Laxmi Bank Limited announced 20% bonus share & 1.05% cash dividend for FY 2070/71

Laxmi Bank Limited has also announced 20 percent bonus share and 1.05 percent cash dividend for tax purpose.

NEPSE investors- Get Demat account from CDSC for digital clearing & settlement of stock transaction

CDS and Clearing (CDSC), a subsidiary of the Nepal Stock Exchange (Nepse), officially started clearing and settlement of securities transactions digitally. The paperless system allows processing to be done in an easier and faster way. While the manual system used to take at least three days to transfer ownership of shares after a sale, the central depository system (CDS) does it instantly.

According to CDSC, the CDS acts as the central depository (safekeeping, deposit and withdrawal of securities certificates and transfer of ownership/rights) for various instruments such as equity, bonds and warrants in a dematerialised (electronic) form. Under the new provision, stock ownership has to be first converted into Demat format.
A Demat account can be opened through Depository Participant (DP), an agent appointed by the CDSC.

List of Licensed Depository Participants 

- Civil Capital Market Ltd. 

-ACE Capital Ltd. 

-Stock Management & DP Ltd. 

-Nabil Investment Banking Ltd. 

-NIBL Capital Markets Ltd.

-Laxmi Capital Ltd. 

-Everest Bank Limited 

-Siddhartha Capital Limited 

-NMB Capital Limited 

-Bank of Kathmandu Limited 

 Similarly, the companies listed on Nepse also have to open a Demat account with CDSC. Potential investors, after being okayed for a Demat account, can post the number of shares they want to buy or sell through their brokers.
According to CDSC company secretary Subodh Dhungel, the should enter the assigned number of shares in “Pull Account” through which trading is done. Investors are required to pay Rs 50 to open a Demat account and an annual fee of Rs 100. “Other processing costs are born by the concerned companies,” said Dhungel.
Under the new system, brokers also have to become members of CDSC to act on behalf of their clients.

List of Registered Clearing Members

S.No.	Clearing Members	CM No.
1	ABC Securities Pvt. Ltd.	17
2	Agrawal Securities Pvt. Ltd.	6
3	Arun Securities Pvt. Ltd.	3
4	Aryatara Investment & Securities Pvt. Ltd.	57
5	Ashutosh Brokerage & Securities Pvt. Ltd.	8
6	Asian Securities Pvt. Limited	26
7	Bhrikuti Stock Broking Co. Pvt. Ltd.	55
8	Creative Securities Pvt. Ltd.	40
9	Crystal Kanchanjunga Securities Pvt. Ltd.	50
10	Dakshinkali Investment & Securities Pvt. Ltd.	33
11	Dipshika Dhitopatra Karobar Co. Pvt. Ltd.	38
12	Divyaa Securities & Stock House Pvt. Ltd.	59
13	Imperial Securities Co. Pvt. Ltd.	45
14	Investment Management Nepal Pvt. Ltd.	53
15	J.F. Securities Company Pvt. Ltd.	7
16	Kalika Securities Pvt. Ltd.	46
17	Kumari Securities Pvt. Ltd.	1
18	Kohinoor Investment And Securities Pvt. Ltd.	35
19	Linch Stock Market Ltd.	41
20	Malla & Malla Stock Broking Company Pvt. Ltd.	11
21	Market Securities Exchange Co. Pvt. Ltd.	5
22	Midas Stock Broking Company Pvt. Limited	21
23	Nasa Securities Co. Ltd.	58
24	Nepal Investment & Securities Trading Pvt. Ltd.	19
25	Nepal Stock House Pvt. Ltd.	14
26	Online Securities Pvt. Ltd.	49
27	Opal Securities Investment Pvt. Ltd.	4
28	Oxford Securities Pvt. Ltd.	51
29	Pragyan Securities Pvt. Ltd.	10
30	Premier Securities Company Limited	32
31	Primo Securities Pvt. Ltd.	16
32	Sagarmatha Securities Pvt. Limited	18
33	Sani Securities Co. Ltd.	42
34	Sewa Securities Pvt. Ltd.	54
35	Shree Krishna Securities Ltd.	28
36	Sipla Securities Pvt. Ltd.	20
37	Siprabi Securities Pvt. Limited	22
38	South Asian Bulls Pvt. Ltd.	43
39	Sundhara Securities Ltd.	56
40	Sweta Securities Pvt. Ltd.	25
41	Thrive Brokerage House Pvt. Limited	13
42	Trishakti Securities Public Pvt. Ltd.	48
43	Trisul Securities & Investment Ltd.	29
44	Vision Securities Pvt. Ltd.	34
45	Neev Securities Pvt. Ltd.	47
46	Dynamic Money Managers Securities Pvt. Ltd.	44
47	Secured Securities Ltd.	36
48	Sri Hari Securities Pvt. Ltd.	56
49	Sumeru Securities Pvt. Ltd.	39
50	Swarnalaxmi Securities Pvt. Ltd.	37

Other companies which have obtained a license from the Securities Board of Nepal (Sebon) can also perform the clearing function of stock transactions. The new provision is expected to minimise hassles for investors while buying and selling stocks. The system also makes it easier to acquire rights shares issued by the companies concerned.
“The new system allows traders to do multiple transaction on the same day,” said Dhungel. According to him, investors can also buy and sell shares in small quantities.
All the listed companies will have to open a Demat account at CDSC.

