y comment on Sanj Maharjan ji post regarding FPO.
The law says minimum 30% shares should be offered to general public. Also it says for joint ventures, NRB will prescribe such percentage (on case by case basis?). Hence, Joint ventures could not be forced to have 70 - 30 and other banks and BFIs are also not restricted to just 30% to public offering. Therefore, if BFIs get NRB approval, they may go for FPO (This is my opinion. I have no background in law). In this situation, when the BFIs are forced to increase their paid up capital and FPO is one such instrument, we should get better educated in this regard. I request friends with background in corporate law to enlighten us. (Please also read section 7 of the act. http://www.lawcommission.gov.np/.../banks-and-financial...).
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