CDSC urges investors to include bank accounts while opening Demat account

CDS and Clearing Limited has published a notice addressing all the investors to provide their respective bank accounts for the distribution of IPO refund and cash dividend. As per the direction of Securities Board of Nepal (SEBON), all the listed companies in Nepal Stock Exchange Limited (NEPSE) should deposit the IPO refunds and cash dividend of the investors in their respective bank accounts. For this purpose, all investors should include their bank accounts while opening a Demat account to receive the IPO refund and cash dividends. Those investors who already have DEMAT account should also update their bank account within Chaitra end with their respective depository participants. Details of bank account and DEMAT account should match each other.