annual report seb on 207071

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About Securities market of Nepal

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7/18/2019 Annual Report Seb on 207071

http://slidepdf.com/reader/full/annual-report-seb-on-207071 1/54

 

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7/18/2019 Annual Report Seb on 207071

http://slidepdf.com/reader/full/annual-report-seb-on-207071 2/54

 

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7/18/2019 Annual Report Seb on 207071

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7/18/2019 Annual Report Seb on 207071

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af8{sf jtdfg kbflwsf/L tyf ;b:ox?

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sfg'g Gofo, ;+ljwfg ;ef tyf ;+;bLoAoj:yf dGqfno

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k|ltlgwL, g]kfn pBf]u afl0fHo dxf;+3 

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g]kfn ;/sf/af6 dgf]lgt 

7/18/2019 Annual Report Seb on 207071

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7/18/2019 Annual Report Seb on 207071

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g]kfn lwtf]kq af]8{ j flif{s k|ltj]bg, @)&)÷&! 

cWIfsf]dGJo

lwtf]kq ; DaGwLP]g, @) #̂sf]bkmf @̂ df ePsf]Joj :yf cg'; f/ cfly{s j if{@)&).&! sf]g]kfn

lwtf]kq af]8{sf]j flif{s k|ltj]bg ; dodf g}k|:t't ug{kfpFmbf ; DalGwt ; a}df v'zLJoQmug{r fxG5'. o; j flif{s k|ltj]bgdf af]8{af6 cfly{s j if{@)&).&! df ePsf sfdsf/j fxLx?, lwtf]kq ahf/sf]cj :yf, lwtf]kq Joj ; foLtyf ; "rLs[t ; +ul7t ; +:yfx?sf]ultlj lw; dfj ]z ul/Psf]5 .

kF"hLahf/sf]lj sf; / nufgLstf{x?sf]lxt ; +/If0f ug]{clek|fon]af]8{n]/fhwfgLaflx/ nufgLstf{,pBf]uLJoj ; foLnufot ; DalGwt ; j }nfO{; du|kF"hLahf/sf]; DaGwdf 1fg Pj+hfgsf/Lk|bfg ug]{p2]Zon] ljut aif{x?df h:t}o; aif{; d]t k" j {d]lrb]lv klZrd dxfsfnL; Dd b]zsf ljeGg:yfgx?df kF"hLahf/ ; DaGwLhgr]tgf clea[l4 tyf nufgLstf{k|lzIf0f sfo{qmdx? ; +r fng u/]sf]lyof] . o:tf sfo{qmdx?df pBf]uL, Joj ; foL, sd{r f/Ltyf ; j {; fwf/0fx?af6 ePsf]pT; fxhgs

; xeflutfn]k"FhLahf/k|lt ; j {; fwf/0fsf]Wofgfs{if0f ePsf]b]lvG5 . lwtf]kq ahf/sf nufgLstf{x?sf]; d:of, u'gf; f, ; Nnfx / ; 'emfj ; xh ?kdf k|fKt ug{; lsof]; eGg]p2]Zon]o; cfly{s j if{b]lvaf]8{df lgz'NsMx6nfO{g 6]lnkmf]gsf]Joj :yf ul/Psf]5 . k"FhLahf/sf]la:t f/df s]Gb|Lo lgIf]k ; ] j fsf]dxTj k"0f{e"ldsf /xg]kl/k]|Iodf o; nfO{;+r fngdf Nofpg af]8{n]lwtf]kqsf]s]GbLo lgIf]k ; ] j flgodfjnL, @) &̂sf]Joj :yf adf]lhd o; cfly{s j if{df !$ j 6f sDkgLx?nfO{lgIf]k ; b:osf]?kdfbtf{u/]sf]5 . lgIf]k ; b:ox? dfkm{t nufgLstf{x?nfO{lwtf]kqdf nufgLug{cef}lts vftf vf]nLlwtf]kqsf]s]Gb|Lo lgIf]k k|0ffnLdf cfj 4 x'g]cj ; / k|bfg x'G5 . o; /Laf]8{n]ahf/ lasf; sf nfluu/]sf pk/f]Qmfg'; f/sf sfo{x?sf]kmn:j ?k k"FhLahf/k|lt nufgLstf{x?sf]laZj f; df clea[l4 tyf; xeflutfdf j [l4 eO{ut cfly{s aif{sf]cGtdf %!*=##df /x]sf] g]K; ] kl/; "r s cfly{s aif{@)&)÷&! sf]cGtdf !)#̂=!! laGb'df k'u]sf]5 . g]kfn :6s PS; r ]Ghsf]laBdfg sf/f]af/ k|0ffnLsf]Ifdtf clea[4Lu/Lk"0f{:j r flnt OG6/g]6df cfwfl/t cgnfO{g k|0ffnLagfpg]sfo{; d]t b'|t ultdfcufl8 a9L/x]sf]5 . ; du|df of]j if{ahf/sf]cj :yf pT; fxa4{s ePsf]kfO{Psf]5 . o; sf clt l/Qmb]zsf lj leGg If]qsf hg; d'bfoaf6 lwtf]kqsf]v/Lb laqmL; ] j f :yfgLo :t/af6 g}ug{kfpg'kg]{h:tf r 'gf}tLk"0f{dfux? klg a9b}uO/x]sf]5 .

nufgLstf{x?sf]hf]vLd axg Ifdtf cg'; f/sf]lwtf]kq cf}hf/x?df lalj lws/0f lj sf; s}qmddf /x]sf]5 . ; "lrs[t ; +ul7t ; +:yfx?sf] lwtf]kq ahf/ ; "rgf k| j fx tyf ; +:yfut ; 'zf; gsf] l:ylt

; 'wf/f]Gd'v /x]sf]]5 . a:t' ahf/sf]lgodg lwtf]kq af]8{n]]ug]{k[i7e"lddf pQmahf/sf]lgodgsfnfuLcfj Zos sfg"gLk" j f{wf/ tof/ u/Lxfn ;+r fngdf /x]sf ; +:yfx?nfO{lgodg bfo/fdf Nofpg'r 'gf}tLk"0f{sfo{/x]sf]5 . ; "lrs[t ; +ul7t ; +:yf, lwtf]kq Joj ; foLtyf ahf/sf cGo k" j f{wf/x?sf]a[4L; Fu; Fu}lwtf]kq af]8{sf]; +:yfut Ifdtf clea[l4 ug]{sfo{r 'gf}tLk'0f{/x]sf]5 . cufl8 b]lvPsfoLr'gf}tLx?nfO{s'zntfk" j {s ; fdgf ub}{Ps :j R5, lj Zj ; gLo, kf/bzL{, hj fkmb]xL, ultzLn tyfk|lt:kwL{lwtf]kq ahf/ lasf; tyf lj :tf/sf]cfkmgf]nIo k|fKt ug{af]8{lg/Gt/ k|lt j 4 /x]sf]5 .

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g]kfn lwtf]kq af]8{ j flif{s k|ltj]bg, @)&)÷&! 

o; /Laf]8{n]cfkm\gf]p4]Zo xfl; n ug]{qmddf lwtf]kq ahf/ lgodg tyf lj sf; sf]sfo{df dxTj k"0f{of]ubfg k'/\ofpg'ePsf af]8{sf k" j {cWoIfHo"x? k|lt af]8{kl/j f/sf]tkm{af6 k|z+; f JoQmug{r fxG5' .o; }u/Laf]8{df g]kfn ; /sf/, cy{dGqfnosf]tkm{af6 k|lt lglwTj ug'{ePsf lgj t{dfg ; b:o >LhGdho /]UdLHo", g]kfn /fi6«a}+saf6 k|lt lglwTj ug'{ePsf lgj t{dfg ;b:o >Lefis/dl0f 1j fnLHo",g]kfn r f6{8{PsfpG6]G6\; ; +:yfaf6 k|lt lglwTj ug'{ePsf lgj t{dfg ; b:o >Lg/]Gb|e§/fO{Ho"/ g]kfnpBf]u j fl0fHo dxf;+3af6 k|lt lglwTj ug'{ePsf lgj t{dfg ;b:o >Lk|bLkh+u kf08]Ho"nfO{af]8{sf]gLlt lgdf{0f sfo{df pxfFx?n]k'¥ofpg'ePsf]cd"No of]ubfgsf]nflu wGoj fb 1fkg ug{r fxG5'.

lwtf]kq ahf/ lj sf; sf nflu gLltut ; xof]u k'¥ofpg]g]kfn ; /sf/–cy{dGqfno, sfof{Gj og txdfg]kfn :6s PS; r ]~h ln=, s]Gb|Lo lgIf]k ; ] j f sDkgL, lwtf]kq Joj ; foLx?, ; "r Ls[t sDkgLx?,; j {; fwf/0f nufgLstf{x?, lwtf]kq ahf/; Fu ; DalGwt cGo lgsfox? / cfly{s kqsf/x? ;a}k|lt

wGoj fb JoQmub{5' . lwtf]kq ahf/ lj sf; sf]nflu ; do ; dodf dfu ePsf]; xof]u k'¥ofpg]lgsfox?Mg]kfn ; /sf/, cy{dGqfno, sfg"g tyf Gofo ; +ljwfg ; ef tyf ; +; bLo Joj :yf dGqfno,g]kfn /fi6«a}+s, aLdf ; ldlt, g]kfn r f68{PsfpG6]G; ; +:yf tyf g]kfn pBf]u afl0fHo dxf; +3nfO{w]/}w]/}wGoj fb lbg r fxG5' . o;}u/Laf]8{sf]Ifdtf clej [l4, lwtf]kq ahf/ ; 'wf/ tyf af]8{sfkbflwsf/L/ sd{r f/Lx?sf]hfgsf/Ltyf sfo{bIft f clej [l4df ;xof]u k'¥ofpg]ef/t ; /sf/, lj Zja}+s, Pl; ofnL lj sf; a}+s, Financial Services Agency-Japan,  Securities and Exchange

Surveillance Commission- Japan, US Securities and Exchange Commission, Asia-Pacific

Economic Cooperation, Korea Financial Investment Association, Securities Commission,

Malaysia, Organisation for Economic Co-operation and Development (OECD) tyf Securities

and Exchange Board of India nufot cGo ; a}; DalGwt ; xof]uLlgsfox?nfO{klg wGoafb lbgr fxG5'.

cGTodf, af]8{; b:oHo"x?n]af]8{df k'¥ofpFb}cfpg'ePsf]of]ubfgsf]sb/ ub}{j xfFx? k|lt k|z+; f JoQmug{r fxG5'. ; fy}af]8{sf sd{r f/Lx?sf]st{ Jo k|ltsf]lgi7f Pj +lg/Gt/ k|of; sf]nflu wGoj fb 1fkgub{5'.

afa'/fd >]i7cWoIf

sflQs @%, @)&!

7/18/2019 Annual Report Seb on 207071

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g]kfn lwtf]kq af]8{ j flif{s k|ltj]bg, @)&)÷&! 

lj ifo–; L

  k]h g+

 = ; +IfK cfly{ l:ylt!=! lj Zj cfly{s l:ylt !!=@g]kfnsf]cfly{s tyf k"FhLahf/ l:ylt @

@= g]kfn lwf]kq af]8{ %

  @=! p2]Zo tyf sfo{x? %

  @=@; ~r fns af]8{ %

  @=#; +u7g ; +/r gf ^

  @=$ ; ldltx? ^

  @=%lj QLo ; |f]t &  @=̂cGt/f{li6«o ; DaGw *

@=&cf=j =@)&)÷&! sf]ah]6 j QmJodf k"FhLahf/ (@=* cg'dlt kq k|bfg tyf gj Ls/0f !)@=( sfg"gLJoj :yf / k|anLs/0f !!@=!) ; 'k/Lj ]If0f tyf cg'udg !@

  @=!! nufgLstf{k|lzIf0f tyf tflnd sfo{qmd !%  @=!@tflnd tyf ; ]ldgf/df ; xeflutf !^  @=!#k|sfzg tyf ; "r gf k| j fx !&

  @=!$ cWoog tyf cg'; Gwfg !*

#= k|ylds ahf/sf]cj :yf (

#=! lwtf]kq btf{tyf lj j /0fkq :j Ls[lt !(#=@; fd"lxs nufgLsf]if / of]hgf btf{tyf lgisfzg @!

$= lwf]kq bf] |]ahf/sf]cj :yf @@

$=! lwtf]kq ; "rLs/0f @@  $=@lwtf]kq sf/f]af/ @$

$=#ahf/ k"FhLs/0f @$$=$ ; "rLs[t lwtf]kqsf]r 'Qmf d"No @%

  $=%g]K; ]kl/; "r s @% 

%= ; d:of tyf r 'gf}L/ sfo{f]hgf @̂

%=! ; d:of tyf r 'gf}tL @̂%=@sfo{of]hgf @&

  cg'; "Lx? -@–$$_

7/18/2019 Annual Report Seb on 207071

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1  g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

= ;+lIfKt cflys l:ylt

= ljZj cflys l:ylt

cGt/f{li6«o d'b|f sf]ifn] ;g\ @)!$ sf] clk|ndf k|sflzt u/]sf] ljZj cfly{s kl/b[Zosf cg';f/ ;g\ @)!@ df #=(

k|ltzt /x]sf] ljZj pTkfbg ;g\ @)!# df )=@ k|ltztn] C0ffTds eO{ #=) k|ltzt /x]sf] lyof] . ljZj pTkfbg;g\ @)!$ df #=^ k|ltzt tyf ;g\ @)!% df #=( k|ltztn] a9g] k|If]k0f sf]ifsf] /x]sf] 5 . cd]l/sL df}lb|s tyf

ljQ gLltsf] k|efjsf] sf/0f ;du| dfudf j[l4 x'g]  / o'/f] If]qdf klg dGbLsf] c;/af6 lj:tf/} dfly p7\b} hfg] 

cg'dfgsf]  cfwf/df ;g\  @)!# sf]  t'ngfdf @)!$ df ljZjsf]  cfly{s j[l4b/df s]xL ;'wf/ x'g]  b]lvPsf]  5 .

