Nepal Rastra Bank (NRB) regulates all the banks and financial institutions (BFIs) of Nepal. WMBFL has a strong commitment to customer deposit security, confidentiality, professionalism, transparency, good governance, and strong business growth. The companys shares are listed on the Nepal Stock Exchange Limited (NEPSE). Promoters' Contribution Public Contribution. The commercial Banks (A-Class) have to maintain at least Rs. How to Calculate Paid-Up Capital | Sapling 11 Samriddhi Finance Company Limited 2001/08/10 Hetauda, Makawanpur 18.20 National Level . The Board of Directors meeting held today said that increasing the paid-up capital will increase the overall net worth, increase the risk-bearing capacity of the company and create a conducive environment for the company to merge with each other. It also offers services such as electronic banking, SMS banking, debit card and ATM. Names Operation Date (A.D.) Head Office Paid up Capital (Rs. It is the amount of money for which shares of the Company were issued to the shareholders and payment was made by the shareholders. When shares are bought and sold among investors on the secondary market, no additional paid-up capital is created as proceeds in those transactions go to the selling shareholders, not the issuing company. All the detail of development bank in Nepal on the basis of name, year established, head office, paid up capital are given below: . The company has started its service with paid capital Rs. It provides the personal loan, the educational loan, the commercial loan, the home loan, the stock loan, the rental purchase loan and the private sector loan. Paid-Up Capital Of Finance Companies In Nepal [Updated] Checkout the Current Paid-up Capital of Non-Life Insurance Companies The company began operations on 2051-03-22 B.S with an authorized share capital of Rs. Paid-up capital financial definition of paid-up capital list of microfinance in Nepal and their area - Gulftips After separation, the company started with an authorized capital of NPR 150 million and the issued and paid-up capital was NPR 100 million. Central Finance Limited (CFL), was incorporated as a corporation, on April 14, 1996. Issuing a circular today, the central regulatory and monetary authority has said it will take action against the BFIs who have not abided by the central banks instruction and force them to either go for merger or be acquired by other financial institutions. In keeping with growth objectives, the company has continued to increase its capital base. MPFLs share capital is distributed among developers and public shareholders in a ratio of 60:40. Its products are Surya Money Back Plan, Foreign Employment Life Insurance Plan, Children's Policy, Surya Endowment cum Whole Life Plan, and many more. The main reason behind this initiative is to enable the poor and deprived community to access banking services. As the Trend setter in the market, Nepal finance limited has started to innovate some of the first products launched in Nepal, such as the rental purchase, Margin Lending, which became very famous later and has been synonymous in the market today. The loans provided are: shared loan, mortgage loan, rental purchase loan, personal loan, real estate loan, commercial loan, agricultural loan, miscellaneous loan. How Does Paid-Up Capital Work? Step 4. Loan and Advances: Easy Business Loan, Fixed Loan, Deposit Loan, Counter Stock, Rent to Buy Loan and Home Loan. The company is 51% owned and 49% of the shares are owned by the general public. Rs.1,00,000- Rs.5,00,000. There are 59 National and (6)six 1-3 district type Finance companies.. As per th NRB rules the paid up capital requirement for these development banks are respectively. Is it legal? The institution is a continuously growing company and currently the branches are spread over Dillibazar, Indrachowk, Lalitpur, Bakhtapur, Butwal, Birtamode, Itahari, Dang, Nepalgunj, Illam, Phidim, Tripureshwor, Dhangadhi, Bardibas and Nawalpur. By increasing the paid-up capital of the insurance company, the paid-up capital of the life insurance company has been increased to Rs. Excess capital is the money that investors pay on top of the stock's face value. Any amount that investors pay for the stock above $1 represents the additional paid-up capital or paid-up capital in excess of par. Hold a Board Meeting and Pass board resolution at board meeting. It's the company's common stock or equity. Central Finance Limited plans to become a strong and reputable institution in the Nepalese financial sector by providing preferred products and services and ensuring attractive and substantial returns for shareholders with the help of experienced staff. It is the institution based in Bhatbhateni, Kathmandu, Nepal. This company is the leading issuer of financial services with a unique combination of dedication and idea execution. The Stated Capital Account holds the corporation's Paid-Up-Capital (PUC). The list of B class development banks in Nepal is presented below: Get $100 Credit on DigitalOcean Cloud Hosting. Janaki Finance Company has been awarded a high income tax paid in the Janakpur area. (minus capital gains tax). Srijana Finance Limited now operates under the Banking and Financial Institutions Act 2063 SEC47. 