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'summary' => 'February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. ',
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February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. The insurance regulatory board is mulling to take appropriate steps after the companies failed to raise their paid-up capital by issuing bonus shares to the shareholders from the profit earned in the last fiscal year.</p>
<p>
A recent meeting of the board of directors of the insurance regulatory body decided not to extend the deadline after the companies failed to meet the deadline twice.</p>
<p>
According to Chiranjibi Chapagain, president of the Insurance Board, if the companies fail to meet the capital ceiling, they should distribute rights shares to the shareholders.</p>
<p>
The Insurance Board had directed the country’s life insurance companies to raise the capital to Rs 2 billion and non-life insurance companies to Rs 1 billion by the end of the last fiscal year. However, the regulatory board had extended the deadline till mid-January as the companies failed to raise the capital on time.</p>
<p>
Even after extension of the deadline for the second time, 20 companies are yet to raise the capital as directed by the Insurance Board.</p>
<p>
Currently, there are a total of 19 life insurance companies operating in Nepal. Of them, 10 companies have already raised the capital.</p>
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February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. The insurance regulatory board is mulling to take appropriate steps after the companies failed to raise their paid-up capital by issuing bonus shares to the shareholders from the profit earned in the last fiscal year.</p>
<p>
A recent meeting of the board of directors of the insurance regulatory body decided not to extend the deadline after the companies failed to meet the deadline twice.</p>
<p>
According to Chiranjibi Chapagain, president of the Insurance Board, if the companies fail to meet the capital ceiling, they should distribute rights shares to the shareholders.</p>
<p>
The Insurance Board had directed the country’s life insurance companies to raise the capital to Rs 2 billion and non-life insurance companies to Rs 1 billion by the end of the last fiscal year. However, the regulatory board had extended the deadline till mid-January as the companies failed to raise the capital on time.</p>
<p>
Even after extension of the deadline for the second time, 20 companies are yet to raise the capital as directed by the Insurance Board.</p>
<p>
Currently, there are a total of 19 life insurance companies operating in Nepal. Of them, 10 companies have already raised the capital.</p>
<p>
Likewise, of the 20 non-life insurance companies, 13 are yet to raise the paid-up capital as per the direction. </p>
<p>
</p>
<p>
</p>
<p>
</p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
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'summary' => 'February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. ',
'content' => '<p>
February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. The insurance regulatory board is mulling to take appropriate steps after the companies failed to raise their paid-up capital by issuing bonus shares to the shareholders from the profit earned in the last fiscal year.</p>
<p>
A recent meeting of the board of directors of the insurance regulatory body decided not to extend the deadline after the companies failed to meet the deadline twice.</p>
<p>
According to Chiranjibi Chapagain, president of the Insurance Board, if the companies fail to meet the capital ceiling, they should distribute rights shares to the shareholders.</p>
<p>
The Insurance Board had directed the country’s life insurance companies to raise the capital to Rs 2 billion and non-life insurance companies to Rs 1 billion by the end of the last fiscal year. However, the regulatory board had extended the deadline till mid-January as the companies failed to raise the capital on time.</p>
<p>
Even after extension of the deadline for the second time, 20 companies are yet to raise the capital as directed by the Insurance Board.</p>
<p>
Currently, there are a total of 19 life insurance companies operating in Nepal. Of them, 10 companies have already raised the capital.</p>
<p>
Likewise, of the 20 non-life insurance companies, 13 are yet to raise the paid-up capital as per the direction. </p>
<p>
</p>
<p>
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February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. The insurance regulatory board is mulling to take appropriate steps after the companies failed to raise their paid-up capital by issuing bonus shares to the shareholders from the profit earned in the last fiscal year.</p>
<p>
A recent meeting of the board of directors of the insurance regulatory body decided not to extend the deadline after the companies failed to meet the deadline twice.</p>
<p>
