Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited has urged shareholders who have yet to collect cash dividends approved more than five years ago to contact its share registrar and claim their payments.
In a public notice, the microfinance institution said some shareholders had not collected cash dividends declared by its various annual general meetings. The notice also covers the former RMDC Laghubitta Bittiya Sanstha Limited, which merged with Sana Kisan Bikas Laghubitta.
Shareholders can contact Laxmi Sunrise Capital Limited, the company's share registrar based in Kamalpokhari, Kathmandu, to claim their outstanding dividends.
The institution has also requested shareholders who have not dematerialised their share certificates to submit them to the Depository Participant where their Demat accounts are maintained. Shareholders whose bank accounts have not been updated in their beneficiary accounts have been asked to update their details to receive dividend payments.
Shareholders whose securities are under a pledge or hold restriction must submit a release letter or a No Objection Letter (NOC) issued by the concerned bank or financial institution to Laxmi Sunrise Capital Limited.
According to the notice, cash dividends that remain unclaimed after the completion of five years will be deposited into the Investor Protection Fund in accordance with Sections 182(9) and 183(1) of the Companies Act, 2063.
The institution has stated that details
Published by SanaKisanBikas Laghubitta on 2083-6-28
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