50%. This figure can be compared with the company's level of debt to assess if it has a healthy balance of financing, given its operations, business model, and prevailing industry standards. Its head office is located at Newroad, Pokhara-9, Kaski. The Ultimate Reasons Why Working Moms Are Vulnerable to Stress and How to Overcome It, 8 YouTube Channels for Pets to Watch When Youre Not Home, Things That You Must Know About Nexcess Managed WordPress, Wishes, Messages, Travel, Lifestyle, Tips in English, Hindi and Nepali. The company has its branches in Dharmapath (New Road), Pokhara (Kaski), Narayangarh (Chitwan), Besisahar (Lamjung), Janagal (Kavre), Arughat (Gorkha), Charali (Jhapa), Imadol (Lalitpur), Gorkha Bazaar ( Gorkha) and Manigram (Rupandehi). Nepal has many nationalized and private finance companies. Although there are 90 microfinance companies in Nepal they have different areas of the operation. World Merchant Banking & Finance Limited (WMBFL) has started banking and financial operation in Hetauda as the countrys 49th financial institution. According to the directive published by Nepal Rastra Bank, the following is the detail of the minimum capital required for Commercial Bank, Development Bank, Finance Companies, and Micro Finance Financial Institutions. The said funds may then be utilised for the day to day operations of the Company to pay salary, debts and other expenses. Nepal Share Markets & Finance Ltd. offers banking services in Nepal. As per the unaudited financial results published by the commercial banks till last fiscal, net worth (reserve plus share capital) of five commercial banks, out of the 28 in operation, is below the required Rs eight billion. Paid-up capital can be given in any internationally accepted legal currency. Notify me of follow-up comments by email. From start to date, the motto of finance has been towards better and easier customer service. The company was established as then General Finance Ltd in 2052 BS in accordance with the laws in force at that time. 60%. 100 million respectively. Progressive Finance Limited is a corporation registered at 14th Ashwin, 2051 under the Companies Act, 2021 BS. 18. To fulfill its mission, vision and objective, the company has presented various products and services such as a savings deposit (savings account, zero balance savings account, recurring deposit), fixed deposit and Glad benefit account under its deposit and loan schemes such as Housing loan, Rent Purchase Loan, Gold Loan, Business Loan, Industrial Loan, Education Loan, Fixed Deposit Loan, Government Bond Loan, Bank Guarantee and Margin Loan are offered along with services like ABBS, Remittances , Transfer of funds, Locker facilities and cheque clearing. In a short span, number of non-banking financial institutions has drastically grown up. The products and services offered by Lalitpur Finance Limited include Term Deposit, Savings Deposit, Super Savings Deposit, Bal Bachat Deposit and Mahila Khutruke Deposit under its deposit scheme and Home Financing and Real Estate Loan, Asset Financing, Finance Personal and Term Financing, Term Loan and Industrial Loan, Consumer Loan, Private Sector Loan and Loan Against Shares under their loan schemes. A company receives paid up capital only after it sells its shares to its shareholders. Is fb likevip a Scam? Paid up capital ranges for following classes of companies: 1. Shareholding pattern Particulars Amount in Rs. A company can only issue its paid-up capital up to the authorised capital that registered with SSM. How to Activate VoLTE Service in NTC SIM and Get 100 Minutes Free Voice Call, TU BBS 4th Year Exam Routine 2079 (Revised), Nepal Rastra Bank Syllabus for Open Competition Examination (2078), Tribhuvan University Bachelor 4th Year Exam Routine 2079, How To Apply For IPO Online Using Meroshare In Nepal? In the calculation, $300,000 (public capital) plus $10,000 (initial capital) equals $310,000 (total paid-up capital). Paid-Up Capital Definition & Example | InvestingAnswers Other branches located in Bardaghat, Butwal, Chabahil, Bhaktapur, Simara, Narayanghad, Bardibas, Sindhuli and Gongabu (Kathmandu). The head office is in Pulchowk, Harihar Bhawan, Lalitpur. Establishment of Private Equity/Venture Capital funds in Nepal List of banks in Nepal - Wikipedia Global IME Laghubitta Bittiya Sanstha Ltd. 10+5 District Level (Saptari, Siraha, Udayapur, Khotang, Sunsari, Bhojpur, Okhaldhunga, Sindhuli, Dhankuta, Ramechhap,Terhathum,Sankhuwasab ha,Solukhumbu,Sarlahi,Mahottari). Multipurpose Finance Company Limited | Nepal Stock Exchange | MPFL Stock Price | MPFL Share Price Multipurpose Finance Company Limited | Nepal Stock Exchange | MPFL Stock Price | MPFL Share Price . 