Out of the 25 listed companies whose share transactions were suspended, nine have resumed after paying their renewal fee to Nepal Stock Exchange (Nepse).
Salt Trading Company (STC), IME Financial Institution (IMEFIL), Prabhu Finance (PRFL), Malika Bikas Bank (MDBL), Api Finance (AFL), Diprox Development Bank Ltd (DDBL), Kasthamandap Development Bank Ltd (KDBL), Goodwill Finance Company (GFCL) and Nilgiri Bikas Bank (NGBL) paid their annual fee as per the Securities Listing By-laws 2002.
A majority of the defaulters belong to the manufacturing and processing group.
The rest include three trading companies, four finance companies, five development banks, one hotel, one insurance company and one company in the others category.
All the listed companies are required to pay the annual renewal fee within three months of a fiscal year’s end. However, these companies had failed to make the payment within the deadline period that ended on October 17.
The listed companies have to pay annual renewal fees depending upon their capital structure.
The renewal fee depends on the capital structure of the company but the maximum renewal fee for any company stands at Rs 50,000. source:nepalnews