If]qut ?kdf eGbf dWo tyf k" jL{  o'/f]k]nL d'n'sx? tyf o'/f]lkog o'lgogsf d'n'sx? afx]s cGo ;a}  If]qsf] 

j[l4b/ ;g\  @)!@ sf]  t'ngfdf ;g\  @)!# df 36]sf]  sf/0f ;g\  @)!# sf]  ljZj cfly{s j[l4b/ )=@ k|ltzt

;LdfGt b/n] 36]sf] xf] . ljZjsf] cfly{s j[l4sf] k|j[lQnfO{ tflnsf ! df k|:t't ul/Psf] 5 .

tflnsf M ljZjsf cflys jl4b/

- jflif{ s k|ltzt kl/jt{ g_  

qm=;= ljj/0f

jif -;g\_

kIfk0f 

@) @ @) # @) $ @) %

! ljZjsf] pTkfbg #=@ #=) #=^ #=(

@ ljsl;t cy{tGq !=$  !=#  @=@  @=# 

# pbLodfg tyf ljsf;zLn cy{tGq %=) $=& $=( %=#

$ ljsfzf]Gd'v Plzof ^=& ^=% ^=& ^=*

% dWok" j{ tyf pQ/ clkm|sL d'n'sx? $=! @=@ #=@ $=%

^ dWo tyf k" jf{ o'/f]k]nL d'n'sx? !=$ @=* @=$ @=(

& o'/f]lkog o'lgogsf d'n'sx? –)=# )=@ !=^ !=*

* rLg &=& &=& &=% &=#

( blIf0f Pl;ofnL /fi6«x?

ckm\uflg:tfg !$=) #=^ #=@ $=%

ef/t $=& $=$ %=$ ^=$

e'6fg ^=% %=) ^=$ &=^

DfflNbE; )=( #=& $=@ $=%

a+unfb]z ^=! %=* ^=) ^=%

kfls:tfg $=$ #=^ #=! #=&

>Ln+sf ^=# &=# &=) ^=%

g]kfn $=( #=^ $=% $=%

;|f] tM cfly{ s ;j{  ] If0f, @)&).&! tyf jN8{  Osf] gf] lds cfp6n's, clk|n @)!$

;g @)!# df !=# k|ltztn] lj:tf/ ePsf]  ljsl;t d'n'ssf] cy{tGq ;g @)!$ df @=@ k|ltztn] a9g] k|If]k0fcGt/f{li6«o d'b|f sf]ifsf] /x]sf] 5 . ljsl;t d'n'sx? dWo] cd]l/sL cy{tGq ;g\ @)!# df !=( k|ltztn] a9]sf]df

;g @)!$ df s]xL ;'wf/ cfO{ @=* k|ltzt /xg] k|If]k0f sf]ifsf] /x]sf] 5 . cfGtl/s dfudf ePsf] pNn]Vo j[l4sf

sf/0f cd]l/sL cfly{s j[l4df qmdzM ;'wf/ x' Fb} hfg] cg'dfg ul/Psf]  5 . To:t} ;g\  @)!# df )=@ k|ltztn] 

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g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

lj:tf/ ePsf] o'/f] If]qsf] j[l4b/ ;g\ @)!$ df ;'wf/ eO{ !=^ k|ltzt /xg] k|If]k0f ul/Psf] 5 . ;g\ @)!# df

!=% k|ltzt /x]sf] hfkfgsf] j[l4b/ ;g\ @)!$ df !=$ k|ltzt dfq /xg] cg'dfg 5 .

;g\ @)!# df $=& k|ltztn] j[l4 ePsf] cg'dfg ul/Psf] pbLodfg / ljsf;zLn b]zx?sf] cy{tGq ;g\ @)!$

df $=( k|ltztn] a9g] k|If]k0f 5 . 7" nf PlzofnL b]zx? dWo] ef/tLo tyf lrgLof cy{tGq ;g @)!# df qmdzM

$=$ k|ltzt / &=& k|ltzt /x]sf]df ;g\ @)!$ df qmdzM %=$ / &=% k|ltztn] a9g] k|If]k0f sf]ifn] u/]sf] 5 .

;g\ @)!@ sf] t'ngfdf ;g\ @)!# df blIf0f PlzofnL d'n'sx? dWo] dflNbE; / >Ln+sfsf] clfy{s j[l4b/ a9]sf] 

5 eg] cGo d'n'sx?sf] cfly{s j[l4b/ 36]sf] 5 . ;g\ @)!@ df !$=) k|ltzt /x]sf]  ckmuflg:tfgsf] cfly{s

j[l4b/ ;g\  @)!# df #=^ k|ltztdf ;Lldt ePsf]  5 . blIf0f PlzofnL d'n'sx? cfkm}  leqsf]  ;+/rgfut

nufotsf ;d:ofx?af6 u|l;t /x]sf] sf/0f o; If]qsf] cfly{s j[l4b/ k|efljt ePsf] xf] . ;g\ @)!# df g]kfnsf] 

cfly{s j[l4b/ #=^ k|ltzt /x]sf]df ;g\ @)!$ df cfly{s j[l4b/df s]xL ;'wf/ eO{ $=% k|ltzt k'Ug] cg'dfg

sf]ifn] /x]sf] 5 .

=@ gkfnsf cflys tyf k"hLahf/ l:ylt

cfly{s l:ylt

cfly{s jif{ @)&)÷&! df s'n u|fx{:y pTkfbg cfwf/e't d" Nodf %=@ k|ltzt a9L] hDdf ?= !( va{ @* ca{ %@

s/f]8 k'u]sf] 5 . cfly{s jif{  @)^(÷&) df of]  j[l4b/ #=^ k|ltzt /x]sf]  lyof]  . df};dL cg's"ntf, nufgLsf] 

jftfj/0fdf ;'wf/, ;dodf g} ah]6 cfpg' cflb sf/0fx?af6 s'n u|fx{:y pTkfbg cl3Nnf] jif{sf] t'ngfdf a9\g

uPsf] xf] .

;dLIff cjlBdf s'n /fli6«o cfo k|rlnt d" Nodf !#=!! k|ltztn] j[l4 eO{ hDdf ?= !( va{ ^^ ca{ &$ s/f]8

k'u]sf] 5 cf= j= @)^(÷&) df s'n /fli6«o cfo ?= !& va{ * ca{ (( s/f]8 /x]sf] lyof] . To;}u/L s'n u|fx{:y

pTkfbgdf s'n ufx{:y artsf]  c+z cl3Nnf]  jif{sf]  t'ngfdf s]lx sdL cfPsf]  b]lvG5 cyf{t s'n ufx{:y

pTkfbgdf s'n ufx{:y artsf] c+z *=( k|ltzt k'u]sf] 5 . ut jif{ s'n ufx{:y art k|rlnt d" Nodf ?= ! va{ 

&) ca{ (@ s/f]8 /x]sf]df o; cfly{s jif{ art ?=! va{ &@ ca{  3 s/f]8 k'Ug] cg'dfg /x]sf] 5 .

;dLIff cjlBsf] s'n j}b]lzs Jofkf/ ?= % va{ !* ca{ &$ s/f]8 k'u]sf] 5 ;f]f cl3Nnf] cfly{s jif{df ?= ^ vj{ 

## cj{ ^% s/f]8 /x]sf] lyof]  . o; cfly{s jif{sf] k|yd cf7 dlxgfdf ef/t tkm{sf] s'n Jofkf/ ?= # va{ $$

ca{  (# s/f]8 /x]sf]  5 eg]  cGo b]z tkm{  ?= ! va{  %& ca{  *^ s/f]8 /x]sf]  5 . s'n j}b]lzs Jofkf/df

ef/ttkm{sf] c+z dfq} ^^=$( k|ltzt /x]sf] 5 eg] o; cjlwdf Jofkf/ 3f6f !^=$$ k|ltzt 5 .

ljut kfFr cfly{s jif{sf] g]kfnsf] s]xL d'Vo cfly{s ;" rsf+s tflnsf–@ df k|:t't ul/Psf] 5 .

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3  g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

tflnsf

 

@ M gkfnsf cfly{s ;"rsfs-k |rlnt dNodf_ -?= s/f]8df_ 

qm= ;= ljj/0f

cflys jif

@)^%.^^ @)^^.^& @)^&.^* @)^*.^(

 @)^(.&)

;

  @)&).&

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!= s'n ufx{:Yo pTkfbg  98,827   119,277 136,495 152734 169264 192852

@= s'n /fli6o cfo 

100002.1 120189.1 138250.3 155078.5 170899.0 196674.1

#=s' 'n /fli6«o art 35446.6 42835.4 51433.1 61401.8 65349.9 89568.3

$=s'n u|fx:y{ art

 

9323.0 13658.9 19892.3 17646.1 15886.5 17203.3

%=s'n pkef]u 89,504 105,619 117,603 135,954 154,233 175648

^=s'n cGt/fli{6«o Jofkf/ #%@!^=& $#%!%=( $^)%!=$ %#%(@=@ ^##^%=& 51874.9

s_ ef/t @)#$$=$ @%&!)=* #)%@*=^ #$())=^ $!*)#=! 34493.6

v_ cGo d" n's !$*&@=$ !&*)%=! !%%@@=* !*^(@=# @!%^@=^ 17381.2

&

j:t' tyf ;]jfx?sf] v'b lgof{t-21,980 -31,990 -32,835 -35,908 -45372 -54302

s_ cfoft 34,254 43,420 45,006 51,295 63,490 77,722

v_ lgof{t 12,274 11,430 12,171 15,386 18,118 23,419

*=s'n kF 'hL lgdf{0f 31,303 45,649 51,927 52,689 62,464 71,506

(=s'n l:y/ kF 'hL lgdf{0f 21,104 26,489 29,273 31,738 38,215 44,613

s_ ;/sf/L If]qsf] s'n k' FhL lgdf0f{  4,428 5,367 6,381 7,156 7,105 9,030

v_ lghL If]qsf] s'n k' FhL lgdf{0f  16,676 21,122 22,892 24,563 31,110 35,583

;+ –;+zf]lwt cg'dfg, k|f–k|f/lDes cg'dfg ! k|yd cf7 dlxgf

;|f] tM cfly{s ;j] { If0f, @)&).&!cfly{s jif{  @)&)÷&! df k|rlnt d" Nodf s'n k' FhL lgdf0f{df !@=^% k|ltztn]  j[l4 eO{ ?= & va{  !% ca{  ^

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k|ltzt /x]sf] 5 .

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cfly{s jif{ @)&)÷&! df ahf/ k"  FhLs/0f ?= !) va{ %& ca{ !& s/f]8 k'u]sf] 5 . ;f] ut cf=j= sf] t'ngfdf

!)%=% k|ltztn] j[l4 ePsf] xf]  . ut cfly{s jif{sf] cGtdf ahf/ k"  FhLs/0f ?= % va{ !$ ca{ $( s/f]8 /x]sf] 

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cg'kft cl3Nnf] cfly{s jif{df hDdf ##=#^ k|ltzt /x]sf] lyof] .

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sf/f]af/ ePsf]df ;dLIff jif{df ?= && cj{  #) s/f]8 a/fa/sf]  lwtf]kq sf/f]af/ ePsf]  ]  5 . ;dLIff jif{dflwtf]kqsf] sf/f]af/ /sddf ut jif{sf] t'ngfdf @%*=^% k|ltztn] j[l4 cfPsf] 5 .

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tflnsf

 

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gK; kl/;"rs #*(=&$ %!*=## )#^=

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;+ul7t ;+:yfx?n]  k"  FhLahf/ dfkm{t cfkm" nfO{ cfjZos k"  FhL ;+sng u/L 5l/P/ /x]sf]  artnfO{  b]z ljsf;sf] sfo{df k|of]u ub}  cfO/x]sf 5g\  . k"  FhLahf/sf]  ljsf;, lj:tf/ / lgodg u/L Jojl:yt ug{sf nflu g]kfn

;/sf/af6 lj= ;+= @)%) h]i7 @% df :yflkt g]kfn lwtf]kq af]8{n] cfkm\gf] :yfkgfsf] @! jif{ k'/f ul/;s]sf] 5 .

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/ ljlgdo sfo{nfO{ k|efjsf/L agfpg], lwtf]kq ahf/ / lwtf]kq Joj;fodf ;+nUg JolQmx?sf] sfd, sf/afxLnfO{ 

lgoldt tyf Jojl:yt ug] { / lwtf]kq ahf/sf] ljsf;nfO{ cfjZos gLlt lgod th' {df ug] { sfo{x? ul//x]sf] 5 .

lwtf]kq ;DaGwL P]g, @)^# cg';f/ af]8{sf] d'Vo sfd, st{Jo / clwsf/ b]xfo adf]lhd /x]sf 5gM– 

 

lwtf]kq ;fj{hlgs ?kdf lgisfzg ug{ ;Sg] u/L :yfkgf ePsf] ;+ul7t ;+:yfsf] lwtf]kq btf{ ug] { .  lwtf]kq ;fj{hlgs lgisfzgsf nflu tof/ ul/g] ljj/0fkq :jLs[t ug] { .

 

lwtf]kq ahf/ ;+rfng ug{ rfxg] ;+ul7t ;+:yfnfO{ lwtf]kq ahf/ ;+rfng ug{ cg'dlt lbg] .

 

lwtf]kq ahf/sf] sfd sf/afxLsf] lgodg tyf cg'udg ug] { .

  lwtf]kq Joj;fo ;+rfng ug{ rfxg] sDkgL jf ;+:yfnfO{ lwtf]kq Joj;fo ;+rfng ug{ cg'dltkq lbg] .

 

lwtf]kq Joj;foLsf] sfd sf/afxLsf] lgodg tyf cg'udg ug{  ] .

 

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lwtf]kq ;DaGwL cfjZos lgod, ljlgod tyf lgb] {lzsfx? agfpg] .

 

lwtf]kq ljlgdo ahf/, lwtf]kq Joj;foL, lwtf]kq sf/f]af/ tyf ;du| lwtf]kq ahf/sf] ;'k/Lj]If0f tyf

cg'udg ug] { .

  lgodg Joj:yfsf] kfngf gug] { ;+:yfx?nfO{ P]g, lgod cg';f/ sf/jfxL cufl8 a9fpg] .

 

lwtf]kq ahf/ ;DaGwdf cWoog, cg';Gwfg u/L lgb] {zg ug] { tyf r]tgf clej[l4d" ns sfo{qmd ;~rfng

ug] { .

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lbg] .

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3_ af]8{df /x]sf] df}Hbft k|ltkmn k|fKt x'g] cf}hf/df nufgL u/]sf] .

@=$=# nvfk/LIf0f ;ldlt 

af]8{sf]  ljQLo ljj/0fsf]  k'g/fjnf]sg ;DaGwdf ;+rfns ;ldltnfO{  ;xof]u ug{, af]8{sf]  lgod kfngfsf] 

cj:yfsf]  k'g/fjnf]sg ;DaGwdf ;+rfns af]8{nfO{ ;xof]u k'/\ofpg, cfly{s kf/blz{tf / ;+:yfut z';f;gnfO{ 

dha' 't agfpg, cfGtl/s n]vfk/LIfssf]  lgo'lQm ug{, kfl/>lds tyf ;'ljwf lgwf{/0f ug{, :jtGq n]vfk/LIfssf] 

n]vfk/LIf0f k|s[of lgwf{/0f ug{ tyf d" Nofs+g ug] { h:tf sfo{x? ug{sf nflu g]kfn rf68{ PsfpG6]G6;\ ;+:yfaf6

af]8{df k|ltlglwTj ug' {x'g]  af]8{  ;b:o ;+of]hs /xL, g]kfn /fi6«  a} +ssf]  tkm{af6 af]8{df k|ltlglwTj ug' {x'g]  af]8{ 

;b:o tyf af]8{sf] sfg" g ljefusf k|d'v ;b:o /xg]  u/L af]8{df ldlt @)&)÷)^÷@) df n]vfk/LIf0f ;ldlt

u7g ul/Psf] 5 .