According to Chiranjibi Chapagain, president of the Insurance Board, if the companies fail to meet the capital ceiling, they should distribute rights shares to the shareholders.</p>
<p>
The Insurance Board had directed the country’s life insurance companies to raise the capital to Rs 2 billion and non-life insurance companies to Rs 1 billion by the end of the last fiscal year. However, the regulatory board had extended the deadline till mid-January as the companies failed to raise the capital on time.</p>
<p>
Even after extension of the deadline for the second time, 20 companies are yet to raise the capital as directed by the Insurance Board.</p>
<p>
Currently, there are a total of 19 life insurance companies operating in Nepal. Of them, 10 companies have already raised the capital.</p>
<p>
Likewise, of the 20 non-life insurance companies, 13 are yet to raise the paid-up capital as per the direction. </p>
<p>
</p>
<p>
</p>
<p>
</p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
//find the group of logged user
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February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. The insurance regulatory board is mulling to take appropriate steps after the companies failed to raise their paid-up capital by issuing bonus shares to the shareholders from the profit earned in the last fiscal year.</p>
<p>
A recent meeting of the board of directors of the insurance regulatory body decided not to extend the deadline after the companies failed to meet the deadline twice.</p>
<p>
According to Chiranjibi Chapagain, president of the Insurance Board, if the companies fail to meet the capital ceiling, they should distribute rights shares to the shareholders.</p>
<p>
The Insurance Board had directed the country’s life insurance companies to raise the capital to Rs 2 billion and non-life insurance companies to Rs 1 billion by the end of the last fiscal year. However, the regulatory board had extended the deadline till mid-January as the companies failed to raise the capital on time.</p>
<p>
Even after extension of the deadline for the second time, 20 companies are yet to raise the capital as directed by the Insurance Board.</p>
<p>
Currently, there are a total of 19 life insurance companies operating in Nepal. Of them, 10 companies have already raised the capital.</p>
<p>
Likewise, of the 20 non-life insurance companies, 13 are yet to raise the paid-up capital as per the direction. </p>
<p>
</p>
<p>
</p>
<p>
</p>
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February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. The insurance regulatory board is mulling to take appropriate steps after the companies failed to raise their paid-up capital by issuing bonus shares to the shareholders from the profit earned in the last fiscal year.</p>
<p>
A recent meeting of the board of directors of the insurance regulatory body decided not to extend the deadline after the companies failed to meet the deadline twice.</p>
<p>
According to Chiranjibi Chapagain, president of the Insurance Board, if the companies fail to meet the capital ceiling, they should distribute rights shares to the shareholders.</p>
<p>
The Insurance Board had directed the country’s life insurance companies to raise the capital to Rs 2 billion and non-life insurance companies to Rs 1 billion by the end of the last fiscal year. However, the regulatory board had extended the deadline till mid-January as the companies failed to raise the capital on time.</p>
<p>
Even after extension of the deadline for the second time, 20 companies are yet to raise the capital as directed by the Insurance Board.</p>
<p>
Currently, there are a total of 19 life insurance companies operating in Nepal. Of them, 10 companies have already raised the capital.</p>
<p>
Likewise, of the 20 non-life insurance companies, 13 are yet to raise the paid-up capital as per the direction. </p>
<p>
</p>
<p>
</p>
<p>
</p>
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include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
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February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. The insurance regulatory board is mulling to take appropriate steps after the companies failed to raise their paid-up capital by issuing bonus shares to the shareholders from the profit earned in the last fiscal year.</p>
<p>
A recent meeting of the board of directors of the insurance regulatory body decided not to extend the deadline after the companies failed to meet the deadline twice.</p>
<p>
According to Chiranjibi Chapagain, president of the Insurance Board, if the companies fail to meet the capital ceiling, they should distribute rights shares to the shareholders.</p>
<p>
The Insurance Board had directed the country’s life insurance companies to raise the capital to Rs 2 billion and non-life insurance companies to Rs 1 billion by the end of the last fiscal year. However, the regulatory board had extended the deadline till mid-January as the companies failed to raise the capital on time.</p>
<p>