List of Registered Companies 

S.No.	Company	ISIN
1	ACE Development Bank Ltd.	NPE000A00007
2	Agricultural Development Bank	NPE001A00005
3	Everest Finance Co. Ltd.	NPE002A00003
4	Bank of Kathmandu Ltd.	NPE003A00001
5	Laxmi Bank Ltd.	NPE004A00009
6	Himalayan General Insurance Co. Ltd.	NPE005A00006
7	Shikhar Insurance Co. Ltd.	NPE006A00004
8	Nepal SBI Bank Ltd.	NPE007A00002
9	Siddhartha Insurance Limited	NPE008A00000
10	Siddartha Bank Ltd.	NPE009A00008
11	PrimeLife Insurance Co. Ltd.	NPE010A00006
12	Citizens Bank International Ltd.	NPE011A00004
13	Civil Bank Ltd.	NPE012A00002
14	Nepal Bangladesh Bank Ltd.	NPE013A00000
15	Sunrise Bank Ltd.	NPE014A00008
16	Nepal Life Insurance Co. Ltd.	NPE209A00004

17	Himalayan Bank Ltd.	NPE019A00007 (Ordinary Share)                                                     NPE019A00015 (Promoter Share)

CDSC UPDATE

Registered Companies:	17
Registered Clearing Members:	50
Licensed Depository Participants:	10
Beneficial Owners' Demat Account:	624
No. of Shares in Demat Form:	179814
Companies in Pipeline for Admission of Securities:	20
DPs in Pipeline:	2
As of 2014-07-22

Laxmi Bank likely to offers 25% right shares along with15% bonus shares

Laxmi Bank Limited has decided to offer 25 percent right shares, besides 15 percent bonus shares it had pledged to the shareholders from the net profit it posted in the last fiscal year 2069/70.

A meeting of the Board of Directors of the commercial bank held today took the decision also to offer the right shares so as to raise its paid-up capital, a highly placed source privy of the development told.

Laxmi Bank proposes 15% bonus shares

Laxmi Bank Limited has pledged 15 percent bonus shares to its shareholders from the net profit it posted in the last fiscal year 2069/70.

The 143rd BOD meeting of the commercial bank  proposed the dividend.

NEPSE Index up despite profit booking by investors

The stock index rose despite the heavy profit booking by investors on increased share prices this week — December 8 to 12.

The index gained 6.5 points — one per cent — on the week’s trading, following last week’s never-seen-before jump.

Nepse at 547.6, loss of 4.74 points

Latest flexibility given by the Nepal Rastra Bank (NRB) to Banking and Financial Institutions (BFIs), by prolonging the deadline of meeting the paid up capital, topple the market sentiment today.

Earlier, NRB had directed the Banking and Financial Institutions through monetary policy to raise their paid up capital to the standard set by the NRB within this fiscal year end. However, recently, the NRB has revised this policy and has asked the BFIs to meet the requirement by the end of the next fiscal year.

Agricultural Dev Bank, BOK & Laxmi Bank profits 2.25 arba, 61.70 cr & 45.02 cr

Agricultural Development Bank has posted a profit of Rs 2.25 arba, a 22.83% rise over last year’s Rs 1.83 arba. The bank’s deposits rose 25.81% to Rs 54.39 arba and loans and advances increased 26.23% to Rs 49.77 arba. The bank’s EPS stands at Rs 58.55 and net worth at Rs 267.88.

Mergers of Banks & financial institutions gain momentum

The merger policy introduced by the central bank two years back has been successful as almost one-fourth of the financial institutions have opted for mergers since then.

Since April 2011, when Nepal Rastra Bank (NRB) introduced the Merger Bylaws, 43 financial institutions have merged so far and 13 more are in the process of merging.

Laxmi Capital is issuing Rs 40 crores (Laxmi Value Fund) soon

Laxmi Capital, a subsidiary of Laxmi Bank Limited is all set to issue Rs.40 crore mutual fund scheme named Laxmi Value Fund within this Bhadra.
Laxmi Capital has got licensed of mutual fund from SEBON on last Bhadra, 2069.