To Fill the reserved Shares of Foreign Employees, a Seperate"CRN" Number to be Issued From Today

Investors who wish to apply for shares with reserved rights for foreign employment will begin receiving "CRN" numbers from today. Likewise, the Central Depository System (CDSC) will allow a change of CRN number.

As of today, Mangsir 7, investors who are employed overseas may modify their CRN number. The investor has to change the CRN number through the bank where he has opened the account.

In a similar vein, those who open a new Demat account must add a remittance account number and obtain a CRN number in addition to adding a bank account to their new Demat account. Investors who have already opened an account, they should get in touch with the bank and ask to update the old account and add it to the remittance account.

Also, determining whether the account is a remittance account or not and providing the CRN number will be the responsibility of the bank.

After confirming the investor's beneficiary account, banks and other financial institutions issue CRNs (C-ASBA Registration Numbers) to each investor. Only shareholders who have a CRN number can apply to buy shares using their bank account. Currently, there are a total of 56 registered banks in C-ASBA. 

Recently, Kalinchowk Darshan Limited (KDL) has published an offer letter to issue its IPO to the project affected locals and Nepalese citizens working abroad. The IPO issue for the locals and Nepalese citizens working abroad will open on Mangsir 14, and close on Mangsir 28, 2079. Hence, KDL becomes the first entity to issue IPO to investors working oversees.