Even after extension of the deadline for the second time, 20 companies are yet to raise the capital as directed by the Insurance Board.</p>
<p>
Currently, there are a total of 19 life insurance companies operating in Nepal. Of them, 10 companies have already raised the capital.</p>
<p>
Likewise, of the 20 non-life insurance companies, 13 are yet to raise the paid-up capital as per the direction. </p>
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'summary' => 'February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. ',
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February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. The insurance regulatory board is mulling to take appropriate steps after the companies failed to raise their paid-up capital by issuing bonus shares to the shareholders from the profit earned in the last fiscal year.</p>
<p>
A recent meeting of the board of directors of the insurance regulatory body decided not to extend the deadline after the companies failed to meet the deadline twice.</p>
<p>
According to Chiranjibi Chapagain, president of the Insurance Board, if the companies fail to meet the capital ceiling, they should distribute rights shares to the shareholders.</p>
<p>
The Insurance Board had directed the country’s life insurance companies to raise the capital to Rs 2 billion and non-life insurance companies to Rs 1 billion by the end of the last fiscal year. However, the regulatory board had extended the deadline till mid-January as the companies failed to raise the capital on time.</p>
<p>
Even after extension of the deadline for the second time, 20 companies are yet to raise the capital as directed by the Insurance Board.</p>
<p>
Currently, there are a total of 19 life insurance companies operating in Nepal. Of them, 10 companies have already raised the capital.</p>
<p>
Likewise, of the 20 non-life insurance companies, 13 are yet to raise the paid-up capital as per the direction. </p>
<p>
</p>
<p>
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<p>
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February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. The insurance regulatory board is mulling to take appropriate steps after the companies failed to raise their paid-up capital by issuing bonus shares to the shareholders from the profit earned in the last fiscal year.
A recent meeting of the board of directors of the insurance regulatory body decided not to extend the deadline after the companies failed to meet the deadline twice.
According to Chiranjibi Chapagain, president of the Insurance Board, if the companies fail to meet the capital ceiling, they should distribute rights shares to the shareholders.
The Insurance Board had directed the country’s life insurance companies to raise the capital to Rs 2 billion and non-life insurance companies to Rs 1 billion by the end of the last fiscal year. However, the regulatory board had extended the deadline till mid-January as the companies failed to raise the capital on time.
Even after extension of the deadline for the second time, 20 companies are yet to raise the capital as directed by the Insurance Board.
Currently, there are a total of 19 life insurance companies operating in Nepal. Of them, 10 companies have already raised the capital.
Likewise, of the 20 non-life insurance companies, 13 are yet to raise the paid-up capital as per the direction.
FormHelper::create() - CORE/Cake/View/Helper/FormHelper.php, line 383
include - APP/View/Articles/view.ctp, line 273
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February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. The insurance regulatory board is mulling to take appropriate steps after the companies failed to raise their paid-up capital by issuing bonus shares to the shareholders from the profit earned in the last fiscal year.</p>
<p>
A recent meeting of the board of directors of the insurance regulatory body decided not to extend the deadline after the companies failed to meet the deadline twice.</p>
<p>
According to Chiranjibi Chapagain, president of the Insurance Board, if the companies fail to meet the capital ceiling, they should distribute rights shares to the shareholders.</p>
<p>
The Insurance Board had directed the country’s life insurance companies to raise the capital to Rs 2 billion and non-life insurance companies to Rs 1 billion by the end of the last fiscal year. However, the regulatory board had extended the deadline till mid-January as the companies failed to raise the capital on time.</p>
<p>
Even after extension of the deadline for the second time, 20 companies are yet to raise the capital as directed by the Insurance Board.</p>
<p>
Currently, there are a total of 19 life insurance companies operating in Nepal. Of them, 10 companies have already raised the capital.</p>
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February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. The insurance regulatory board is mulling to take appropriate steps after the companies failed to raise their paid-up capital by issuing bonus shares to the shareholders from the profit earned in the last fiscal year.</p>
