should be paid on which bank's bonus, since purchasing shares till date.

Among these 13 companies, three commercial banks including Sunrise, Bank (SRBL), Global IME Bank (GBIME) and Century Commercial Bank (CCBL) have recently notified their shareholders to pay the taxes through a notice. Similarly, 10 development banks including Kailash Bikas Bank (KBBL), Muktinath Bikas Bank (MNBBL), Kamana Bank (KMBL) Jyoti Bikas Bank (JBBL), Garima Bikas Bank (GBBL), Dev Bikas Bank (DBBL), Hamro Bikas Bank (HAMRO), Om Development Bank (ODBL) and Fewa-Gandaki Bikas Bank (FBBL) and Mahalaxmi Bikas Bank (MLBL) prior to merger have also issued a notice to their shareholders to pay taxes.

CHECK DETAILS HERE »