@=% ljQLo l:ylt

cfly{s jif{  @)^^÷)^& ;Dd g]kfn ;/sf/sf]  ljQLo cg'bfgdf ;~rfng ePsf]  af]8{ cfly{s jif{  @)^&÷)^*

b]lv k" 0f{?kdf cfkm\gf] cfDbfgLaf6 ;~rfng x' Fb} cfO{/x]sf] 5 . af]8{sf] k|d'v cfly{s ;|f]t lwtf]kq btf{, ljj/0fkq,

ckm/ 8s'd]G6 tyf xsk|b ;]o/ lgisfzg ;DaGwL ljj/0fx¿sf] k|zf]wg z"Ns, lwtf]kq sf/f]af/ z"Ns, lwtf]kq

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g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

ahf/ tyf lwtf]kq Joj;foL cg'dltkq tyf gjLs/0f z"Ns, lwtf]kq Joj;fo z" Ns, lgj]bg b:t'/, ;fd" lxs

nufgL sf]if tyf s]Gb| Lo lgIf]k sDkgL cg'dlt tyf gjLs/0faf6 k|fKt x'g] cfDbfgL cflb /x]sf 5g\ .

cfly{s jif{ @)&)÷&! df af]8{sf] s'n cfo ?= * s/f]8 %& nfv (# xhf/ /x]sf] 5 eg] s'n Joo ?= $ s/f]8

!& nfv ^% xhf/ % ;o /x]sf] 5 . cfDbfgL tkm{ ljz]if\t lwtf]kq btf{ tyf lgisfzgsf nflu :jLs[tL k|bfg ubf{,

;fd" lxs nufgL sf]if, qm]l86 /]l6Ë, l;l8P; sDkgL, lwtf]kq ahf/ cg'dlt kq, dr] {G6 a}lsË tyf a|f]s/ k|df0fkq

gljs/0f, lwtf]kq sf/f]af/ b:t'/, cfj]bg z'Ns, ljj/0fkq k|zf]wg z'Ns / k|df0fkq btf{ z'Ns af6 ?= ^ s/f]8

$^ nfv $% xhf/ cfDbfgL ePsf] lyof] eg] vr{ tkm{ d'VotM sd{rf/L / cGo k|zf;lso vr{ tkm{ ?= $ s/f]8

!& nfv ^% xhf/ vr{ ePsf] lyof] . ut cfly{s jif{ @)^(÷&) df af]8{sf] s'n cfo ?= * s/f]8 $^ nfv @*

xhf/ lyof] eg] s'n Joo ?= $ s/f]8 !& nfv #* xhf/ $ ;o !( /x]sf] lyof] . cf=j= @)^(÷&) sf] t'ngfdf

ahf/df ;fj{hlgs lgisfzg ug] { ;+ul7t ;+:yfx?sf] ;+Vof a[l4 tyf bf];|f] ahf/ sf/f]af/df ePsf] j[l4n] artdf

j[l4 ePsf] xf] . af]8{sf] cfly{s jif{ @)&)÷&! sf] jf;nft, cfo–Joo ljj/0f tyf gub k|jfx ljj/0f cg';" rL–@

df k|:t't ul/Psf] 5 .

@=^ cGt/fli6«o ;DaGw

g]kfn lwtf]kq af]8{n] lwtf]kq ahf/;Fu ;DalGwt ljleGg cGt/fli6«o ;+3 ;:yfx?;Fu lg/Gt/ ;DaGw /fVb} cfPsf] 

5 . lwtf]kq nufgLstf{sf]  lzIff tyf ;r]tgf ;DaGwdf cfjZos 1fg tyf ;" rgfx¿ cfbfg k|bfg ug] {  /

nufgLstf{sf] lzIff tyf ;r]tgf ;DaGwdf ;xof]u / ;dGjo ug] { p2]Zon] ;g @)!) df :yflkt Asia Forum for

Investor Education (AFIE) sf] ;+:yfks ;b:osf] ?kdf e" ldsf lgjf{x u/L af]8{ pQm ;+:yfsf]  ;b:o /x]sf] 5 .

lwtf]kqsf] s]Gb| Lo lgIf]k k|0ffnL ;+rfngsf nflu cfjZos Association of National Numbering Agencies (ANNA) sf] 

kf6{g/ ;b:otf af]8{n] k|fKt u/]sf] 5 . af]8{af6 International Securities Identification Number(ISIN) gDa/ hf/L

ug{sf nflu l;l8P; P08 lSnol/Ë ln= nfO{ clwsf/ k|Tofof]hg ul/Psf]df pQm ln= n]  ;dLIff cjlBdf ljleGg

sDkgLsf] ISIN gDa/ k|bfg u/]sf] 5 . ;fy} af]8{af6 ANNA n] cfof]hgf ug] { a}7s tyf ;]ldgf/x?df ;xeflutf

/xFb} cfPsf] 5 .

af]8{af6 lwtf]kq ahf/ lgodg lgsfox¿sf] cGt/f{li6«o ;+:yf International Organization of Securities Commission

(IOSCO)  sf] klg ;b:otf lng] ;DaGwdf cWoog ul//x]sf] 5 . ;fy}  ljZj a} +s, PlzofnL ljsf; a} +s tyf Asia

Pacific Economic Cooperation tyf ljleGg b]zsf lwtf]kqsf] lgofds lgsfox?n] cfof]hgf ug] { k' FhLahf/ ;DaGwL

sfo{qmdx¿df af]8{sf] tkm{af6 ;xeflutf /xb} cfPsf] 5 .

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g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

@=& cflys jif @)&)÷& sf ah6 jQmJodf k"hLahf/ 

g]kfn ;/sf/sf]  cfly{s jif{  @)&)÷&! sf]  ah]6 aQmJodf g]kfnsf] k"  FhLahf/ ljsf; ;DaGwdf lgDgfg';f/sf

sfo{qmdx? lgwf{/0f ul/Psf] lyof] .

 

ljQLo :yfloTj sfod ug] {, ljQLo kx' Fr a9fpg] / ljQLo If]qsf] ljsf; Pjd lj:tf/af6 b| 't cfly{s j[l4

xfl;n ug{ ;3fp k'/\ofpg]  / a} +s ljQLo ;+:yfx?sf]  u'0ffTds ljsf; Pj+  k"  FhLahf/ tyf aLdf If]qsf] 

;du| kIfnfO{ ;'b[9 agfpg ljQLo If]q ljsf; /0fgLlt tof/ ul/g]5 .

 

k"  FhLahf/df ;xeflutf a9fpg lwtf]kq sf/f]af/nfO{ ;/n / ;xh agfO{g] 5 . g]kfn :6s PS;r]~hsf] 

sf/f]af/nfO{ ljB'tLo dfWodaf6 ;~rfng ul/g] 5 . k"  FhLahf/df ;+:yfut tyf u}/ cfj;Lo g]kfnLx?sf] 

nufgL cfslif{t ul/g] 5 .

 

7" nf k" jf{wf/ cfof]hgfx?df bL3{sfnLg nufgLsf nflu pRr:t/sf]  qm]l86 /]l6+u ePsf cGt{/fli6«o

;+:yfx?nfO{ :yfgLo d'b|fdf C0fkq hf/L ug{ lbg] Joj:yf ldnfOg] 5 .

 

sdf]l86L ahf/sf] lgodg g]kfn lwtf]kq af]8{n] ug] { u/L cfjZos Joj:yf ldnfOg] 5 .

ah]6 aQmJo dfkm{t 3f]lift sfo{qmdx?sf ;DaGwdf af]8{af6 b]xfo cg';f/sf sfo{x? ul/Psf] 5 .

  g]kfn ;/sf/af6 tof/ e}/x]sf] ;du| ljQLo If]q ljsf; /0fgLlt cGt{ut k"  FhLahf/;Fu ;DalGwt /0fgLlt

tof/Lsf nflu af]8{df Ps pk;ldlt u7g ul/Psf] 5 . ;f] ;ldltn] k"  FhLahf/ ljsf; /0fgLlt tof/L u/L

k|fljlws ;ldltdf k]z u/]sf] 5 .

  g]kfn lwtf]kq af]8{sf] % jif] { /0flgtLs of]hgf-@)!@–@)!&_ tof/ ePsf]df ;f] df /x]sf sfo{qmdx?nfO{ 

af]8{sf] jflif{s sfo{qmddf ;dfj]z u/L sfof{Gjog ul//x]sf] 5 .

  k"  FhLahf/df ;xeflutf a9fpg o; cfly{s jif{  b]zsf ljleGg !# :yfgdf nufgLstf{  k|lzIf0f

sfo{qmdx? ;DkGg ul/Psf] 5 . 

  g]kfn :6s PS;r]~h ln= sf] sf/f]af/ k|0ffnLnfO{ cfw'lgsLs/0f ug{sf nflu g]kfn :6s PS;r]~hnfO{ 

lgb] {zg lbOPsf]  5 tyf sf/f]af/ z'Ns k'g/fjnf]sg ;DaGwdf g]K;]nfO{  pQm ;+:yfsf]  sf/f]af/

ljlgodfjnL tof/ u/L k]z ug{  lgb] {zg lbOPsf]df pQm ln= n]  o; ;DaGwdf cWoog ul//x]sf]  /

k|ltj]bg k|fKt eP kZrft cfjZos sfo{ ul/g] hfgsf/L u/fPsf] 5 . 

 

k"  FhLahf/df ;+:yfut tyf u}/ cfj;Lo g]kfnLx?sf]  nufgL cfslif{t ug{sf nflu ;Da4 kIfx?;Fu5nkmn tyf cGt/ls|of sfo{qmdx? cfof]hgf ul/Psf] 5 . 

 

sdf]l86L ahf/sf]  lgodgsf nflu af]8{af6 ul7t sfg" g k|jnLs/0f ;ldltn] tof/ u/]sf]  a:t'  ahf/

;DaGwL P]gsf]  d:of}bfdf ;/f]sf/jfnfsf]  /fo ;'emfj lngsf]  nflu cGt/s[of sfo{qmd ;d]t u/L

d:of}bfnfO{ clGtd ?k lbOPsf] 5 .

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10 

g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

@=* cgdltkq kbfg tyf gjLs/0f 

@=*= lwtfkq bnfn Joj;foLx?sf cgdltkq gjLs/0f

lwtf]kq ;DaGwL P]g, @)^# tyf lwtf]kq Joj;foL -lwtf]kq bnfn, lwtf]kq Jofkf/L tyf ahf/ lgdf{tf_

lgodfjnL, @)^$ sf]  lgod * df /x]sf]  Joj:yf adf]lhd %) lwtf]kq bnfn Joj;foLx?af6 cg'dltkqgjLs/0fsf nflu lgj]bg k|fKt ePsf]df ;Dk" 0f{  lwtf]kq bnfn Joj;foLx?sf] cg'dltkq gjLs/0f ul/Psf] 5 .

cg'dltkq gjLs/0f u/]sf lwtf]kq bnfn Joj;foLx¿sf]  gfdfjnL cg';" rL–( df k|:t't ul/Psf] 5 . af]8{af6

;dLIff jif{df s'g} klg sDkgLnfO{ lwtf]kq bnfn Joj;fo ug{sf nflu cg'dltkq k|bfg ul/Pg .

@=*=@

gkfn :6s PS;rGh lnld68sf cgdltkq gjLs/0f

lwtf]kq ;DaGwL P]g, @)^# tyf lwtf]kq ahf/ ;+rfng lgodfjnL, @)^$ sf]  Joj:yf cg';f/ g]kfn :6s

PS;r]Gh ln= af6 cg'dltkq gjLs/0fsf nflu lgj]bg k|fKt ePsf]df pQm lnld6]8sf]  cg'dltkq gjLs/0ful/Psf] 5 .

@=*=#

drG6 as/sf cgdltkq kbfg, gjLs/0f / vf/]hL 

cfly{s jif{  @)&)÷&! df dr] {G6 a} +s/ sfo{sf nflu cg'dlt k|fKt ug] { sDkgLsf] ;+Vof !$ /x]sf]  5 . ;dLIff

cjlBdf af]8{af6 >L s[lt Soflk6n P08 OGe]id]G6\; ln= nfO{  nufgL Joj:yfkg ;DaGwL sfo{  ug{sf nflu

cg'dltkq k|bfg ul/Psf] 5 .

;dLIff jif{df !# j6f dr] {G6 a} +s/x¿sf] cg'dltkq gjLs/0f ul/Psf] 5 . af]8{af6 cg'dltkq k|fKt dr] {G6 a} +s/

;DaGwL ljj/0f cg" ;'rL–!) df k|:t't ul/Psf] 5 .

;dLIff jif{df >L Pg=P;= Pd= dr] {G6 a} +lsË P08 OGe]i6d]G6 ln= n] dr] {G6 a}lsË Joj;fo gug] { egL lg0f{o u/L

af]8{ ;dIf cg'dltkq vf/]hLsf nflu lgj]bg k]z u/]sf]n] pQm ln= sf] cg'dltkq af]8{af6 vf/]h ul/Psf] 5 .

;fy} >L :6s Dofg]hd]G6 P08 l8= lk= ln= n] ;d]t ;f] Joj;fo gug] { egL lg0f{o u/L af]8{ ;dIf dr] {G6 a} +lsË

sfo{sf] cg'dltkq vf/]hLsf nflu lgj]bg k]z u/]sf]n] pQm ln= sf] cg'dltkq ;d]t vf/]hLsf] qmddf /x]sf] 5 .

@=*

=$ lgIfk ;b:o btf

lwtf]kq ahf/df ;" lrs[t ePsf tyf ljB'tLo dfWoddf lgIf]k ug{ ldNg], ljt/0f jf afF8kmfF8 ePsf, lwtf]kq jf

pks/0fx¿ ;DalGwt lwtf]kqwgLaf6 cfˆgf] lhDdfdf lnO{ lwtf]kqwgLx¿sf] lwtf]kq;DaGwL lxtu|fxL vftf /fVg] 

tyf lwtf]kq jf pks/0fx¿sf]  gfd;f/L jf vftfdf clen]v s]Gb| Lo lgIf]k sDkgL dfkm{t ul/G5 . lwtf]kq

ahf/df ;" lrs[t ePsf tyf ljB'tLo dfWoddf lgIf]k ug{  ldNg], ljt/0f jf af6Fkmf8F  ePsf lwtf]kq jf

pks/0fx? ;DalGwt lwtf]kq wgLx?af6 cfkm\gf] lhDdfdf lnO{  lwtf]kqwgLx?sf]  lwtf]kq ;DaGwL lxtu|fxL vftf

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11  g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

vf]Ng] tyf lwtf]kq jf pks/0fx?sf] gfd;f/L jf vftfdf clen]v /fVg] sfo{sf nflu af]8{df lgIf]k ;b:o sfo{sf

nflu cg'dlt k|bfg ul/G5 . o:tf lgIf]k ;b:ox?dfkm{t nufgLstf{x?n] lwtf]kqdf nufgL ug{ l8Dof6 PsfpG6

vf]nL lwtf]kqsf]  s]Gb| Lo lgIf]k k|0ffnLdf cfj4 x'g]  cj;/ k|fKt x'G5 . cfly{s jif{  @)&)÷&! ;Dd af]8{af6

lwtf]kqsf]  s]Gb| Lo lgIf]k ;]jf lgodfjnL, @)^& sf]  Joj:yf adf]lhd lgIf]k ;b:osf]  sfd ug{  rfxg]  ljleGg

If]qsf hDdf !$ j6f sDkgLx?nfO{ lgIf]k ;b:osf] ?kdf btf{ u/L k|df0fkq k|bfg ul/Psf] 5 .