6 millions. bitcoin trading in uae? United Finance is the largest finance in terms of paid-up capital with Rs 104.08 crores. David has helped thousands of clients improve their accounting and financial systems, create budgets, and minimize their taxes. Nepal Investment Bank (previously known as Nepal Indosuez Bank Ltd.) was established as a joint venture between Nepalese and Credit Agricole Indosuez. Its head office is located at Bhanu Chowk-2, Janakpardhan. PDF List of Banks and Financial Institutions - NRB The Rajbiraj-based company is promoted by local individual promoters from different professions. Today, SIFCO has grown prominently over the years, from fixed, recurring, and savings deposits to loans and advances. Some banking services have remittances, SCT UPI debit card, commercial banking, SMS banking, installation of lockers, payment of utility bills, Sct MoCo, MBanking, discount stores, etc. Insurance companies in Nepal are regulated by Nepal Beema Pradhikaran . It is a class C licensed financial institution under the Nepal Rastra Bank 2062 311 Act. It has been able to maintain sufficient liquidity ratios. However, if that company intends to increase its paid-up capital up to RM250,000, the company needs . '000 Thosands ) . 6. Capital refers to financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the tangible machinery and production equipment used in environments such as . Names: Operation Date (A.D.) Head Office: . The Securities Board of Nepal ("SEBON") has formulated the Specialized Investment Fund Rules, 2075 (2019) ("Rules") that lays down requirements for the establishment and operation of Specialized Investment Funds (also understood as alternative investment funds). Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock. Million Authorized Capital: 15, Issued Capital: 10, Paid Up Capital: 10, Promoters' Contribution 69% Public Contribution 31% Sources: Official Website of Nepal Investment Bank Ltd . At any point of time, paid-up capital will be less than or equal to authorised share capital and the Company cannot issue shares beyond the authorised share capital of the Company. If any commercial bank which has not operated a microfinance program it should provide the fund to the microfinance institution through wholesales landing. Support Microfinance Bittiya Sanstha Ltd. 4-10 Distrit Level (Sunsari, Terathum, Dhankuta, Panchthar, Bhojpur, Udayapur, Khotang, Sindhuli, Ramechhap, Makwanpur), 10+5 District Level(Sindhupalchok, Nuwakot, Dolakha, Ramechhap, Sindhuli, Okhaldhunga, Khotang, Bhojpur, Terathum, Dhankuta, Kavrepalachok, Dhading, Gorkha, Tanahu, Kaski), 10+5 District Level(Nawalparasi,Rupandehi,Kapilva stu,Gulmi,Arghakhachi,Palpa,Rolpa,Da ng,Salyan,E.Rukum,W.Rukum,Jajarkot. Best Finance Company Ltd. | Nepal Stock Exchange | BFC Stock Price Profit, equity, deposit collection and investments are trending upward. She has performed editing and fact-checking work for several leading finance publications, including The Motley Fool and Passport to Wall Street. Reliance Finance Ltd. Now, the company has been able to increase the capital disbursed by NRS 86.79 crore. It has a paid up capital of Rs57.20 crore and a reserve of Rs 1.09 arba as of 3 rd quarter ending of last fiscal year 2071/72. The company is promoted by renowned businessmen, industrialists and professionals. Head Office along with paid-up Capita are listed below: S.No. Finance Companies in Nepal are also playing vital roles in the development of the economic status of Nepal. for well-known Purbanchal businesses. March. Progressive Finance Limited is a Public Limited Company registered on 14th Ashwin, 2051 under the Company Act, 2021 BS. 2022 Mar 25, 9:18, Kathmandu Source: Google By increasing the paid-up capital of the insurance company, the paid-up capital of the life insurance company has been increased to Rs. Now the A-class commercial banks also operate the microfinance services, because, central bank requires that some portion of their capital