India, Nov. 25 -- Listed companies at the Nepal Stock Exchange (NEPSE) will have to pay the dividend tax by themselves, with the Securities Board of Nepal (SEBON) revising the rules through an amendment in its directives.

As of now, the listed companies have been making the beneficiaries clear the tax by themselves while issuing bonus shares. The sector's regulator has enforced the new rule after a number of companies have been found delaying to transfer bonus shares in the name of beneficiaries on pretext of not clearing the tax dues.

Published by HT Digital Content Services with permission from Republica....