@=*=% q]ml86 /l6Ë sDkgLsf

cgdltkq gjLs/0f

 

lwtf]kq lgisfzgstf{  sDkgLx?sf]  ;du|  ljQLo ljj/0f, sfo{  ;Dkfbg tyf Joj:yfkg / ;'zf;gsf]  cj:yf

cflbsf]  uxg cWoog tyf cg';Gwfg u/L d" Nofs+g ug] {  k|0ffnLnfO{  qm]l86 /]l6Ë elgG5 . pQm d" Nofs+gnfO{ 

ljleGg ;f+s]lts efiffdf ;/n ?kn] a'em\g ;lsg] u/L k|:t't ul/g] x ' Fbf ;j{;fwf/0f nufgLstf{x?nfO{ nufgL ug' { 

k" j{ ;DalGwt sDkgLx?sf] l:ylt af/] a'em\g / nufgLsf] hf]lvdnfO{ Go" gLs/0f ug{ ;d]t ;xof]u k'Ub5 . g]kfndf

q] ml86 /]l6Ë lgodfjnL, @)^* sf] Joj:yf adf]lhd >L Oqmf g]kfn ln= nfO{ q] ml86 /]l6Ë ;]jf ;+rfngsf nflucg'dltkq k|bfg ul/Psf]df pQm ;:+yfsf] cg'dlt kq gjLs/0f ul/Psf] 5 .

@=( sfggL Joj:yf tyf kjnLs/0f

@=(= sfggL Joj:yf 

@=( = = a:t ljlgdo ahf/ ;DaGwL ljw]ossf d:ofbf 

a:t'  ahf/sf]  lgodg g]kfn lwtf]kq af]8{n] ug] { g]kfn ;/sf/sf] gLlt tyf ah]6 aQmJodf ;d]t pNn]v ul/Padf]lhd af]8{af6 tof/ ul/Psf]  a:t' ahf/ ;DaGwL P]gsf]  d:of}bfdf ;/f]sf/jfnfsf]  /fo ;'emfj lngsf]  nflucGt/s[of sfo{qmd ;d]t u/L d:of}bfnfO{ clGtd ?k lbOPsf] 5 .

@=(= =@ ;fd"lxs nufgL sfif lgodfjnL, @)^& df ;zfwg

;fd" lxs nufgL sf]if lgodfjnL, @)^& df bf];|f] ;+zf]wgsf] nflu g]kfn ;/sf/, cy{ dGqfno ;dIf k]z ul/Psf] 5 .

@=(= =# lwtfkq btf tyf lgisfzg lgodfjnL, @)&) sf d:ofbf

lwtf]kq btf{ tyf lgisfzg k|lqmofnfO{ ;do;fk]If ;'wf/ tyf Jojl:yt / ;/n agfpgsf] nflu gofF lwtf]kq btf{ 

tyf lgisfzg lgodfjnL, @)&) sf]  d:of}bf af]8{  ;dIf k|:t't ePsf]  tyf af]8{sf]  lgb] {zg cg';f/;/f]sf/jfnf;Fu /fo ;'emfj lng af]8{sf] j]a;fO6df ;d]t /flvO;s]sf]  / xfn k|fKt /fo ;'emfj adf]lhd cGokl/dfh{g ug] { qmddf /x]sf] 5 .

@=(= =$ lwtfkq sf/faf/ /fkm;fkm tyf km5\of6 ljlgodfnLdf ;zfwg

s]Gb| Lo lgIf]k ;]jfnfO{ Jojl:yt ?kdf ;~rfng ug{ s]Gb| Lo lgIf]k ;]jf sDkgLsf] lwtf]kq sf/f]af/ /fkm;fkm tyfkm5\of} +6 ljlgodfjnL, @)&) df ;+zf]wgsf nlfu af]8{ ;dIf k]z ePsf]df ;f]df :jLs[tL k|bfg ul/Psf] 5 .

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12  g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

@=( = =% clgjfo{ ed0f-:jbz_ ljbf sfo{ljlB

g]kfn lwtf]kq af]8{ sd{rf/L ;]jf zt{ lgodfjnL, @)^* sf] Joj:yf adf]lhd af]8{df sfo{/t sd{rf/Lx?sf] nflUfclgjfo{ e|d0f-:jb]z_ ljbf ;DaGwL sfo{ljlw agfO{ nfu"  ul/Psf] 5 .

@=(=@ sfggL kjnLs/0f

@=(=@= af8 lj?4 k/sf d'2fsf lsgf/f

cfly{s jif{  @)&)÷&! df af]8{nfO{  ljkIfL jgfO{  ljleGg cbfntx?df -;jf] {Rr cbfnt, k" g/fj]bg cbfnt /lhNnf cbfnt_ bfo/ ePsf cf7-*_ j6f d'2f dfldnfdf af]8{sf] tkm{af6 k'k{If -lnlvt hjfkm, k|ltpQ/ kq /ax; k}/jL cflb_ ul/Psf]df b'O{ d'2f vf/]h ePsf] / cGo d'2fx? xfn cbfntdf larf/fwLg cj:yfdf /x]sf 5g] .

@=(=@=@ ugf;f ;dfwfg 

cfly{s jif{  @)&)÷&! df af]8{df ;j{;fwf/0f nufgLstf{x?sf tkm{af6 lwtf]kqsf]  sf/f]af/ ;DaGwL, g]kfna+unfb]z a} +ssf]  ;]o/ lalqm eO{  gfdf;f/L gePsf]  nufotsf ljleGg ^ j6f u'gf;fx? k|fKt ePsf]  / u'gf;f] ;dfwfgsf] nflu cfjZos hfgsf/L dfu u/L u'gf;fx? ;dfwfg ul/Psf] 5 .

@= ) ;k/LjIf0f tyf cgudg 

@= )

= k|fylds lgisfzgsf cgudg 

lwtf]kqsf]  ;fj{hlgs lgisfzg sfo{sf]  u}/–:ynut cg'udg cGt{ut lwtf]kq ;DaGwL lgodfjnL tyf

lgb] {lzsfdf ePsf]  Joj:yfcg';f/ cfj]bg kmf/fd ;+Vof tyf /sd ;+sng, ljj/0f tf]lsPsf]  ;doleq k]z

eP÷gePsf], ;+sng s]Gb|af6 k|fKt ljj/0f tyf lgisfzg tyf laqmL k|aGwsaf6 af]8{df k]z ul/Psf]  kl5Nnf]ljj/0fdf km/s eP÷gePsf], laqmL aGb ePsf]  !% lbgleqdf 8«fkm\6 ;DaGwL ljj/0f af]8{df k]z eP÷gePsf],

;+slnt /sd laqmL aGb ePkl5 tf]lsPsf]  ;doleq tf]lsPsf]  ;do;Ddsf nflu g]kfn /fi6«  a} +sdf hDdf

u/]÷gu/]sf], lwtf]kq afF8kmf6sf] gd" gf afF8kmf+6 ug' {eGbf tLg sfo{lbg cl3 af]8{df k]z u/]÷gu/]sf], lwtf]kqsf] 

afF8kmf6 tyf lkmtf{ e'QmfgL tf]lsPsf] ;doleq u/]÷gu/]sf], ;+slnt /sd lgisfzg a} +sdf hDdf u/]sf] ;DaGwL

ljj/0f af]8{df k]z eP÷gePsf], tf]lsPsf]  ;doleq ;]o/sf]  ;" rLs/0fsf nflu lgj]bg lbP glbPsf]  ;DaGwdf

lgoldt ?kdf cg'udg ug] { ul/Psf] 5 .

@= )

=@ lwtfkq sf/faf/sf cgudg

lwtf]kq bf];|f]  ahf/sf]  sf/f]af/nfO{  lgoldt / Jojl:yt u/fpg af]8{af6 g]kfn :6s PS;r]Gh ln= ;Fu l;wf

;Dks{ :yflkt u/L ljB'tLo dfWod dfk{ mt tTsfn} ;'k/Lj]If0f ug] { k|0ffnL (Real Time Surveillance) ljsf; ul/Psf] 

5 . af]8{af6 lgodlt ?kdf sf/f]af/sf]  cg'udg tyf lg/LIf0f ug] {  ul/Psf]  5 / sf/f]af/ e}/x]sf]  ljj/0fsf] 

cWoog u/L z+sf:kb sf/f]af/ gf]6 ug] { tyf cfjZostf cg'?k ;DalGwt lwtf]kq bnfnnfO{  ljj/0f :ki6 ug{ 

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13  g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

nufpg]  ul/Psf]  5 . ;f]  k|0ffnL dfk{ mt af]8{af6 k|To]s lbg lwtf]kq sf/f]af/ ug] {  AolQm tyf ;+:yf nufot

sf/f]af/ ePsf] ;+ul7t ;+:yf, sf/f]af/ d'No / ;]o/ ;+Vof ;DaGwdf cg'udg ug] { ul//x]sf] 5 .

lwtf]kqsf] bf];|f] ahf/ sf/f]af/ cg'udgsf qmddf b}lgs sf/f]af/ ;DaGwL ;+lIfKt k|ltj]bg, ;fKtflxs sf/f]af/sf] 

;+lIfKt k|ltj]bg, Ans sf/f]af/ ;DaGwL k|ltj]bg, ;fKtflxs ?kdf lwtf]kq bnfnx?sf] s'n sf/f]af/ /sd ;DaGwL

;+lIfKt ljj/0f, tLg dlxgfeGbf j9L ;do;Dd sf/f]af/ x'g g;s]sf lwtf]kqx?sf]  ljj/0f, ;+:yfks ;]o/

sf/f]af/sf] clen]v tof/ ug' {sf ;fy} lgoldt ?kdf cfjZostf cg';f/ dr] {G6 a} +s/x?n] ug] { sf/f]af/sf] clen]v

tof/ ug] { u/]sf] 5 .

@= )

=# drG6 as/sf ljj/0f kjfxsf cgudg

dr] {G6 a} +s/n] cfly{s jif{ ;dfKt ePsf] # dlxgf leq cfkm" n] u/]sf] lwtf]kq sf/f]af/;lxt gfkmf gf]S;fg lx;fj,

jf;nft tyf gub k|jfx ljj/0f ;lxtsf]  jflif{s k|ltj]bg af]8{  ;dIf k]z ug{ 'kg{  ]  Joj:yf /x]sf]df !) dr] {G6

a} +s/n] cf=j= @)^(÷&) sf] jflif{s k|ltj]bg af]8{df k]z u/]sf 5g . o; cfly{s jif{df !$ lgisfzg tyf laqmL

k|aGwsx? dWo] * j6f sDkgLx?n] dfq lwtf]kq lgisfzg tyf laqmL k|aGw ;DaGwL sfo{ u/]sf 5g\ .

@= )

=$ lwtfkq ahf/sf ljj/0f kjfxsf cgudg 

lwtf]kq ahf/ ;~rfng lgodfjnL, @)^$ n]  lwtf]kq ahf/n] k|To]s cfly{s jif{ ;dfKt ePsf] tLg dlxgfleq

pQm cfly{s jif{sf] n]vfk/LIf0f ePsf] ljQLo ljj/0f / jflif{s k|ltj]bg, k|To]s q}dfl;s cjlw ;dfKt ePsf] #)

lbgleq q}dfl;s k|ltj]bg k]z ug' {kg] { Joj:yf u/]sf] 5 . pQm Joj:yf cGt{ut g]kfn :6s PS;r]~h lnld6]8af6

cf=j= @)^(÷&) sf] jflif{s k|ltj]bg, n]vfk/LIf0f k|ltj]bg / q}dfl;s k|ltj]bgx? af]8{df k|fKt ePsf 5g\ .

@= )=

% lwtfkq bnfn Joj;foLsf ljj/0f kjfxsf cgudg

lwtf]kq Joj;foL -lwtf]kq bnfn, lwtf]kq Jofkf/L tyf ahf/ lgdf{tf_ lgodfjnL, @)^$ df  lwtf]kq bnfn

Joj;foLx?n] cfkm\gf]  ] lwtf]kq sf/f]af/ nufot gfkmf gf]S;fg lx;fj, jf;nft, gub k|jfx ljj/0f ;lxtsf] jflif{s

k|ltj]bg cfly{s jif{ ;dfKt ePsf] # dlxgf leq af]8{;dIf k]z ug{ 'kg{  ] Joj:yf /x]sf] . af]8{af6 cg'dlt k|fKt %)

lwtf]kq bnfn Joj;foLx? dWo] $* lwtf]kq bnfnx?n] cfly{s jif{ @)^(÷&) sf] jflif{s ljj/0f af]8{ ;dIf k]z

u/]sf 5g\ . cl3Nnf] cfly{s jif{df ;d]t $* lwtf]kq bnfn Joj;foLx?n] To:tf]  ljj/0f af]8{ ;dIf k]z u/]sf

lyP . af]8{df k|ltj]bg k]z gug] { @ lwtf]kq bnfn Joj;foLx? >L 8fOgflds dgL Dofg]h/ ;]So'/Ll6h k|f= ln= /

>L ;'Gwf/f ;]So'/Ll6h ln=nfO{ ;f] k|ltj]bg cljnDa af]8{df k]z ug{sf nflu kqfrf/ ul/Psf] tyf cfufdL lbgdf

;dodf g} ljj/0f k]z ug{sf nlu ;r]t u/fO{Psf] 5 . lwtf]kq bnfn Joj;foLx?sf] jflif{s ljj/0f k|jfx ;DaGwL

ljj/0f cg' ';" rL–!! df k|:t't ul/Psf] 5 .

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14 

g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

lwtf]kq Joj;foL -lwtf]kq bnfn, lwtf]kq Jofkf/L tyf ahf/ lgdf{tf_ lgodfjnL, @)^$ df lwtf]kq bnfn

Joj;foLx?n] k|To]s q}dfl;s cjlB ;dfKt ePsf] tL; lbgleq q}dfl;s k|ltj]bg af]8{ ;dIf k]z ug' {kg] { Joj:yf

/x]sf]df cfly{s jif{ @)&)÷&! df $^ n]  k|yd q}dfl;s k|ltj]bg, $% n]  bf];|f]  q}df; k|ltj]bg, $* n] t];|f] 

q}dfl;s ljj/0f / $% lwtf]kq bnfn Joj;foLx/n] rf}yf] q}dfl;s ljj/0f af]8{ ;dIf k]z u/]sf 5g\  . cl3Nnf] 

cfly{s jif{df $* lwtf]kq bnfn Joj;foLx?n]  k|yd q}dfl;s k|ltj]bg, $( bnfn Joj;foLn]  bf];|f]  / t];|f] 

q}dfl;s ljj/0f tyf $^ n] rf}yf]  q}dfl;s ljj/0f af]8{ ;dIf k]z u/]sf lyP . ;dodf g}  ljj/0f ga'emfpg] 

Joj;foLx?nfO{  ;dod}  ljj/0f a'emfpgsf nflu ;r]t u/fpFb}  kqfrf/ ul/Psf]df o; jif{  ljj/0f k|jfx ug] { 

lwtf]kq bnfn Joj;foLx?sf] ;+Vof j[l4 ePsf] 5 . o; ;DaGwL ljj/0f cg';" rL–!@ df k|:t't ul/Psf] 5 . 

