Kathmandu. Those holding more than 25 percent of the founder shares in microfinance institutions will not get dividends.

Nepal Rastra Bank (NRB) on Wednesday issued a working procedure for granting consent to publish financial statements and approving dividends for the purpose of the annual general meeting of licensed banks and financial institutions.

In order to get dividend, you have to have more than 25 percent share in microfinance. If the founders retain less than 25 percent of the shares, they will get dividends.

According to the procedure issued by this bank, a maximum of 15 percent of the paid-up capital and a maximum of 1 percent of the paid-up capital can be invested in other banks and financial institutions while investing in the founder shares of a bank and financial institution licensed by this bank, and in the case of “D” class institutions, the limit mentioned above can be invested at 25 percent and 10 percent respectively. To put on hold. The investment limit mentioned shall not be applicable when the Government of Nepal, Nepal Rastra Bank and banks and financial institutions invest in subsidiary companies as founders.