The Nepal Stock Exchange has urged 21 companies to pay their outstanding annual renewal fees along with penalties. Most of these companies have ceased operations, while a few are still operational. According to the paid-up capital, companies are required to pay an annual renewal fee ranging from NPR 50,000 to NPR 100,000, NEPSE clarified. Kathmandu, 26 Chaitra.
NEPSE has requested even those companies that have been dormant but are still listed on the market to settle their annual renewal fees. Among those who have not paid, some companies are operational but have no stock market transactions, while the majority are defunct or facing problems. Despite being inactive, these companies remain listed on the market.
In an official notice, NEPSE stated that a total of 21 companies must pay their annual renewal fees in accordance with the Securities Listing Regulations. These companies have yet to remit their renewal fees, NEPSE emphasized. All fees must be paid with applicable penalties. NEPSE warned that failure to pay will result in an annual interest charge of 10 percent.
Companies with a paid-up capital up to NPR 50 million are required to pay an annual renewal fee of NPR 50,000, while those with a higher paid-up capital must pay NPR 100,000. NEPSE noted that these 21 companies have not yet paid their fees. Most of these are currently non-operational, although a few remain active but have no trading activity. Among the companies that have not paid their fees are defunct entities like Butwal Spinning Mills, Gorakhkali Rubber Industry, Crystal Finance, Himalayan Finance, Karnali Development Bank, Nepal Share Markets, Capital Merchant Banking and Finance, Nepal Welfare, Samjhana Finance, Himalayan Finance, and Shri Bhrikuti Pulp and Paper. Additionally, NEPSE has asked companies such as Birat Suga, Arun Herbal Industry, Harisiddhi Brick Industry, Nepal Film Development, and Flour Himalayan to pay their renewal fees. Firms including Shriram Sugar Mills, Yak and Yeti Hotel, Jyoti Spinning Mills, Nepal Bitumen and Barrel Industry, Nepal Trading, and Raghupati Jute Mill have also been urged to clear their annual renewal fees.