@= )

=^ lwtfkq bnfn Joj;foLx?sf :ynut lg/LIf0f

af]8{af6 lwtf]kq ;DalGw P]g lgodsf] kfngf ;DaGwdf lwtf]kq ahf/ / lwtf]kq Joj;foLx?sf]-lwtf]kq bnfn,

dr] {G6 a} +s/_ sfd sf/jfxL tyf ultljlwx?sf]  :ynut tyf u}/:ynut ;'k/Lj]If0f (Onsite and Offsite

Supervision)  ub} {  cfO{/x]sf]  5 . o; cfly{s jif{df af]8{af6 ldlt @)&)÷)$÷)@ b]lv @)&)÷)%÷)( ;Dd

;Dk" 0f{  lwtf]kq bnfn Joj;foLx?sf]  -%) j6f_ :ynut lg/LIf0f tyf cg'udg ul/Psf]  5 . To;}u/L $ j6f

dr] {G6 a} +s/x?sf] :ynut cg'udg tyf lg/LIf0f ul/Psf] 5 . :ynut lg/LIf0fsf] qmddf lwtf]kq Joj;foLx?n] 

P]g, lgoddf pNn]v eP adf]lhd /fVg'kg] { ljj/0f tyf sfuhft cBfjlws /fv]÷g/fv]sf], lwtf]kq v/Lb shf{sf

nflu ul//x]sf cEof;, tyf ;DklQ z' 4Ls/0f;Fu ;DalGwt ljifodf ckgfpg'kg] {  ;hutf ckgfP÷gckgfPsf] 

;DaGwdf s]Gb| Lt ul/Psf]  lyof]  . cg'udg tyf lg/LIf0fsf qmddf sdL sdhf]/L b]lvPsf @@ lwtf]kq bnfn

Joj;foLx?nfO{ ;f] ;'wf/sf nflu lgb] {zg lbO{ ;f] sf] lg/Gt/ cg'udg ul/Psf] 5 .

@= )

=& ;"rLs[t ;ul7t ;+:yfx?sf ljj/0f kjfxsf cgudg

lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)^% sf] lgod @@ sf] pklgod -!_ adf]lhd af]8{df lwtf]kq btf{ u/]sf

;+ul7t ;+:yfn] k|To]s cfly{s jif{ ;dfKt ePsf] ldltn] kfFr dxLgfleq cg';" rL–!# adf]lhdsf] jflif{s k|ltj]bg

af]8{;dIf k]z ug' {  kg] {  Joj:yf adf]lhd o; cfly{s jif{df ;" rLs[t @## ;+ul7t ;+:yfx?dWo]  $% ;" rLs[t

;+ul7t ;+:yfn] tf]lsPsf] ;dodf tyf !@# ;+ul7t ;+:yfx?n] l9nf] u/L cf= j= @)^(÷&) sf] aflif{s k|ltj]bg

af]8{df a'emfPsf 5g\ . o;/L af]8{df ljj/0f a'emfpg] ;" rLs[t ;+ul7t ;+:yfx?sf] ;+:yf !^* /x]sf] 5 . 

To;}u/L lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)^% sf] lgod @@ sf] pklgod -@_ adf]lhd af]8{df k]z ug' {kg] { 

q}dfl;s ljj/0f k|jfx tkm{  !^* ;+ul7t ;+:yfx?n]  k|yd rf}dfl;s ljj/0f, !*! ;+ul7t ;+:yfx?n]  bf];|f] 

rf}dfl;s ljj/0f, !*@ ;+ul7t ;+:yfx?n]  t];|f]  rf}dfl;s ljj/0f / !^# ;+ul7t ;+:yfx?n]  rf}yf]  rf}dfl;s

ljj/0f af]8{df a'emfPsf 5g\ .

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15 

g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

af]8{n] P]g lgod cg';f/ af]8{df k]z ug' {kg] { jflif{s k|ltj]bg jf ljQLo ljj/0f tyf cGo ljj/0fx? k]z ug] { tyf

gug] { ;a} ;" rLs[t ;+ul7t ;+:yfx?sf]  ljj/0f tof/ ug] { u/]sf] 5 . ;fy}  lgodfg';f/ ;dodf ljj/0f k]z gug] { 

;" rLs[t ;+:yfx?nfO{  ]  ljj/0f k]z ug{sf nflu ;r]t u/fOPsf]  5 . ;fy}  ;dodf g}  ljj/0f a'emfpg]  ;" rLs[t

;+ul7t ;+:yfx?nfO{  xl/of], l9nf]  a'emfpg]nfO{  kx]nf]  / ljj/0f ga'emfpg]nfO{  /ftf]  ;+s]tn]  O+lut u/L ;" rLs[t

;+ul7t ;+:yfx?sf] ljj/0f k|jfx ;DaGwL hfgsf/L af]8{sf] j]a;fO{6df /flvPsf] 5 .

@= )

=* ;"rLs[t ;:yfx?sf jflifs ;fwf/0f ;ef

;" rLs[t ;+ul7t ;+:yfx?n]  cfly{s jif{  ;dfKt ePsf]  ldltn]  ^ dlxgf leq jflif{s ;fwf/0f ;ef u/fpg'kg{  ] 

Joj:yf /x]  adf]lhd s'n ;" rLs[t ;+ul7t ;+:yfx? dWo]  ^# ;+ul7t ;+:yfn]  tf]lsPsf]  ;dofjwL leq jflif{s

;fwf/0f ;ef u/]sf 5g\  . cfly{s jif{  @)&)÷&! df jfl0fHo a} +s ;d" xsf @*, ljsf; a} +s ;d" xsf %@, ljQ

sDkgL ;d" xsf $$, aLdf sDkgL ;d" xsf @!, xf]6n ;d" xsf #, pTkfbg tyf k|zf]wg sDkgL ;d" xsf (, Jofkf/

;d" xsf @, cGo ;d" xsf @ u/L hDdf !^! ;" rLs[t ;+ul7t ;+:yfx?n] cfly{s jif{ @)^(÷&) sf] jflif{s ;fwf/0f;ef ;DkGg u/]sf 5g\  . af]8{af6 ;fwf/0f;ef gug] {  ;+ul7t ;+:yfx?nfO{  ;fwf/0f;ef ;dodf g}  ug{sf nflu

;r]t ;d]t u/fOPsf] lyof] .

@= nufgLstf klzIf0f tyf tflnd sfoqmd

k' FhLahf/sf]  ljsf; / nufgLstf{x?sf]  lxt ;+/If0f ug] {  clek|fon]  af]8{n]  b]ze/ 5l/P/ /x]sf ;j{;fwf/0f

nufgLstf{, pBf]u Joj;foL, ljBfyL{ nufot ;DalGwt kIfx?nfO{  k|lzIf0f tyf cGt/s[of sfo{qmdx? dfkm{t

g]kfnsf]  k"  FhLahf/sf]  ;DaGwdf hfgsf/L k|bfg ub} { cfO{/x]sf] 5 . ;dLIff jif{df ;d]t af]8{af6 b]zsf laleGg

:yfgx?df k"  FhLahf/ ;DaGwL hgr]tgf clej[l4 tyf nufgLstf{ k|lzIf0f sfo{qmd ;+rfng ul/Psf]  lyof]  . o;

cfly{s jif{df ;DkGg ePsf sfo{qmdx? b]xfo cg';f/ /x]sf 5g .

 

af]8{n]  :yfgLo pBf]u jfl0fHo ;+3x?sf]  ;+o'Qm cfof]hgfdf qmdzM ldlt @)&).)^.@! df df]/Ësf] 

lj/f6gu/df, ldlt @)&).)^.@# df Onfdsf] Onfdahf/df, ldlt @)&).!).!# df k;f{sf] lj/u~hdf, ldlt

@)&).!).!% df /f}tx6sf]  uf}/df, ldlt @)&).!).!& df ;nf{xLsf]  dn+ujfdf, ldlt @)&).!).@* df

lrtjgsf]  /Tggu/df, ldlt @)&).!!.)# / !!.)$ df qmdzM /;'jfsf]  ;f]dbfª tyf w'Gr]df, ldlt

@)&!.)@.)% df l;Gw'nLsf] l;Gw'nLu9Ldf, ldlt @)&!.)@.)^ df ;'g;/Lsf] w/fgdf, ldlt @)&!.)@.)* df

t]x|y'dsf]  Dofªn'ªdf, ldlt @)&!.)@.)( df wgs'6fsf]  wgs'6fahf/df / ldlt @)&!.)#.@) df

sfe|  ]knf~rf]ssf]  ag]kf u/L b]zsf ljleGg !# :yfgdf nufgLstf{  k|lzIf0f sfo{qmd ;~rfng u/L s/La

!%)) hgf hlt :yfgLo pBf]uL, Joj;foL, k|fWofks, sfg'g Joj;foL tyf ljBfyL{x?nfO{  k"  FhLahf/sf

ljljw kIfx?sf] af/]df k|lzIf0f lbPsf] 5 .

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16  g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

  pkTosfsf] klAns o'y SofDk;df cWoog/t s/La $)) ljwfyL{x?nfO{ k"  FhLahf/sf ljljw kIfx?sf] af/]df

hfgsf/L k|bfg ul/Psf] 5 .

  af]8{n] o:tf] sfo{qmdx?df ;|f]t JolQmsf] ?kdf af]8{sf sd{rf/Lsf ;fy} g]kfn :6s PS;r]~h ln=, l;l8P;

P08 lSnol/Ë ln= / lwtf]kq bnfn Joj;foLx? ;d]t kl/rfng ug] { u/]sf] 5 . 

k"  FhLahf/df ;r]t nufgLstf{ a9fpg b]zJofkL?kdf nufgLstf{  k|lZfIf0f tyf hgr]tgf clea[l4 u/fpg] 

sfo{nfO{ cfufdL cfly{s jif{x?df cem k|efjsf/L?kdf ;~rfng ug] { nIo af]8{sf] 5 .

@= @ tflnd tyf ;ldgf/df ;xeflutf

g]kfn lwtf]kq af]8{n] sd{rf/Lx?sf] ;Lk tyf sfo{ut bIftf clea[l4sf nflu k' FhLahf/ ;DaGwL ljleGg tflnd,

;]dLgf/ tyf cGo sfo{qmdx?df ;xefuL u/fpFb}  cfPsf]  5 . cfly{s jif{  @)&)÷&! df 2013 Korea Capital

Market Seminar Overview, South Korea, Money Laundering in the Capital Market: Threats, Vulnerabilities

and Controls, Sri Lanka, APEC FRTI Regional Seminar on Supervision and Suriveillance of Market

Intermediaries, Srilanka, Third Multi-Stake Holders Advocacy Moot on Regional Financial Integration,

Pakisthan, 9th

 ASF Tokyo Round Table, Japan, APEC FRTI Regional Seminar on Understanding Global Financial

Markets and Product, Cambodia, Study Visit and Asia Derivative Conference, Singapore, 2014th

  Tokyo

Seminar on Secuities Market Regulation, Japan, Programme on International Capital Markets: Develoments

and Policy Issues, India, Korea High-Level Global Symposium on Financial Education: Promoting Long-term

Saving and Investment Seminar, South Korea, Builiding education program for investors and market,

Cambodia, Corporate Governance and Compliance, Maldives, International Institute for Securities Markets

Development Program, USA, Conference on Global and European Trends in Financial Education: New

Challenges, Turkey, ANNA General Meeting, Iceland / 2014 Thomas A. Biolsi International Institute for

Capital Market Compliance and Examination, USA h:tf tflnd tyf ;]ldgf/df af]8{sf sd{rf/Lx?nfO{ ;xefuL

u/fO{Psf] lyof] . 

;dLIff jif{df Money Laundering in the Capital Market: Threats, Vulnerabilities and Controls, Sri Lanka,

Third Multi-Stake Holders Advocacy Moot on Regional Financial Integration, Pakisthan, Study Visit and

Asia Derivative Conference, Singapore, Korea High-Level Global Symposium on Financial Education:

Promoting Long-term Saving and Investment Seminar, South Korea, Builiding education program for

investors and market h:tf ;]ldgf/ tyf sfo{qmdx?df af]8{sf cWoIf tyf kbflwsf/Lx?sf]  ;xeflutf /x]sf] 

lyof] .

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17   g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

@= # ksfzg tyf ;"rgf kjfx

@= #

= lwtfkq tYofs k|0ffnL

;" rLs[t sDkgLx?sf] aflif{s k|ltj]bgdf ;dflji6 ljut !& aif{cl3 b]lvsf tYof+sx? tyf /fli6«o Pj+ cGt/f{li6«o

If]qsf kF 'hL ahf/ tyf cy{tGq;Fu ;DalGwt tYof+sx? ;+sng u/L lwtf]kq tYof+s Aoj:yfkg k|0ffnL :yfkgful/Psf]df pQm k|0ffnLdf /x]sf ljj/0fx? cWofjlBs u/L ;fj{hlgs ug] { sfo{nfO{  lg/Gt/tf lbO{Psf]  5 . o;

k|0ffnLaf6 lwtf]kq ahf/df nufgL ug{  rfxg]  ;j{;fwf/0f nufgLstf{x?n]  cfkm'n]  nufgL ug{  rfxg]  ;" rLs[t

;+ul7t ;+:yfx?sf] ljlQo ljj/0f k|fKt ug{ ;xh ePsf] 5 .

@= #

=@ jflifs k|ltjbg tyf ;afg Go'hn]6/

lwtf]kq ;DaGwL P]g, @)^# sf] bkmf @^ n] u/]sf] Joj:yf cg';f/ lwtf]kq ahf/df ePsf sfdsf/jfxL, ultljlw

/ ahf/ ljsf;sf nflu ePsf k|of;x? ;dfj]z u/L af]8{n] cfly{s jif{  @)^(÷&) sf] jflif{s k|ltj]bg -g]kfnL

tyf c+u|  ]hL ;+:s/0f_ k|sfzg u/L ljt/0f u/]sf] 5 . ;fy}  lwtf]kq ahf/sf ljleGg ultljlwx?nfO{ ;d]6L tof/ul/Psf] ;]af]g Go" hn]6/sf] c+s ( -g]kfnL ;+:s/0f_ k|sfzg u/L ljt/0f ul/Psf] 5 .

@= #

=# ;rtgfd"ns ;fdfuLx? 

lwtf]kqdf nufgL ubf{ cjnDag ug' {kg] { ;hutf ;DaGwdf nufgLstf{x?sf] hfgsf/Lsf] :t/ clea[l4 ug{  ] p2]Zon] 

af]8{n]  …nufgLstf{x?n] hfGg'kg] { s'/fx?Ú tyf …lwtf]kqdf nufgL ug' { cl3 Wofg lbg'kg] { s'/fx?Ú ljifo zLif{sdf

k'l:tsf k|sfzg u/L ljt/0f u/]sf] 5 . lwtf]kqsf nufgLstf{x?n]  lwtf]kqdf nufgL ubf{  Wofg lbg'kg] { s'/fx?

;DaGwdf af]8{n] kDkn]6 k|sfzg tyf ljt/0f u/]sf] 5 . ;fy} lwtf]kqsf nufgLstf{x?nfO{ lwtf]kqdf nufgL ubf{ 

Wofg k'¥ofpg'kg] {  s'/fx?sf ;DaGwdf ;r]t u/fpg af]8{n]  ljleGg /fli6«o kqklqsf, 6]lnlehg nufotsf

;+rf/dfWodx? dfkm{t ;r]tgfd" ns ;fdfu| Lx? k|sfzg tyf k|;f/0f ug] { sfo{nfO{ lg/Gt/tf lbOPsf] 5 .

@= #

=$ lwtfkq sfgg ;u|x

lwtf]kq ;DaGwL P]g, lgodfjnL tyf lgb{  ]lzsfx? ;dfj]z u/L lwtf]kq ;DaGwL sfg'g ;+u|x, @)&) k|sflzt

ul/Psf] 5 .

