Premier Insurance urges its shareholders to pay tax first for getting 84% bonus shares; more trouble for investors

Premier Insurance Company (Nepal) Limited (PIC) urges its shareholders to pay tax on the 84% bonus share. PIC is distributing 84% bonus share from the profit of fiscal year 2074/75. Shareholders holding the share up to Ashad 19, 2076 are getting the bonus shares.

The shareholders are requested to deposit the tax amount in A/c no. 00615006821 of Siddhartha Bank Limited and the amount can be deposited from any branch of Siddhartha Bank. Shareholders need to mention DEMAT account number, name and contact number at deposit slip.

The shareholders need to present (or inform) the deposit slip of tax paid to the head office of Premier Insurance, Narayanchaur, Naxal.

Of those shareholders who have used their shares as collateral for loan will be receiving bonus only after the shares are released. In addition, the company has also requested shareholders to dematerialize their shares to get their bonus share as soon as possible.

The detail of tax is available in company website www.premier-insurance.com.np.