Union Life Insurance Company Urges Shareholders To Pay Tax For 8.97% Bonus Shares

Union Life Insurance Company Limited (ULI) has urged its shareholders to pay the tax amount for 8.97% bonus shares.

The company convened its 5th AGM for the fiscal year 2077/78 on 26th Magh, 2079. The meeting endorsed 8.97% bonus shares worth Rs. 19,28,55,000 for the fiscal year 2077/78 from the company's paid-up capital of Rs. 2.15 Arba.

The bonus shares have already been listed in NEPSE. Therefore, shareholders who were maintained before the book closure date i.e. Magh 16, 2079 will have to pay the tax amount on the dividend proposed.

The details of the tax amount that a shareholder has to pay can be found on the website of the share registrar Prabhu Capital https://www.prabhucapital.com/bonus-tax

The tax amount should be paid to the following account while mentioning the shareholder's account number, name, and phone number/ email:

Bank Name: Prabhu Bank Limited
Account Name: Union Life Insurance Company Limited
Account Number: 0890089954100121
Branch: Waling

Additionally, if eligible investors had taken a loan against the shares of the company before the book closure date, they should present a No Objection Letter from their lending institution to receive the dividend.

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