@= #

=% ja;fO6

lwtf]kq ahf/sf ljljw kIfx? ;DaGwdf ;Dj4 kIfx?nfO{  lg/Gt/ ?kdf hfgsf/L pknAw u/fpg]  p2]Zon] 

lwtf]kq ahf/;Fu ;DalGwt P]g, lgod tyf lgb] {lzsfx?, g]kfn lwtf]kq af]8{sf] kl/ro, af]8{sf] jflif{s k|ltj]bg /

af]8{df u'gf;f]  lbg]  9fFrfsf ;fy} nufgLstf{sf nflu hfgsf/L tyf r]tgfd" ns ;fdfu| Lx? ;dfj]z u/L af]8{n] 

cfkm\gf] j]j ;fO6 tof/ u/]sf] 5 . af]8{sf] j]a;fO6 dfkm{t lwtf]kq ahf/, lwtf]kq Aoj;foL tyf ;" rLs[t ;+ul7t

;+:yfx?sf] P]g lgodsf] kfngfsf] l:ylt ;DaGwL ljj/0f ;fj{hlgs u/]sf] 5 .

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18 

g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

@= #

=^ x6nfOg 6]lnkmfgsf Joj:yf

lwtf]kq ahf/sf nufgLstf{x?sf] ;d:of, u'gf;f, ;Nnfx / ;'emfj ;xh ?kdf k|fKt ug{ ;lsof]; eGg] x]t'n] o;

cfly{s jif{ b]lv k};f gnfUg] x6nfO{g kmf]gsf] Joj:yf ul/Psf] 5 . af]8{sf] x6nfOg g+  $$) ) $$$## /x]sf] 

5 .

@= $ cWoog tyf cg;Gwfg

cfly{s jif{  @)&)÷&! df af]8{n]  sdf]l86Lh 8]l/e]l6e ahf/ lgodg ug] {  ;DaGwdf cWoog u/fO{

;/f]sf/jfnfx?sf] ;'emfjx? ;d]t ;d]6L k|ltj]bg tof/ u/L a:t' ahf/ ;DaGwL P]gsf] d:of}bf tof/ u/]sf] 5 .

o; cfly{s jif{df af]8{n]  k':tsfno dfkm{t nufgLstf{, ljBfyL{, cg';Gwfgstf{  tyf ljZjljBfnosf

cWofksx?nfO{  lwtf]kq ahf/;DjGwL ;+slnt tYofÍ, af]8{sf k|sfzg tyf cGo ljljw ;" rgf tyf hfgsf/Lx?

pknAw u/fPsf] 5 . ah]6 jQmAo dfkm{t NofOg] ;/sf/sf] gLlt tyf sfo{qmddf ;dfj]z ug' {kg{  ]  lwtf]kq ahf/

;DaGwL ljifo–j:t' tof/ u/L g]kfn ;/sf/, cy{ dGqfnodf k7fOPsf] 5 .

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19 

g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

#= kfylds ahf/sf cj:yf

;+ul7t ;+:yfn] cfkm\gf]  lwtf]kq v/Lb ug{sf nflu ;fj{hlgs ?kdf cfJxfg u/L ;j{;fwf/0faf6 /sd p7fpg] 

sfo{nfO{ k|fylds ahf/ lgisfzg elgG5 . k|fylds ahf/af6 ;+ul7t ;+:yf tyf ;/sf/L lgsfon] ;j{;fwf/0fdf

ljleGg k|sf/sf lwtf]kq lgisfzg u/L kF 'hL kl/rfng ug{  ;Sb5g\  . Kf|fylds ahf/ k|fo 7" nf]  cfsf/sf]  tyfbL3{sfnLg kF 'hL kl/rfng ul/g]  k|d'v ;|f]t xf]  . k|fylds ahf/df k"  FhL cfjZos x'g]  kIfn] art x'g]  kIfnfO{

lwtf]kq hf/L u/L /sd ;+sng ub5{  . cfly{s jif{  @)&)÷&! df ;di6Lut ?kdf k|fylds ahf/ ;fdfGo

b]lvPsf] 5 . ;dLIff cjlBdf k|fylds ahf/tkm{ b]xfo adf]lhdsf sfo{x? ePsf 5g\ .

#= lwtfkq btf tyf ljj/0fkq :jLslt

lwtf]kq ;DaGwL P]g, @)^# df ;+ul7t ;+:yfx¿n]  lgisfzg ug{  ]  lwtf]kqx¿ af]8{df btf{  u/fpg'  kg{  ]  Joj:yf

ePg';f/ cfly{s jif{  @)&)÷&! df $ jfl0fHo a} +s, @$ ljsf; a} +s, @ ljQ sDkgL, !) aLdf sDkgL / %

hnljB't sDkgL u/L s'n $% ;+ul7t ;+:yfx¿sf] ;fwf/0f ;]o/, C0fkq tyf xsk|b ;]o/ u/L s'n ?= & cj{ @^s/f]8 ^* nfv &% xhf/ d'No a/fj/sf] lwtf]kq af]8{df btf{ u/fPsf 5g\ .

cfly{s jif{ @)^(÷&) df !! jfl0fHo a} +s, !^ ljsf; a} +s, $ ljQ sDkgL, @ aLdf sDkgL / ! hnljB't sDkgL

u/L s'n #$ ;+ul7t ;+:yfx¿n] ;fwf/0f ;]o/, C0fkq tyf xsk|b ;]o/ u/L s'n ?= !) cj{ ^* s/f]8 %@ nfv

d'No a/fj/sf] lwtf]kq btf{ ul/Psf]  lyof] . ;dLIff jif{df k"  FhL kl/rfng ug] { sDkgLx?sf] ;+Vof j[l4 ePtf klg

k"  FhL kl/rfng #!=(( k|ltztn]  sdL cfPsf]  5 . cl3Nnf]  cfly{s jif{df # 7" nf jfl0fHo a} +sx?n]  ;fj{hlgs

lgisfzg u/]sf]  / o; cf=j=df ljsf; a} +sx?sf] dfq ;fj{hlgs lgisfzg ePsf]n] ;f] sdL cfpg uPsf] xf]  .

lwtf]kq lgisfzgsf]  cj:yfnfO{  lgDgfg';f/sf]  rf6 tyf cg';" rL–# df k|:t't ul/Psf]  5 .

 

167=23244=33

229=55

996=82

1682=85

1082=24

685=40

295=01

1068=52

726=68

0

500

1000

1500

2000

2061.62 2062.63 2063.64 2064.65 2065.66 2066.67 2067.68 2068.69 2069.70 2070.71

cfly{s jif 

lwtf]kq lgisfzg /sd -?=s/f] df_

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20 

g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

#= = ;fjhlgs lgisfzg cgdlt tyf lgisfzg

;fjh{lgs lgisfzg cg'dlt tkm{ ;dLIff cjlBdf af]8{af6 ! afl0fHo a} +s, !@ ljsf; a} +s, # hnljB't sDkgLu/L hDdf !^ ;+ul7t ;+:yfsf]  ? ! cj{  %& s/f]8 #% nfv a/fa/sf]  lwtf]kq btf{  u/L ;f]sf]  ;fj{hlgslgisfzgsf nflu ljj/0fkq :jLs[tL k|bfg ul/Psf] 5 . cfly{s jif{ @)^(÷&) df # afl0fHo a} +s, !$ ljsf;

a} +s, # ljQ sDkgL, ! hnljB't sDkgL, / ! jLdf sDkgL u/L hDdf @@ ;+ul7t ;+:yfsf] ? # cj{ !* s/f]8&$ nfv a/fa/sf]  lwtf]kq af]8{df btf{  ul/Psf]  lyof]  . o; cfly{s jif{df ;fj{hlgs lgisfzg cg'dlt k|fKtu/]sf ;+ul7t ;+:yfx?sf] ljj/0f cg';" rL–$ df k|:t't ul/Psf] 5 .

;fjh{lgs lgisfzgtkm{  o; cf= j= df af]8{af6 k|fylds ;]o/-;fwf/0f ;]o/_ lgisfzgsf cflu cg'dlt k|fKtu/]sf !^ j6} ;+ul7t ;+:yfx?n] ;j{;fwf/0fdf ;]o/ lalqm v'nf u/L lgisfzg ul/;s]sf 5g\ . o; cfly{s jif{ ?=! cj{ %& s/f]8 #% nfv a/fa/sf]  ! s/f]8 %& nfv #% xhf/ lsQf ;]o/sf] k|fylds lgisfzg u/]sf 5g\  .;fj{hlgs lgisfzg ul/Psf]  ;a}  ;+ul7t ;+:yfsf]  ;]o/ k" 0f{?kdf lalqm ePsf]  5 / ;]o/sf]  afF8kmfF6 ;d]te};s]sf] 5 . lt dWo] !# ;+ul7t ;+:yfsf] ;]o/ g]kfn :6s PS:r]Gh lnld6]8df ;" rLs[t ;d]t eO{ sf/f]af/ ;d]tz'? e};s]sf] 5 .

#= =@ C0fkq :jLs[tL tyf lgisfzg

cfly{s jif{  @)&)÷&! df # j6f afl0fHo a} +sx?n]  ?= ! cj{  $% s/f]8 j/fj/sf]  dfq C0fkqsf]  ;fj{hlgslgisfzgsf] nflu af]8{af6 :jLs[lt kfPsf 5g hals cfly{s jif{ @)^(÷&) df & j6f afl0fHo a} +sx?n] ?= #cj{  %% s/f]8 j/fj/sf]  C0fkqsf]  ;fj{hlgs lgisfzgsf]  nflu af]8{af6 :jLs[lt kfPsf lyP . cfly{s jif{ @)&)÷&! df C0fkq lgisfzgsf nflu cg'dlt k|fKt u/]sf ;+ul7t ;+:yfx?sf] ljj/0f cg';" rL–% df k|:t'tul/Psf] 5 .

af]8{af6 C0fkqsf] ;fj{hlgs lgisfzgsf nflu :jLs[lt k|fKt u/]sf # j6} ;+ul7t ;+:yfx?n] ?= ! cj{ $% s/f]8a/fa/sf] !$ nfv %) xhf/ lsQf l8j]~r/sf] k|fylds lgisfzg u/L afF8kmfF6 ;d]t ul/;s]sf 5g\  . To;}u/L

cl3Nnf] cfly{s jif{df :jLs[t eO{ lgisfzg x'g afFsL /x]sf] >L l;l6hG;\ a} +s OG6/g]zgn ln= sf] ?= %) s/f]8a/fa/sf] l8a]~r/sf] lgisfzg klg o; cfly{s jif{df ePsf] 5 .

#= =# xskb ;o/ btf tyf lgisfzg

;dLIff jif{df !@ ljsf; a} +s, @ ljQ sDkgL, !) jLdf sDkgL / @ hnljB't u/L s" n @^ sDkgLn]  ljBdfg;]o/wgLx?df laqmL ljt/0fsf nflu hDdf ?= $ cj{ @$ s/f]8 ## nfv !# xhf/ d" No j/fj/sf]  xsk|b ;]o/af]8{df btf{ u/]sf 5g\ . cfly{s jif{ @)^(÷&) df ! jfl0fHo a} +s, @ ljsf; a} +s, ! ljQ sDkgL, ! jLdf sDkgLu/L s" n % sDkgLn] ljBdfg ;]o/wgLx?df laqmL ljt/0fsf nflu hDdf ?= # cj{ (# s/f]8 %@ nfv @) xhf/d" No j/fj/sf]  dfq xsk|b ;]o/ af]8{df btf{  u/]sf lyP . o; cfly{s jif{df xsk|b z]o/ btf{  u/]sf ;+ul7t;+:yfx?sf] ljj/0f cg';" rL–^ df k|:t't ul/Psf] 5 .

cf=j= @)&)÷&! df xsk|b lgisfzgsf nflu cg'dlt k|fKt u/]sf @^ ;+ul7t ;+:yfx?dWo] @) sDkgLn] xsk|blgisfzg u/L /sd ;+sng ul/;s]sf 5g\  . To;}u/L cl3Nnf] cfly{s jif{df :jLs[t k|bfg ul/Psf] >L u08sLljsf; a} +s ln= sf] ?= & s/f]8 a/fa/sf] xsk|b ;]o/ klg o; cfly{s jif{df lgisfzg ePsf] 5 . o; cfly{sjif{df ;+ul7t ;+:yfx?sf] ?= $ cj{ !! s/f]8 !# nfv (% xhf/ a/fa/sf] $! s/f]8 !! Nffv #( xhf/ lsQfa/fa/sf] ;]o/ lgisfzg ePsf] 5 .

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21  g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

#= =$ ;:yfks ;o/ btf

cfly{s jif{  @)&)÷&! df af]8{df ! jfl0fHo a} +s, !@ ljsf; a} +s, / @ hnljB't sDkgL u/L s'n !% ;+ul7t;+:yfsf] ?= ! cj{ *! s/f]8 ^) nfv ^# xhf/ a/fa/sf] ;+:yfks z]o/ btf{ ul/Psf] 5 . ut cfly{s jif{dfaf]8{df $ jfl0fHo a} +s, !% ljsf; a} +s, # ljQ sDkgL, ! aLdf sDkgL tyf ! hnljB't sDkgL u/L s'n @%

;+ul7t ;+:yfsf] ?= & cj{ &* nfv !@ xhf/ a/fa/sf] ;+:yfks z]o/ btf{ ul/Psf] lyof] . cl3Nnf] cfly{s jif{df# 7" nf jfl0fHo a} +sx?sf]  ;+:yfks ;]o/ btf{  ePsf]df o; cf=j=df t'ngfTds ?kdf ;fgf sDkgLx?sf]  dfq;+:yfks ;]o/ btf{  ePsf]n]  /sddf clns km/s cfPsf]  xf]  . o; cfly{s jif{df af]8{df ;+:yfks z]o/ btf{ u/fpg] ;+ul7t ;+:yfx?sf] ljj/0f cg';" rL–& df k|:t't ul/Psf] 5 .

#= =% afg; ;o/ btf

o; cfly{s jif{df af]8{df !^ jfl0fHo a} +s, #% ljsf; a} +s, @! kmfOgfG; sDkgL, !) OG:of]/]G; sDkgL, @hnljB't, ! xf]6n, tyf ! Jofkf/ sDkgL u/L hDdf *^ j6f ;+ul7t ;+:yfx¿sf] ?= ^ cj{ ^^ s/f]8 #! nfv&* xhf/ ( ;o !) a/fa/sf] af]g; ;]o/ btf{ ul/Psf] 5 . ut cfly{s jif{ af]8{df !) jfl0fHo a} +s, !( ljsf;a} +s, @) kmfOgfG; sDkgL, !$ OG:of]/]G; sDkgL, @ hnljB't, ! xf]6]n, tyf @ Jofkf/ sDkgL u/L ^* j6f;+ul7t ;+:yfx¿sf] ?= $ cj{ %( s/f]8 (^ nfv *@ xhf/ ^ ;o !) a/fa/sf] af]g; ;]o/ btf{ ul/Psf] lyof] .o; cfly{s jif{df af]8{df af]g; ;]o/ btf{ u/]sf ;+ul7t ;+:yfx?sf] ljj/0f cg';" rL–* df k|:t't ul/Psf] 5 .

#=@ ;fd"lxs nufgL sfif / ofhgf btf tyf lgisfzg

;fd" lxs sf]if lgodfjnL, @)^& sf]  Joj:yf cl3Nnf]  cfly{s jif{df af]8{df ^ j6f ;fd" lxs nufgL sf]if btf{ 

ePsf]df ;dLIff cjlBdf af]8{df s'g} klg sf]if btf{ ePgg\  . af]8{df btf{ ePsf ;fd" lxs nufgL sf]ifx? qmdzM

l;4fy{ Do'r'on km08, gljn Do'r'on km08, nIdL Do'r'on km08, PgPdaL Do'r'on km08, PgcfO{ljPn Do'r'on

km08 / Unf]an Do'r'on km08 /x]sf 5g\ .