should go to the deprived communities. Finance Company(National Level)National LevelC Class800,000,0002. Your email address will not be published. All the detail of Finance companies in Nepal on the basis of name, year established head offices, paid-up capital are given below: Financial institutions are companies that provide financial services and advice to their clients. We are a C-class licensed financial institution under Nepal Rastra Bank 2062 31'1' Act. list of Finance Companies in Nepal. It is also successful in providing regular dividends to the shareholder. Equity financing is represented by paid-up capital. Its extension counters are located in Tinkune (Kathmandu), Lagankhel, Pulchowk (Lalitpur), Thimi (Bhaktapur). and the Companies Law 2053. It is promoted by prominent entrepreneurs from Nepal. 8,000,000,000.00 as paid up capital. December. . The other branches are in Chahabil, Hetauda, Birgunj, Jhapa, Bara, Damak, Janakpur, Chitwan, Bhairahwa, Butwal, Rautahat, New road (Kathmandu), Tangal (Lalitpur), Khaireni, Morang. an arm of Nepal Government's Ministry of Finance. The fundamental mission is to facilitate financing which is the slogan of Guheswori Merchant banking and finance Ltd. Basically, the institution is focusing on people who have not yet had the ease of banking. If you are our client and have a fixed deposit here in the company, you are entitled to the loan against the fixed deposit service. is a 37 years 8 months old, private Indian Company, registered at Guwahati with a paid-up capital of Rs.3422850.. Find details of its financials, directors, legal cases and charges. 40%. Save my name, email, and website in this browser for the next time I comment. Now the company has been able to increase the paid-in capital amounted to Rs. Only "A" Class financial institutions, licensed by Nepal Rastra Bank under the Bank and Financial Institution Act-2063 are subject to this new capital adequacy framework. As Nepal has adopted liberal, open market economic development policy, the role of private sectors has increased significantly. List of Life Insurance companies in Nepal | Overview & Products The loan provided are Commercial loan, personal loan, mortgage loan, mortgage loan, recurring loan, purchase loan, health loan, loan against shares, loan for foreign employees, educational loan, term loan, agricultural loan, Bipanna Barga loan, FD loan. Yes, for free! The company were promoted by renowned entrepreneurs, industrialists and professionals with high experience and qualifications in their respective fields. Conventionally, financial institutions are made up of organizations such as banks, trust companies, insurance companies, and investment agents. Paid-up capital is created when a company sells its shares on the primary market directly to investors, usually through an initial public offering (IPO). At Srijana Finance you will surely find a loan product that is intended for you. Manjushree is a class C financial institution which is licensed by Nepal Rastra Bank. What is Paid-Up Capital? Difference between Authorised and Paid up Share Capital - ClearTax Paid up Capital Working Area 1 Nepal Bank Ltd. 1937/11/15 Dharmapath,Kathmandu 1128.28 National Level . Is It Legit to Invest in? Its improved version of mobile banking that can work both in SMS mode and on the Internet. What is Paid up Share Capital? NRB has grouped the BFIs into four major categories. Profit, equity, deposit raising, and investment are trending upward. Reliance Finance Limited Crystal Financial Services PVT LTD is a non-governmental company, incorporated on February 3, 1994. Likewise, Crystal Finance, one of the problematic finance, has the lowest capital of Rs 7 crores. All Companies Uttar Pradesh Finance . How is paid-up capital different from share capital? Name list of All the "Class B' Development Banks in Nepal - ImNepal.com The head office is located at the Shree Kingsway Tower, Ghantaghar, Durbarmarg, Kathmandu, Nepal. It appears as the owner's or shareholders' equity on the corporate balance sheet's liability side. paid-up capital the amount of CALLED-UP CAPITAL which shareholders have paid to date, where a JOINT-STOCK COMPANY issues shares with phased payment terms. This financial financing covers 3 districts of Nepal. Paid-up capital is created when a company sells its shares on the primary. A statement issued by the executive director of the committee, Rajaraman Poudel, states that the company has to submit its decision on the capital plan to the committee within 30 days. The institution is promoted by locally renowned businessmen, businessmen, educators, intellectuals, bankers, and former