Kathmandu. Nepal Reinsurance Company has urged its shareholders to accept the five-year-old cash dividend. The company has urged the shareholders to accept the cash dividend approved and distributed by the general meeting of the company in different financial years.
The company said that this notice has been published for the purpose as there is no legal provision for distribution of dividend as provided by Section 182 and Section 183 of the Companies Act, 2063 for five years from the date of the decision of the Company’s General Assembly.
Therefore, if the shareholders have not opened the account so far to receive cash dividend payment, then they have been requested to open the beneficiary account and dematerialize the physical shares by dematerializing and updating the concerned bank account number in the beneficiary account.
Otherwise, the cash dividend will be deposited in the Investor Protection Fund as provided in the Companies Act.
For more information in this regard, the company has requested to contact the Company’s Share Registrar RBB Merchant Banking Limited, Teku, Kathmandu.
