Skip to main content

MoU for the acquisition of Nagbeli Laghubitta Sanstha Limited

Mirmire Laghubitta Biitiya Sanstha Limited (MMFDB) and Nagbeli Laghubitta Sanstha Limited (NBBL) have entered into a memorandum of understanding (MoU) for the acquisition Nagbeli Laghubitta Sanstha Limited.

Trading in NEPSE for both the companies was halted from 2076/1/30 after they entered into a joint merger agreement with Kisan Microfinance Finance Limited (KMFL). However, the notice published on 2076/11/14 has not mentioned of Kisan Microfinance but only of Nagbeli. According to the notice, the MoU is effective from 2076/11/13.

Trading of these two companies, MMFDB and NBBL will continue to remain on halt until the acquisition process is completed.

Here's a copy of the notice provided to Nepal Stock Exchange Limited.


Labels:

Comments

Post a Comment

Most Viewed

Fees, Fines and Penalties under Nepalese Companies Act, 2063, Amended 2074

We normally get a lot of question in different forums on what is the registration fee of Company in Nepal and what are the various penalties imposed for non-compliance. Here's what we have compiled for you. Please get back to us on comments if you have any additional query. 1.          Fees during company registration a.        Private Limited Company S.N Authorized Capital Fee (In NRs.) 1 Up to Rs. 100,000 1,000 2 From 100,001 to 500,000 4,500 3 From 500,001 to 25,00,000 9,500 4 From 25,00,001 to 1,00,00,000 16,000 5 From 1,00,00,001 to 2,00,00,000 19,000 6 From 2,00,00,001 to 3,00,00,000 22,000 7 From 3,00,00,001 to 4,00,00,000 25,000 8 From 4,00,00,001 to 5,00,00,000 28,000 9 From 5,00,00,001 to 6,00,00,000 31,000 10 From 6,00,00,001 to 7,00,00,000 34,000 11 From 7,00,00,001 to 8,00,00,000 37,000 12 From 8,00,00,001 to 9,00,0...
Post a Comment
Read more

Process for Electronic Billing Software Registration with Inland Revenue Department Nepal

Process is straight forward, one is required to submit the online form along with the following documents: 1)       Copy of the Tax Clearance Certificate 2)       Copy of the Permanent Account Number (PAN) 3)       Copy of Company Registration Certificate 4)       User Manual for the software signed by company representative and stamped on each page 5)       Guarantee letter that Data Amendment or Edit (Manipulation) is not possible on the software 6)       Data Backup and Recovery System is available on the software 7)       System Architecture Detail 8)       Software Set Up file and Invoice Sample in Excel – 20 copies each in 20 pen drive 9)       Connection with Central Billing Management Software (CBMS) – API can be collected Service Branc...
17 comments
Read more

Windfall Gain Tax (आकस्मिक लाभमा कर) per Nepal Income Tax Act

Nepal's Income Tax Act defines Windfall gain as a gain obtained by means of lottery, gift, prize, tips, share of earning in a game (जितौरी)  or any other gain acquired incidentally.  Let us explain by example what can potentially be Windfall Gain.  1) Let's say apple recently launched a iPhone 14 in Nepal. Part of such launch, company offered its customer who buys iPhone, an iPad for free. The market value of the iPhone is Rs. 214,000 and that of iPad is Rs. 189,000. In such case, customer who received Rs. 189,000 worth of iPad without any additional cost will be considered a prize hence, a windfall gain. 2) Recently DRS gaming won US$ 292,000 (approx. Rs 4 crore) for being runner's up in the grand finals of the PUBG Mobile Global Championship. Let's assume here that DRS gaming has not been registered as a company but simply represented by individuals. If I am not mistaken, there are 4 members in the team. So, each individual will have won Rs. 1 crore as share of earni...
Post a Comment
Read more