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About Capital Merchant Banking and Finance Limited (CMBFL)
Overview
Capital Merchant Banking and Finance Limited (CMBFL) was incorporated as a public limited company under the Companies Act, 2063 with Registration No. 791/057/58 on Ashadh 14, 2058 B.S. (June 28, 2001). The company received its license from Nepal Rastra Bank (NRB) on Magh 17, 2058 B.S. (January 30, 2002), authorizing it to operate as a finance company and conduct banking and financial activities in Nepal.
CMBFL was registered with the Inland Revenue Department on Mangsir 17, 2058 B.S. (December 2, 2001) under Permanent Account Number (PAN): 300434314. The company's registered head office is located at Battishputali, Ward No. 9, Kathmandu, Nepal.
On Magh 17, 2069 B.S. (January 30, 2013), Nepal Rastra Bank declared Capital Merchant Banking and Finance Limited a problematic financial institution through Letter No. Bi.Ka.SuBi./Resolution/069/70/1166. Following this regulatory action, the company was prohibited from carrying out banking and financial transactions.
As part of the regulatory process, CMBFL gradually ceased its banking operations, and all of its branch offices had been closed as of Ashadh 31, 2077 B.S.
This information reflects the historical background and regulatory status of Capital Merchant Banking and Finance Limited based on official records. The company is recognized for its role in Nepal's financial sector history prior to the suspension of its banking operations by the country's central bank.
Historical Milestones
Ashadh 14, 2058 B.S. (June 28, 2001): Incorporated as a public limited company under the Companies Act.
Mangsir 17, 2058 B.S. (December 2, 2001): Registered with the Inland Revenue Department.
Magh 17, 2058 B.S. (January 30, 2002): Licensed by Nepal Rastra Bank to conduct banking and financial activities.
Magh 17, 2069 B.S. (January 30, 2013): Declared a problematic financial institution by Nepal Rastra Bank, resulting in the suspension of banking operations.
Ashadh 31, 2077 B.S.: All branches of the company were closed.
Regulatory Status
Capital Merchant Banking and Finance Limited was placed under regulatory action by Nepal Rastra Bank after being declared a problematic financial institution in 2013. Since that date, the company has not been permitted to conduct banking transactions, and its branch network was fully closed by Ashadh 31, 2077 B.S.
The information presented above is intended to provide an accurate historical overview of the institution while maintaining factual integrity and regulatory transparency.