<p>
A recent meeting of the board of directors of the insurance regulatory body decided not to extend the deadline after the companies failed to meet the deadline twice.</p>
<p>
According to Chiranjibi Chapagain, president of the Insurance Board, if the companies fail to meet the capital ceiling, they should distribute rights shares to the shareholders.</p>
<p>
The Insurance Board had directed the country’s life insurance companies to raise the capital to Rs 2 billion and non-life insurance companies to Rs 1 billion by the end of the last fiscal year. However, the regulatory board had extended the deadline till mid-January as the companies failed to raise the capital on time.</p>
<p>
Even after extension of the deadline for the second time, 20 companies are yet to raise the capital as directed by the Insurance Board.</p>
<p>
Currently, there are a total of 19 life insurance companies operating in Nepal. Of them, 10 companies have already raised the capital.</p>
<p>
Likewise, of the 20 non-life insurance companies, 13 are yet to raise the paid-up capital as per the direction. </p>
<p>
</p>
<p>
</p>
<p>
</p>
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February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. The insurance regulatory board is mulling to take appropriate steps after the companies failed to raise their paid-up capital by issuing bonus shares to the shareholders from the profit earned in the last fiscal year.</p>
<p>
A recent meeting of the board of directors of the insurance regulatory body decided not to extend the deadline after the companies failed to meet the deadline twice.</p>
<p>
According to Chiranjibi Chapagain, president of the Insurance Board, if the companies fail to meet the capital ceiling, they should distribute rights shares to the shareholders.</p>
<p>
The Insurance Board had directed the country’s life insurance companies to raise the capital to Rs 2 billion and non-life insurance companies to Rs 1 billion by the end of the last fiscal year. However, the regulatory board had extended the deadline till mid-January as the companies failed to raise the capital on time.</p>
<p>
Even after extension of the deadline for the second time, 20 companies are yet to raise the capital as directed by the Insurance Board.</p>
<p>
Currently, there are a total of 19 life insurance companies operating in Nepal. Of them, 10 companies have already raised the capital.</p>
<p>
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February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. The insurance regulatory board is mulling to take appropriate steps after the companies failed to raise their paid-up capital by issuing bonus shares to the shareholders from the profit earned in the last fiscal year.</p>
<p>
A recent meeting of the board of directors of the insurance regulatory body decided not to extend the deadline after the companies failed to meet the deadline twice.</p>
<p>
According to Chiranjibi Chapagain, president of the Insurance Board, if the companies fail to meet the capital ceiling, they should distribute rights shares to the shareholders.</p>
<p>
The Insurance Board had directed the country’s life insurance companies to raise the capital to Rs 2 billion and non-life insurance companies to Rs 1 billion by the end of the last fiscal year. However, the regulatory board had extended the deadline till mid-January as the companies failed to raise the capital on time.</p>
<p>
Even after extension of the deadline for the second time, 20 companies are yet to raise the capital as directed by the Insurance Board.</p>
<p>
Currently, there are a total of 19 life insurance companies operating in Nepal. Of them, 10 companies have already raised the capital.</p>
<p>
Likewise, of the 20 non-life insurance companies, 13 are yet to raise the paid-up capital as per the direction. </p>
<p>
</p>
<p>
</p>
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include - APP/View/Elements/side_bar.ctp, line 60
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February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. The insurance regulatory board is mulling to take appropriate steps after the companies failed to raise their paid-up capital by issuing bonus shares to the shareholders from the profit earned in the last fiscal year.</p>
<p>
A recent meeting of the board of directors of the insurance regulatory body decided not to extend the deadline after the companies failed to meet the deadline twice.</p>
<p>
According to Chiranjibi Chapagain, president of the Insurance Board, if the companies fail to meet the capital ceiling, they should distribute rights shares to the shareholders.</p>
<p>
The Insurance Board had directed the country’s life insurance companies to raise the capital to Rs 2 billion and non-life insurance companies to Rs 1 billion by the end of the last fiscal year. However, the regulatory board had extended the deadline till mid-January as the companies failed to raise the capital on time.</p>
