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NRNA Development Fund company registration process begins

(The Non-Resident Nepali Association (NRNA) held a program today to sign the NRN Development Fund’s management letter, regulations and company registration documents on behalf of the founders in Kathmandu. Photo: Kumar Panta)

N24 Staff Writer, KATHMANDU:- The Non-Resident Nepali Association (NRNA) held a program today and signed the management letter rules and company registration documents of the NRNA Development Fund on behalf of the founders available in Kathmandu.

Chairman Kumar Panta said that he was very happy to announce that the important plan under the campaign to contribute to the development and prosperity of the country has reached the stage of materialization after a long effort.

The Non-Resident Nepali Association has already committed to invest Rs 500 million in the Rs 10 billion funds by the government.

In addition, other founders have already invested Rs 1.70 billion to invest Rs 1 billion at 10 percent.

Eighty-five percent of non-resident Nepalis around the world will be able to invest $ 10 or more.

Chairman Kumar Panta is of the opinion that the waiting time of non-resident Nepalis from all over the world eager to invest in Nepal’s infrastructure sector is now over. Panta also informed that the IPO will be issued soon after the registration process is over.

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