bureaucrats. It provides various loan facilities to our valued clients, such as rental purchase loan, home loan, real estate loan, educational loan, shared loan, fixed deposit loan and more. Rural Microfinance Development Center Limited (RMDC) which is already being traded in NEPSE has the highest paid up capital as well as highest Reserve and Surplus among all the 36 microfinance companies. It is currently traded in Nepal Stock Exchange with the symbol of SLICL. It was established according to the Financial Companies Law of 2042 B.S. The company, together with these, also offers remittance services and banking services by SMS. The Bank and Financial Institution Act, 2073 classifies Banks and Financial Institutions into A, B, C, and D classes. Currently, the company has an authorized capital of NPR 1.5 billion, an issued capital of NPR 917.28 million and a paid-in capital of NPR 917.28 million. But, in the fiscal year, the company changed its authorized capital to NPR 500 million and issued capital to NPR 225 million in order to meet the capital requirement set by insurance board. According to it, the commercial banks must maintain the regulatory minimum paid-up capital and then the minimum paid-up capital required under BASEL adjusting the risk exposure of the assets. Alpesh Finance Company Pvt.Ltd. - Company Details | The Company Check world oil prices. The Durbar Marg, Kathmandu-based company has six branches across the country so that its customers have easy access to its products and services. The current paid-up capital of NEPSE is NRs. top 10 universities in dubai with world class education. Advertisement. The head office is in the Omkar Second Floor building, Naya Baneshwor, Kathmandu. Established in Kartik 3, 2050 BS, the company is promoted by a group of highly committed and innovative entrepreneurs and is managed by a group of experienced professional managers, along with a host of young energetic employees. Other services provided by the institution are the ABBS service, the connection IPS, the installation of lockers, the remittance service, SMS banking, electronic banking and debit card. It provides the fixed deposit service and the savings deposit service. List of Commercial Banks in Nepal [updated] - Parash Bhandari Overview of Finance Companies in Nepal . Required fields are marked *. Our name was changed to . Guheswori Merchant banking and finance Ltd offers the services which are mobile banking, remittances, NCHL service, secure deposit box, C-ASBA, main facilities, electronic banking. 80%. Paid Up Capital: 52 Weeks High/Low: 408/219: EPS TTM: 0.40 (Book Close Adjusted) EPS Reported: 1.03: PE Ratio TTM: 807.85 : PB Ratio: 2.91 : ROE . There are 79 finance companies licensed by NRB in Nepal. Gurkhas Finance Limited was established in 2051 B.S. The office is located in Putalisadak, Kathmandu. It is also referred to as "contributed capital.". It is a limited company established under the Financial Companies Act 2042, in 2051 BS. The balance statement also lists the company's indebtedness. Increased paid up capital of insurance companies | Nepalnews Gulftips is the website that provides information about internet marketing, bringing you the unbiased review of the companies and their websites. Among them 18 Life Insurance Companies, 18 Non- Life Insurance Companies and 2 Re-Insurance Companies. Paid-up capital can never exceed authorized share capital. 79 finance companies are licensed by NRB in Nepal. It provides services to our country to send foreign currency which is just one more step for people living outside Nepal to send their money from anywhere in the world. Samudayik Laghubitta Bitiya Sanstha Ltd. 4-10 District Level (Sindhupalchowk, Kavrepalanchowk, Dolakha, Ramechhap, Solukhumbu,Okhaldhunga, Nuwakot, Khotang, Bhojpur, Sankhuasabha). It has been providing excellent services to its valued clients for 24 years. facilities. 18. NBL's authorized capital was NPR 10 million & issued capital NPR 2.5 million of which paid-up capital was NPR 842,000 with 10 shareholders. . carry out necessary actions for recovery of the microcredits on time. Deposit account : Yuva Bachat, Nari Bachat, Fixed Deposit, ASBA, Savings Account, Jumbo Savings, Gold Savings, Ketaketi Bachat, Senior Citizen Savings, Zero Savings Account and ICFC Super Savings. There are altogether 38 Insurance Companies licensed by Nepal Insurance Authority . carry out such other functions as prescription of the Rastra. The paid-in capital of the organization is 180 million. It provides the services such as fixed deposit, savings deposit, and various loans such as rental purchase loans, home loans, real estate loans, personal