<p>
Even after extension of the deadline for the second time, 20 companies are yet to raise the capital as directed by the Insurance Board.</p>
<p>
Currently, there are a total of 19 life insurance companies operating in Nepal. Of them, 10 companies have already raised the capital.</p>
<p>
Likewise, of the 20 non-life insurance companies, 13 are yet to raise the paid-up capital as per the direction. </p>
<p>
</p>
<p>
</p>
<p>
</p>
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February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. The insurance regulatory board is mulling to take appropriate steps after the companies failed to raise their paid-up capital by issuing bonus shares to the shareholders from the profit earned in the last fiscal year.</p>
<p>
A recent meeting of the board of directors of the insurance regulatory body decided not to extend the deadline after the companies failed to meet the deadline twice.</p>
<p>
According to Chiranjibi Chapagain, president of the Insurance Board, if the companies fail to meet the capital ceiling, they should distribute rights shares to the shareholders.</p>
<p>
The Insurance Board had directed the country’s life insurance companies to raise the capital to Rs 2 billion and non-life insurance companies to Rs 1 billion by the end of the last fiscal year. However, the regulatory board had extended the deadline till mid-January as the companies failed to raise the capital on time.</p>
<p>
Even after extension of the deadline for the second time, 20 companies are yet to raise the capital as directed by the Insurance Board.</p>
<p>
Currently, there are a total of 19 life insurance companies operating in Nepal. Of them, 10 companies have already raised the capital.</p>
<p>
Likewise, of the 20 non-life insurance companies, 13 are yet to raise the paid-up capital as per the direction. </p>
<p>
</p>
<p>
</p>
<p>
</p>
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. The insurance regulatory board is mulling to take appropriate steps after the companies failed to raise their paid-up capital by issuing bonus shares to the shareholders from the profit earned in the last fiscal year.</p>
<p>
A recent meeting of the board of directors of the insurance regulatory body decided not to extend the deadline after the companies failed to meet the deadline twice.</p>
<p>
According to Chiranjibi Chapagain, president of the Insurance Board, if the companies fail to meet the capital ceiling, they should distribute rights shares to the shareholders.</p>
<p>
The Insurance Board had directed the country’s life insurance companies to raise the capital to Rs 2 billion and non-life insurance companies to Rs 1 billion by the end of the last fiscal year. However, the regulatory board had extended the deadline till mid-January as the companies failed to raise the capital on time.</p>
<p>
Even after extension of the deadline for the second time, 20 companies are yet to raise the capital as directed by the Insurance Board.</p>
<p>
Currently, there are a total of 19 life insurance companies operating in Nepal. Of them, 10 companies have already raised the capital.</p>
<p>
Likewise, of the 20 non-life insurance companies, 13 are yet to raise the paid-up capital as per the direction. </p>
<p>
</p>
<p>
</p>
<p>
</p>
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February 24: The Insurance Board has decided not to extend the deadline given to the insurance companies to raise their paid-up capital after its expiry in mid-January. The insurance regulatory board is mulling to take appropriate steps after the companies failed to raise their paid-up capital by issuing bonus shares to the shareholders from the profit earned in the last fiscal year.</p>
<p>
A recent meeting of the board of directors of the insurance regulatory body decided not to extend the deadline after the companies failed to meet the deadline twice.</p>
<p>
According to Chiranjibi Chapagain, president of the Insurance Board, if the companies fail to meet the capital ceiling, they should distribute rights shares to the shareholders.</p>
<p>
The Insurance Board had directed the country’s life insurance companies to raise the capital to Rs 2 billion and non-life insurance companies to Rs 1 billion by the end of the last fiscal year. However, the regulatory board had extended the deadline till mid-January as the companies failed to raise the capital on time.</p>
<p>
Even after extension of the deadline for the second time, 20 companies are yet to raise the capital as directed by the Insurance Board.</p>
<p>
Currently, there are a total of 19 life insurance companies operating in Nepal. Of them, 10 companies have already raised the capital.</p>
<p>
Likewise, of the 20 non-life insurance companies, 13 are yet to raise the paid-up capital as per the direction. </p>
<p>
</p>
<p>
</p>
<p>
</p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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