;fd" lxs nufgL sf]ifsf] of]hgf Joj:yfkg ug{ tyf sf]ifsf] l8kf]lh6/Lsf] ?kdf sfo{ ug{ af]8{n] o; cfly{s jif{df

>L nIdL Soflk6n ln= / >L PgcfO{laPn Soflk6n ln= nfO{ of]hgf Joj:yfks / l8kf]lh6/Lsf] sfo{ ug{ cg'dlt

k|bfg u/]sf]  5 . ;fy}  sf]ifdf ;xefuLx?sf]  lxt ;+/If0f tyf sf]if cGt{ut x'g]  sfd sf/afxLsf]  ;'kl/j]If0fsf

nflu ;dLIff cjlBdf >L nIdL Do'r'on km08 / >L PgcfO{laPn Do'r'on km08x?sf] sf]if ;'kl/j]Ifs lgo'lQmsf

nflu :jLs[tL lbOPsf] 5 .

cfly{s jif{  @)&)÷&! df l;4fy{  nufgL sf]if cGt{utsf] l;4fy{  OlSj6L u|f]y :sLd cGt{utsf]  ?= *) s/f]8

a/fa/sf] *) nfv o'lg6 aGbd'vL ;fd" lxs of]hgf af]8{df btf{ ul/Psf] 5 . pQm of]hgfn] ;j{;fwf/0fsf nfluOsfO{ v/Lbsf nflu cfJxfg u/]sf]df ;j{;fwf/0faf6 a9L OsfO{sf] dfu eP cg'?k lgodfg';f/ z'?sf]  lgisfzg

OsfO{df @% k|ltztn]  yk u/L afF8kmfF6 u/]sf]  lyof]  xfn pQm of]hgf g]kfn :6s PS;r]~hdf ;" rLs[t e} 

sf/f]af/;d]t z'? e};s]sf] 5 . ut cfly{s jif{df af]8{df qmdzM ?=$) s/f]8 a/fa/sf] $ s/f]8 OsfO{ tyf ?=

%) s/f]8sf] % s/f]8 OsfO{ /x]sf @ j6f ;fd'lxs nufgL of]hgf btf{ ul/Psf] lyof] . 

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g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

$= lwtfkq bf;|f] ahf/sf cj:yf

;+ul7t ;+:yfx?n] ;j{;fwf/0fx?aLr hf/L u/]sf] lwtf]kqx?sf] sf/f]af/ ug{sf nflu :yfkgf ul/Psf] ahf/ bf];|f] 

ahf/ xf] . lwtf]kq vl/bstf{ tyf laqm]tfnfO{ { Ps} 7fpFdf NofO{ lg/Gt/ ?kdf lwtf]kqsf] vl/b, laqmL jf ljlgdo

sfo{  bf];|f]  ahf/ dfkm{t ul/G5 . kF 'hLahf/df nufgL ug{  rfxg]  nufgLstf{nfO{  nufgLsf]  cj;/ of]  ahf/sf] 

dfWodaf6 k|fKt x'G5 . g]kfn :6s PS;r]~h ln= dfkm{t g]kfndf bf];|f]  ahf/sf]  sf/f]af/ e}/x]sf]  5 . ;dLIff

jif{df lwtf]kqsf] bf];|f] ahf/ cGt{ut ePsf sfdsf/jfxLx? lgDgfg';f/ /x]sf 5g\ .

$= lwtfkq ;"rLs/0f

$= = ;fwf/0f ;o/ ;"rLs/0f

 

cfly{s jif{ @)&).&! df ;fwf/0f ;]o/ hf/L u/]sf @ afl0fHo a} +s, !% ljsf; a} +s, @ ljQ sDkgL / @ hnljB't

sDkgL u/L @! ;+ul7t ;+:yf / s[lif ljsf; a} +ssf] yk ;fwf/0f ;]o/ u/L ? & cj{ %$ s/f]8 !@ nfv @% xhf/a/fa/sf] ;fwf/0f ;]o/ ;" rLs/0f u/fPsf 5g\ . ut cfly{s jif{df @) ;+ul7t ;+:yfsf] ?= & cj{ #$ s/f]8 ^)

nfv a/fa/sf] ;fwf/0f ;]o/ ;" rLs/0f ul/Psf] lyof] .

$= =@ xskb ;o/ ;"rLs/0f

cfly{s jif{ @)&).&! df # afl0fHo a} +s, ^ ljsf; a} +s, * ljdf sDkgL, @ hnljB't sDkgL tyf ! ljQ sDkgL

u/L @) ;" rLs[t ;+ul7t ;+:yfx?n] ?= % cj{ *^ s/f]8 *@ nfv @ xhf/ a/fa/sf] xsk|b ;]o/ g]kfn :6s

PS;r]Gh ln= df ;"rLs/0f u/fPsf 5g\  . ut cfly{s jif{df hDdf ( j6f ;" rLs[t ;+:yfx?sf] ?= @ cj{ *)

s/f]9 (* nfv a/fa/sf] xsk|b ;]o/ g]kfn :6s PS;r]~hdf ;" rLs/0f ePsf] lyof] .

$= =# C0fkq ;"rLs/0f

o; cfly{s jif{df ;" rLs[t ;+ul7t ;+:yfx? dWo] % jfl0fHo a} +sx?n] ?= @ cj{  #) s/f]8 a/fa/sf] C0fkqx?

g]kfn :6s PS;r]Gh ln= df ;"rLs/0f u/fPsf 5g\ . o; cfly{s jif{df klg gofF ;/sf/L C0fkqx? g]kfn :6s

PS;r]Gh ln= af6 ;" rLs[t ePg . ut cfly{s jif{ ^ jfl0fHo a} +sx?sf] ?= @# cj{ &@ s/f]8 #^ nfv a/fa/sf] 

C0fkqx? g]kfn :6s PS;r]Gh ln= df ;"rLs/0f u/fPsf lyP .

$= =$ afg; ;o/ ;"rLs/0f

cf=j= @)&).&! df !^ jfl0fHo a} +s, #) ljsf; a} +s, @) ljQ sDkgL, !! OG:of]/]G; sDkgL, @ hnljB't, !

Jofkf/ / ! xf]6n u/L *) ;" rLs[t ;+ul7t ;+:yfx?n]  ?= ^ cj{ #^ s/f]8 &# nfv %) xhf/ a/fa/sf] af]g;

;]o/ g]kfn :6s PS;r]~hdf ;" rLs/0f u/fPsf 5g\ . ut cfly{s jif{df %* ;" rLs[t ;+:yfx?sf] ?= $@ cj{ #)

s/f]8 ## nfv a/fa/sf] af]g; ;]o/ ;" rLs/0f ul/Psf] lyof] .

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23  g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

$= =% ;fd"lxs nufgL ofhgf ;"rLs/0f

o; cfly{s jif{df s'g} klg ;fd" lxs nufgL of]hgf g]K;]df ;" rLs/0f ePgg\  . ut cfly{s jif{df ?= ! cj{ @%

s/f]8 a/fa/sf @ of]hgfx? g]kfn :6s PS;r]~hdf ;" rLs/0f ePsf lyP .

$= =^ ;"rLs[t ;+ul7t ;:yfx?sf juL{s/0f

lwtf]kq ;" rLs/0f ljlgodfjnL, @)%# df slDtdf # jif{ cufl8 b]lv d'gfkmfdf /x]sf], ;]o/sf] r'Qmf d'No eGbf

lstfjL d'No a9L ePsf], cfly{s jif{  ;dfKt ePsf]  ^ dlxgfleq pQm cfly{s jif{sf]  sf/f]af/ tyf cfo Joo

ljj/0f :6s PS;r]Ghdf k]z u/]sf], r'Qmf kF 'hL slDtdf ?=@ s/f]8 ePsf], ;fwf/0f ;]o/jfnfx?sf] ;+Vof slDtdf

!))) ePsf] / g]kfn :6s PS;r]Gh ln= sf] ;" rLs/0f ljlgodfjnLdf tf]lsP cg';f/sf] dfqfdf ;j{;fwf/0fnfO{ 

;]o/ laqmL u/]sf] ;" rLs[t ;+ul7t ;+:yfnfO{ æsÆ ju{df / cGonfO{ ævÆ ju{df juL{s/0f ug] { Joj:yf /x ]sf] 5 .

ljlgodfjnLsf]  Joj:yfg';f/ o; cfly{s jif{df ln= n] @% jfl0fHo a} +s, %* ljsf; a} +s, @& ljQ sDkgL, !$

aLdf sDkgL, ! pTkfbg tyf k|zf]wg sDkgL, ! xf]6n, # hnljB't / ! cGo ;d" xsf] sDkgL u/L hDdf !#) j6f

;" rLs[t ;+ul7t ;+:yfx?nfO{ æsÆ ju{df juL{s/0f u/]sf] 5 .

$= =& ;"rLs[t ;+ul7t ;:yfx?sf ;dxut ljj/0f

ut jif{df s'n ;" rLs[t ;+ul7t ;+:yfsf] ;+Vof @#) /x]sf]df o; cfly{s jif{df # j6f sDkgL yk eO{ ;" rLs[tsDkgLsf]  ;+Vof @## sfod ePsf] 5 . xfn ;" rLs[t sDkgLx?df @( jfl0fHo a+  }s, (% ljsf; a+  }s, %% ljQsDkgL, @@ aLdf sDkgL, $ xf]6n, !* pTkfbg tyf k|zf]wg sDkgL, $ Jofkf/ sDkgL, @ cGo sDkgL / $hnljw't sDkgLx? /x]sf 5g\ . ;"rLs[t ;+ul7t ;+:yfx?sf] ;d'xut ljj/0f tflnsf–! df k|:t't ul/Psf] 5 .

tflnsf

 

$ ;"rLs[t ;+ul7t ;:yfx?sf ;d"xut ljj/0f

qm= ;= ;d"x ;"rLst ;ul7t ;:yfsf ;Vof  kltzt

! jfl0fHo a} +s 29 12.45

@ ljsf; a} +s 95 40.77

# ljQ sDkgL 55 23.61

$ aLdf sDkgL 22 9.44

% pTkfbg tyf k|zf]wg 18 1.72

^ xf]6n 4 7.73

& Jofkf/ sDkgL 4 1.72

* hnljB't 4 0.86

( cGo 2 1.72

hDdf @## ))=))

;|f] tM g] kfn :6s PS;r] ~h ln=

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24 

g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

$=@ lwtfkq sf/faf/

cfly{s jif{ @)&)÷&! df lwtf]kq ahf/sf] sf/f]af/ /sddf pNn]Vo j[l4 ePsf] 5 . ut cfly{s jif{df ?= @@cj{  % s/f]8 a/fa/sf]  lwtf]kq sf/f]af/ ePsf]df o; cfly{s jif{df ?= && cj{  #) s/f]8 a/fa/sf]  lwtf]kqsf/f]af/ ePsf]  ] 5 . ;dLIff jif{df lwtf]kqsf] sf/f]af/ /sddf ut jif{sf] t'ngfdf @%*=^% k|ltztn] j[l4 cfPsf] 

5 . nufgLstf{x?df ahf/ k|ltsf] wf/0ff ;sf/fTds /x]sf]n] lwtf]kqsf] sf/f]af/df pNn]Vo j[l4 cfpsf] b]lvG5 .

;|f] tM g] kfn :6s PS;r] ~h ln=

$=# ahf/ k"hLs/0f

cfly{s jif{ @)&)÷&! df ahf/ k"  FhLs/0f ?= !) va{ %& ca{ !& s/f]8 k'u]sf] 5 . ;dLIff jif{df ahf/ k"  FhLs/0fut cfly{s jif{sf t'ngfdf !)%=% k|ltztn] j[l4 ePsf] xf]  . ut cfly{s jif{sf] cGTodf ahf/ k"  FhLs/0f ?= %va{  !$ ca{ $( s/f]8 /x]sf]  lyof]  . o; cfly{s jif{df ahf/ k"  FhLs/0fsf] s'n ufx{:y pTkfbg;Fusf] cg'kft%$=*@ k|ltzt /x]sf] 5 pQm cg'kft ut cf=j= df hDdf ##=#^ k|ltzt /x]sf] lyof] .

ahf/ k"  FhLs/0fdf If]qut c+z x]bf{  a} +s tyf ljQLo ;+:yfx?sf]-aLdfsf]  ;d]t_ &&=^# k|ltzt, cGosf]  (=#!k|ltzt, hnljw'tsf]  *=^( k|ltzt, pTkfbg tyf k|zf]wg If]qsf]  !=(! k|ltzt, xf]6nx?sf]  @=#^ k|ltzt tyfJofkfl/s ;+:yfx?sf] )=! k|ltzt /x]sf] 5 .

;|f] tM g] kfn :6s PS;r] ~h ln=

4508 3451 8360

22821 21681

11851

666510279

22048

77300

0

20000

40000

60000

80000

100000

2061/62 2062/63 2063/64 2064/65 2065/66 2066/67 2067/68 2068/69 2069/70 2070/71cfly{s jif{ 

lwtfkqsf] jflif{s sf/faf/

-?=bznfvdf_

6136=59

9681=37

18630=1336624=75

51293=9037687=13

32348=4336826=21

51449=21

105716 =58

0

20000

40000

60000

80000

100000

120000

2061.62 2062.63 2063.64 2064.65 2065.66 2066.67 2067.68 2068.69 2069.70 2070.71

ah

f

/

k

h

L

s

/

 

cfly{s jif{

;'rLs[t lwtf]kqsf] ahf/ k'hLs/0f -?=s/f]8df_

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25 

g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

$=$ ;"rLst lwtfkqsf r'Qmf d"No

;dLIff cjlBdf ;" rLs[t sDkgLx?sf] r'Qmf d'No ?= ! vj{ $& cj{ (# s/f]8 #$ nfv /x]sf] 5 . ut cfly{s

jif{sf] r'Qmf d'No ?= ! vj{  @^ cj{  $* s/f]8 ^ nfv /x]sf]  lyof]  . o; jif{sf]  lwtf]kqsf]  r'Qmf d" Nodf ut

cfly{s jif{sf] t'ngfdf ^=!@ k|ltztn] j[l4 cfPsf] 5 . of] cfly{s jif{df ?= !( cj{ &^ s/f]8 a/fa/sf] ljleGgz]o/x? g]kfn :6s PS;r]~hdf ;" rLs[t ePsf sf/0f r'Qmf k"  FhLdf j[l4 ePsf] xf] .

$=% gK;] kl/;"rs

cfly{s jif{  @)&).&! df lwtf]kq ahf/df pNn]Vo ;'wf/ ePsf]  5 . g]K;]  ;" rsf+s jfli{fs ljGb'ut cfwf/df

cl3Nnf] cfly{s jif{sf] t'ngfdf ((=(@ k|ltztn] j[l4 eO{ @)&! c;f/ d;fGtdf !)#^=!! ljGb'df k'u]sf] 5 . ut

cfly{s jif{sf] c;f/ d;fGtdf pQm ;" rsf+s %!*=## /x]sf]  lyof]  . ;f]  ;" rsf+s cl3Nnf]  jif{sf] ;f]xL cjlBdf

hDdf #@=(( k|ltztn]  j[l4 eO{  %!*=# ljGb'df /x]sf]  lyof]  . g]K;]  ;" rsf+ssf]  jflif{s k|j[ltnfO{  lgDgfg';f/sf] rf6{df ;d]t k|:t't ul/Psf] 5 .

