Reliance Finance Limited Issues Important Notice to Shareholders Regarding Unclaimed Dividend
25th November 2025, Kathmandu
Reliance Finance Limited has issued an urgent public notice appealing to shareholders who have outstanding uncollected cash dividends to promptly contact the company’s share registrar and process their claims.
Reliance Finance Unclaimed Dividend
This notice is a mandatory legal compliance requirement, alerting investors that their unclaimed amounts are at risk of being transferred to the national Investor Protection Fund. The company has been explicit in requesting the settlement of uncollected cash dividend amounts from the fiscal years 2017/18 and 2018/19.
Legal Rationale for the Urgent Notice
The immediate collection of dividends is crucial because of specific provisions within Nepal’s corporate and securities legislation that mandate the handling of unclaimed investor funds.
Companies Act 2063 (Section 183): This primary piece of corporate law establishes the legal foundation for the Investor Protection Fund (IPF). Section 183 outlines the requirement for the establishment of this fund, intended to protect the interests of investors in the event of unforeseen financial circumstances or the non-payment of dues by market intermediaries.
Investor Protection Fund Operation Procedure 2073: This procedural document, approved by the relevant authorities, details the practical mechanisms and rules governing the establishment, operation, and utilization of the IPF. It provides the framework for transferring unclaimed assets to the fund.
Companies Act 2063 (Section 182, Sub-section 9): This specific sub-section deals directly with the disposition of unclaimed dividend amounts. Under this legal provision, any cash dividend amount that remains uncollected by a shareholder after a specified statutory period must be compulsorily transferred from the company’s books and deposited into the operational Investor Protection Fund. Once transferred, reclaiming the funds becomes a more complex process involving the Fund’s administrators.
Reliance Finance Limited is thus issuing this notice to fulfill its legal obligation to warn shareholders and provide a final opportunity to claim their dividends before the statutory transfer takes place.
Claim Deadline and Procedure
Shareholders must act swiftly to prevent their dividend amounts from being transferred out of the company’s direct custody.
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Deadline to Claim: Shareholders are given a strict deadline of one month from the date of the notice, 25th November 2025, to contact the share registrar and complete all necessary documentation and procedures for claiming their outstanding cash dividends.
Consequence of Non-Claim: If shareholders fail to contact the registrar within this one-month period, the unclaimed cash dividends will be transferred to the Investor Protection Fund as per the prevailing law. This is a crucial financial loss of convenience for the shareholder.
Claim Location: All claims must be processed through the official share registrar, Lakshmi Sunrise Capital Limited, which is located at Kamalpokhari, Kathmandu. This centralized point ensures the security and accuracy of the dividend disbursement process.
Additional Instructions for Shareholders
To streamline the payment process and ensure future dividend distributions are successful, Reliance Finance has also issued mandatory preparatory instructions for all shareholders.
Dematerialization (Demat): Shareholders who have not yet converted their physical share certificates into electronic format (dematerialized their shares) are urgently requested to complete this process at the earliest. Modern dividend payments, especially bonus and rights shares, are almost exclusively processed through Demat accounts.
Permanent Account Number (PAN) Update: Shareholders must ensure that their Permanent Account Number (PAN) is accurately updated in their share records maintained by the registrar. PAN is essential for tax compliance and for the company to correctly withhold and remit any applicable taxes on future cash dividends. Failure to link the PAN can complicate future transactions.
Information Availability: The company has also announced that the comprehensive list of shareholders with unclaimed dividends for the affected fiscal years is publicly accessible. Shareholders are advised to visit the company’s official website, www.reliancenepal.com.np, to verify if their name is on the list and determine the exact amount they need to claim.
Reliance Finance Limited, with its head office located at Reliance Bhawan, Kamaladi, Kathmandu, is available for contact regarding general inquiries via phone at +977-1-5361104, 5323117, 5361041, 5361167, 5903698, and email at [email protected]. The company’s focus on regulatory compliance, as articulated in this notice, is a core part of its mission to redefine financial services by improving shareholder diligence and market transparency.
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