Machhapuchchhre Bank Limited has issued an important notice to shareholders about unclaimed cash dividends that are over five years old.
The announcement follows a decision from the bank’s 15th Annual General Meeting (AGM) for fiscal year 2075/76, held on Mangsir 2, 2076.
As per the Companies Act 2063, any dividend left unclaimed for more than five years must be transferred to the Investor Protection Fund under the Securities Board of Nepal (SEBON).
Key Figures
| Description | Fiscal Year (B.S.) | Amount / Reference | Notes |
|---|---|---|---|
| Dividend declaration year | 2075/76 | — | Approved in AGM on Mangsir 2, 2076 |
| NEPSE-listed company code | — | 198 | Company code in the Nepal Stock Exchange |
| Legal provision for transfer | — | Section 205(1) | As per the Companies Act, 2063 |
Action for Shareholders
Shareholders with unclaimed dividends older than five years should contact the bank’s Share Department immediately. Required documents, including identification and shareholder details, must be presented.
Important Reminder
Once the dividends are transferred to the Investor Protection Fund, they cannot be claimed from the bank. Shareholders are advised to act before the transfer deadline.
Notice: Machhapuchchhre Bank Urges Shareholders to Claim Old Cash Dividends
