Nepal Credit and Commerce Bank published notice regarding dematerialization and collection of unclaimed dividend

Nepal Credit and Commerce Bank Limited (NCCB) has urged its shareholders to claim uncollected dividend and dematerialize their shares.

The dividends endorsed by different AGMs of former Infrastructure Development Bank, Supreme Development Bank, Apex Development Bank and International Development Bank before merger with NCCB are yet to be collected by some shareholders.

The bank has instructed the shareholders who have not yet claimed past dividends of the above mentioned companies, to contact share registrar Sunrise Capital Limited or to update their bank accounts with respective merchant banks in order to claim the past dividends within 35 days of publishing the notice.

Dividends that remain unclaimed for a period of five years will be transferred to investors’ protection fund as per the stated law.

The company has also urged shareholders to dematerialize their shares.