loans, business loans, industrial loans, educational loans, foreign employment loans, loans for stocks, loans for private sectors, Bipanna Barga Thok Karja, Productive sector, Wholesale loan, Business service loan, Miscellaneous loan. Section 11 : Paid up capital of public company - Act Nepal On the balance sheet, the par value of issued shares is listed as common stock or preferred stock under the shareholder equity section. It is mentioned that the paid-up capital should be maintained by April next year and the company which is not able to reach the required capital within that time period should maintain the capital in accordance with the 'Directive on Merger, Merger, and Acquisition of Insurers, 2076'. For fiscal year 2018, MPFL reported a net profit of NPR 6 million on an asset basis of NPR 276 million in mid-July 2018 versus a net profit of ~ NPR 7 million during fiscal year 2017 on an asset basis of NPR 223 million as of mid-July 2017. Paid-up capital represents money that is not borrowed. 2021. Annual Reports of Finance Companies of Nepal Life Insurance. The company is registered with the Chandigarh Registry Office (Chandigarh). Shree Investment & Finance offers fixed and savings accounts, commercial finance, personal home loans, real estate loans, purchase of residential / flat buildings, construction of residential / apartment buildings, construction of commercial complexes, purchase of residential land / planning and development of land, rental purchase, educational loan, loan against stocks and bonds, government bonds, short-term financing for working capital, private sector, foreign employment, bridge financing, consortium financing, non-fund limits (issuance of guarantees), money transfer, ECC Service, SMS Alert Service, CASBA. In addition, we provide you the tips and tricks with a guide to make money online and offline. Best Finance Company Ltd. | Nepal Stock Exchange | BFC Stock Price | BFC Share Price Best Finance Company Ltd. | Nepal Stock Exchange | BFC Stock Price | BFC Share Price . The headquarters of this organization is located in Hetauda-1, Makwanpur as well branches are located in Kathmandu Putalistak and Nepalgunj Road, Amarpath Butwal. Due to the new paid-up capital requirement of NRs.2.5 Arba (NRs. The company has ATMs in various places such as Besisahar, Putalisadak, Newroad, Nayabazar, and Thapathali. Is it legal? A company's paid-up capital figure represents the extent to which it depends on equity financing to fund its operations. I want to support young people for a happy and successful career. Probably the most important financial service provided by financial institutions is to act as financial intermediaries. LONDON: World oil prices slid to new multi-month lows on Friday as the market was rattled once again by concern about . Bharat Ram . Ganapati Microfinance Bittiya Sastha Ltd. Adhikhola Laghubitta Bittiya Sanstha Ltd. 4-10 District Level (Syangja, Kaski, Lamjung, Tanahu, Nawalparasi, Rupandehi, Palpa, Arghakhachi, Gulmi, Kapilvastu). SIFCO has itself achieved a niche position in Nepals financial sector, while firmly adhering to a policy of prudence and caution, the company has been at the forefront of introducing various innovative products and services. The share capital of the finance company comprises 51% of the promoters and 49% of the public. IPS (Interbank Payment System) helps you make funds transfers to and from Janaki Finance Company Limited (JFCL) to any member bank of Nepal Clearing House Limited (NCHL). Name list of All the Class 'C' Finance Companies in Nepal - ImNepal.com 2.5 billion. The Ministry of Corporate Affair charges the amount of Rs.5000 for minimum authorized capital of Rs.1 lakh. Called-Up Share Capital vs. Paid-Up Share Capital: What's the Difference? What is the difference between Paid in Capital and Paid up Capital? Let us assume this to be $1. Minimum Capital Required for Banks and Financial Institutions in Nepal, List of Popular Jatras Celebrated in Nepal, Karmachari Sanchaya Kosh Vacancy for 2079. Goodwill Finance Limited. Janaki Finance Company Limited (JFCL) provides NCHL IPS services for all branches. For a registered company in Singapore, it is mandatory to have a corporate bank account through which all company finances are handled. The company has branches in different parts of country such as Putalisadak, Kathmandu, Pokhara, Panauti, Baneshwor, Narayangadh, Gongabu, Beni, Nayabazar, Attariya and Besisahar, Nepal. Today we are here with the class C financial institutions of Nepal. Development of financial institutions in Nepal - SlideShare NRB issues circular on paid-up capital rules - The Himalayan Times