Global IME Bank and Nepal Investment Bank urge shareholders to dematerialize their shares to receive dividend; tax liability on bonus of Global Bank to be incurred by shareholders

The 12^th AGM of Global IME Bank Limited (GBIME) had endorsed distribution of 16% bonus shares for the shareholders from the profits of FY 74/75. For this purpose, the commercial bank has published a notice, urging the shareholders to dematerialize their shares and bear the tax liability on the bonus shares.

As per the notice published, the shareholders who obtained shares after 25th Asadh, 2074, will be eligible to obtain their bonus shares after they incur the tax liability on their respective bonus share. The shareholders are required to deposit the tax amount in A/C No. 007530524026 at the nearest Global Bank branch. After sending the original deposit voucher to Global IME Capital, the investors will receive the bonus share within a week’s period. To find out ones tax liability, the investor can contact Global IME Capital or visit www.globalimecapital.com.

Similarly, the 32^nd AGM of Nepal Investment Bank Limited (NIB) has endorsed the distribution of 18% bonus shares for the shareholders from the profits of FY 74/75. The bank has urged its shareholders to dematerialize their share to receive the bonus shares.

As per the notice published, the bonus share will be distributed in chronological order. Also, shareholders who are yet to collect the cash dividend for previous years can contact the share registrar, NIBL Ace Capital and claim their cash dividend.