;|f] tM g] kfn :6s PS;r] ~h ln=

286=67

386=86

683=95

963=36

749=10

477=73

362=85

389=74

518=33

1036=11

0

200

400

600

800

1000

1200

2061.62 2062.63 2063.64 2064.65 2065.66 2066.67 2067.68 2068.69 2069.70 2070.71

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cfly{s jif{

g]K;] kl/;"rs -ljGb'df_

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26  g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

%= ;d:of tyf r'gftL / sfo{ofhgf

%= ;d:of tyf rgftL

g]kfndf k"  FhLahf/sf] :yfoL tyf lbuf] ljsf;sf nflu af]8{af6 lgDgfg';f/sf ;d:of tyf r'gf}tLx?nfO{ ;Daf]wg

ug' { kg] { b]lvPsf] 5 . 

1.  g]kfndf lwtf]kq ahf/sf] cfsf/ j[l4 eP ;Fu;Fu} af]8{sf] ;+:yfut Ifdtf clej[l4 -oyf;dodf hgzlQm

j[l4_ x'g g;s]sf]n]  ]  lwtf]kq ahf/sf]  lgodg tyf cg'udgnfO{  ;zQm ?kn]  cufl8 a9fpg sl7gfO{ 

e}/x]sf] 5 .

2.  ;j{;fwf/0f nufgLstf{ / lwtf]kq Joj;foLx?sf nflu Jofks?kdf k|efjsf/L ljQLo lzIff tyf tflnd

sfo{qmdx? ;~rfng u/L lwtf]kq ahf/sf] lbuf] ljsf; ug] { sfo{ r'gf}tLk" 0f{ /x]sf] 5 .

3.  ljleGg lgsfox?sf] cys k|of;sf afah'b cGo If]qsf sDkgLx? -jf:tljs If]qsf sDkgLx?_ ahf/df

k|j]z gePsfn] k' FhL ahf/k|lt ;j{;fwf/0f nufgLstf{x?sf] cfs{if0f a9fpg] sfo{ r'gf}tLk"0f{ /x]sf] 5 .4.  ahf/df ;+:yfut nufgLstf{x?sf]  ;+Vofdf ck]lIft j[l4 eO{  g;s]sf], nufgLstf{x?nfO{  nufgLsf

ljsNksf ?kdf yk ljQLo pks/0fx? pknJw gePsf] tyf lwtf]kqsf] sf/f]af/ Online Trading System 

dfkm{t ;+rfngdf cfpg g;s]sf] cj:yfn] ubf{ lwtf]kq ahf/sf] lj:tf/ sfo{ r'gf}tLk"0f /x]sf] 5 .

5.  lwtf]kq ahf/df xfn pkTosf aflx/ k" j{ d]rLb]lv klZrd dxfsfnL;Dd 7" nf] ;+Vofdf nufgLstf{x¿ Pj+ 

u}/ cfjf;Lo g]kfnLx? tyf lab]zL ;+:yfut nufgLstf{x?n] ;d]t nufgL ug{ vf]lh/x]sf] ePtf klg u}/

cfjf;Lo nufgLstf{x?sf nflu bf];|f] ahf/df nufgL ;DaGwL :ki6 sfo{ljlwsf] cefj, ljb]zL ;+:yfut

nufgLstf{x?nfO{ lwtf]kqsf]  bf];|f]  ahf/ k|j]z u/fpg sfg" gsf]  cefj tyf pknAw lwtf]kq ;DaGwL;fwgx?df ;fwf/0f ;]o/sf] dfq afx'Notf tyf ljsl;t cf}hf/ Future, Options tyf  Index futures sf] 

cefj, ljB'tLo sf/f]jf/ k|0ffnL -Internet based trading_ sf]  cefj, ;xfos bnfn Joj;foL ;]jf

b]zsf ;a} If]qdf pknAw gx'g'n] ahf/sf] lj:tf/ sfo{ r'gf}tLk"0f{ /x]sf] 5 .

6.  kF " hL ahf/ ;DaGwL lg/Gt/ cWoog, cg';Gwfg, nufgLstf{  lzIff tyf hgr]tgf clej[l4 / tflnd

;]jfsf]  ;+:yfut Joj:yfsf nflu k|lti7fgsf]  :yfkgf u/L kF" hL ahf/nfO{  lbuf]  Pj+  ljZj;gLo k"  FhL

kl/rfngsf] dfWod agfpg] sfo{ sl7g Pj+ r'gf}tLk"0f{ /x]sf] 5 .

7. 

lwtf]kqsf] gfd;f/L k|s[of ´G´l6nf] Pj+ nfdf] ;do nfUg] tyf ;f]sf nflu sf7df8f} + pkTosfd} cfpg' kg] { cj:yf / lwtf]kq ahf/ ;DaGwL hfgsf/L clea[l4 Pj+ nufgL k|lzIf0f sfo{qmd b]zsf ;a} If]qdf

;~rfng gx+ 'bf, lwtf]kqsf] bf];|f] ahf/ ;]jf sf7df8f} + pkTosf s]Gb| Lt eO{ pkTosf aflx/af6 lwtf]kqsf] 

bf];|f]  ahf/df kF " hL kl/rfng x'g g;ls/x]sf]df o; ahf/nfO{  b]zJofkL Pj+  cGt/f{li6«os/0f ug{  ] sfo{ 

sl7g Pj+ r'gf}tLk"0f{ /x]sf] 5 .

8.  af]  ]8{sf] cfkm\g} ejg gePsf]n] af]8{sf sfo{x? k|efjsf/L?kdf ;~rfng ug{ sl7gfO{ e}/x]sf] 5 .

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27   g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

%=@ sfoofhgf

pk/f]Qm ;d:of tyf r'gf}tLx?nfO{  b[li6ut u/L af]8{n]  b]xfo cg';f/sf]  sfo{of]hgf lgwf{/0f u/L cfkm\gf]  sfd

sf/jfxLnfO{ cufl8 a9fO{/x]sf]  5 .

1. 

g]kfn lwtf]kq af]8{sf]  k|:tfljt gofF  ;+u7g ;+/rgf cg'?k yk hgzlQmsf]  Joj:yfkg tyf Ifdtf

clej[l4 u/L af]8{sf] lgodgsf/L sfo{nfO{ cem k|efjsf/L agfpg] .

2.  lwtf]kq ahf/nfO{ b]zJofkL tyf cGt/fli6«o :t/sf] agfpg ljBdfg sf/f]af/ k|0ffnLnfO{  Online Trading

System  sf]  ?kdf ljsf; u/L bf];|f]  ahf/ sf/f]af/nfO{  b]zJofkL agfO{  b]ze/sf nufgLstf{sf]

;xeflutfdf u'0ffTds j[l4 Nofpg ;xhLs/0f ug] { .

3.  s]Gb| Lo lgIf]k k|0ffnLnfO{ k" 0f{  / lg/Gt/ sfof{Gjogdf NofO{ b]zsf] k|d'v zx/x?af6 lwtf]kq sf/f]af/sf] 

/fkm;fkm tyf km5of} {6sf] Joj:yf e/kbf] { / lbuf] agfpg ;xhLs/0f ug] { .

4.  jf:tljs If]qsf ;+ul7t ;+:yfx?sf] pkl:ylt a9fO{  k"  FhL ahf/sf]  lbuf]  ljsf;sf nflu To:tf ;+ul7t

;+:yfx?nfO{ lwtf]kq ahf/df k|j]zsf nflu s/ 5'6 nufotsf k|f]T;fxg Kofs]h k|bfg u/L cfsifL{t ug{ 

cfjZos sfo{ ug] { .

5.  ;" rLs[t ;+ul7t ;+:yfx¿n]  ;dod}  ljQLo ljj/0fx¿sf]  n]vf kl/If0f gu/fpg], n]vf kl/If0f ul/Psfljj/0fx¿ Ps csf] {  If]qsf ;+ul7t ;+:yfx¿ jLr t'ngfof]Uo gx'g] h:tf k|j[lQdf ;'wf/ NofpgcGt/f{li6«o ljQLo ljj/0f k|jfx :t/ -International Financial Reporting Standards-IFRS_ nfu"  u/L ;du|;+ +:yfut If]qnfO{ kf/bzL{ agfpg sfo{ ug] { . 

6.  ;+:yfut C0fkq, ;fd" lxs nufgL sf]if tyf l8kf]lh6/L ;]jfdf ;xefuL x'g]  lxtu|fxLsf]  lxt ;'/Iffsfnflu 6«i6Lsf] ckl/xfo{tf /x]tfklg 6«i6Lsf] lgodg ;DjGwL Joj:yf eO{ g;s]sf] cj:yfdf lwtf]kq jhf/

ljsf;df ;xof]u k'/\ofpg 6«i6L ;DaGwL 5'6\6} P]g th' {df ug] { . 7.  ;fj{hlgs ?kdf lwtf]kq lgisfzg u/]sf ;+ul7t ;+:yfx?df ;+:yfut ;'–zf;g tyf ;+:s[ltsf ljsf;sf

nflu ;+:yfut ;'–zf;g cfrf/;lx+tf tof/ u/L k|efjsf/L ?kdf nfu"  ug] { .

8.  lwtf]kqsf]  bf];|f]  ahf/ k|d'v ?kdf ;fwf/0f z]o/sf]  sf/f]jf/d}  ;Lldt /x]sf]  cj:yfdf ;/sf/L tyf

;+ul7t ;+:yfx?n] hf/L u/]sf C0fkq, cu|flwsf/ z]o/, l8a]Gr/ / a08sf] lgisfzg sfo{nfO{ clej[l4

u/L To:tf] lwtf]kqsf] sf/f]af/df j[l4 Nofpg] .

9.  k"  FhLahf/sf]  ljsf;sf nflu ;dli6ut If]qdf cfjZostf cg';f/sf]  hgzlQm tof/ ug{  k"  FhLahf/

;DaGwL tflnd s]Gb| :yfkgf ug] { . 10.

 

lwtf]kqsf]  gfd;f/L tyf /fkm;fkm sfo{nfO{  l56f]  5l/tf]  agfpg s]Gb| Lo lgIf]k ;DaGwL sfo{ d'n'ssf] 

k|d'v zx/x?af6 ug{ ;lsg] Joj:yf ug{ ;xhLs/0f ug] { . 

11. 

a:t'ahf/sf] lgodgsf nflu sfg" gL Joj:yf ug{ cfjZos cGo sfo{x? ug] { .

12. af]8{sf] cfkm\g} ejg lgdf{0fsf nflu kxn ug] { . 

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28 

g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

cg;"rL

 

af8{sf gof ;u7g ;+/rgf

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29 

g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

cg;"lr @

gkfn lwtfkq af8

hfjnfvn, nlntk/

@)& cfiff9 #@ utsf jf;nft

-ckl/is[t_

 

ljj/0f cg";"lr

2071 cfiff 32 2070 cfiff 31

-/sd ?= df_ -/sd ?= df_

sfif tyf hu8f

sf]if tyf hu]8fx? 231,489,225.42 189,069,627.83

hDdf

231,489,225.42 189,069,627.83

;DklQ

l:y/ ;DklQ

@

k/n d'No 27,247,754.84 26,999,404.34

Go'gMx|f; sl§ 21,567,902.14 18,717,589.89

afsL dNo

5,679,852.70 8,281,814.44

nufgL

#

228,899,429.35 175,592,283.03

rfn ;DklQ

a} +s df}Hbft$

32,612,934.19 51,524,583.17

k]ZsL, w/f}6L tyf clu|d e'QmfgL%

7,014,997.57 7,543,463.04

k|fKt ug{ 'kg] { cfDbfgL^

12,673,088.73 7,333,667.02

s'n rfn' ;DklQ

52,301,020.49 66,401,713.23

Go'gM rfn' bfloTj&

(26,254,267.00) (35,622,877.79)

Go'g M Aoj:yf*

(29,136,806.92) (25,583,301.88)

v'b rfn ;DklQ

3,090,053.43) 5,195,533.56

hDdf

231,489,225.42 189,069,627.90

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30 

g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

cg;"lr @ -qmdzM_

 

gkfn lwtfkq af8

hfjnfvn nlntk/

2071 cfiff 32 ut ;Ddsf]

 cfo Joo lx;fa

-ckl/is[t_

 

ljj/0f cg;"lr

@)&)÷&

-/sd ?= df_

@)^(÷&)

-/sd ?= df_

cfo tkm

>L g]kfn ;/sf/af6 cg'bfg - -

lwtf]kq ahf/af6 cfDbfgL ( 64,645,404.70 67,195,791.84

Aofh cfDbfgL 19,293,653.22 15,661,355.70

laljw cfDbfgL !) 1,854,773.72 1,770,882.74

hDdf cfDbfgL

85,793,831.64 84,628,030.28

Joo tkm

sd{rf/L vr{  !! 21,027,443.25 19,160,346.78

cGo k|zf;lso vr{  !@ 17,887,809.71 19,188,311.30

x|f; sl§ vr{  @ 2,850,313.06 3,389,761.42

ckn]vg vr{ -Aofh cfDbfgLdf clu|d s/ s§L_ - -

hDdf vr

41,765,566.02 41,738,419.50

jrt -Joo eGbf a9L ePsf cfo_

44,028,265.62 42,889,610.78

sn jrt

44,028,265.62 42,889,610.78

af8kmFf8

cIfo sf]if 10,722,402.70

;fwf/0f hu]8f sf]if 30,022,727.55

sd{rf/L sNof0f sf]if 2,144,480.54

sn af8kmf8

44,028,265.62 42,889,610.79

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31  g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

cg;"lr

 

@ -qmdzM_

 

gkfn lwtfkq af8

hfjnfvn, nlntk/

@)& cfiff9 #@ ut ;Ddsf gub kjfx ljj/0f

ljj/0f

@)&).&

-/sd ?=_

@)^(.&)

-/sd ?=_

;~rfng ultljlwsf gub kjfx

o; jif{sf] afF8kmFf6 k'j{sf] jrt 44,028,265.62 42,889,610.78

hf]8M Xf; sl§ vr{  2,850,313.06 3,389,761.42

hf]8M pkbfg vr{ Joj:yf 2,807,290.32 1,303,864.49

hf]8M cf}iflw vr{ Joj:yf 3,232,141.25 4,358,555.91

hf]8M sd{rf/L labf vr{ Aoj:yf - -

hf]8M sd{rf/L ladf vr{ Aoj:yf - -

Go'gM l:y/ ;Dklt laqmL af6 cfDbfgL - -

Go'gM SDMS kl/of]hgf cGt{ut k|fKt ;DklQsf] x«f;s§L jfkt cfo (1,608,668.03) (1,593,672.75)Go'gM Aofh cfDbfgL (19,293,653.22) (15,661,355.70)

sfolzn klh k"jsf ;rfng gub kjfx

32,015,689.00 34,686,764.15

Go'gM rfn' ;DklQdf sld÷-a[l4_ (4,048,259.74) (5,486,291.12)

Go'gM rfn' bfloTjdf a[l4÷-sld_ (11,854,537.16) 13,088,210.88

Go'gM sd{rf/L sNof0fsf]ifdf e'QmfgL - -

;rfng ultljlwaf6 gub kjfx

16,112,892.10 42,288,683.91

nufgL ultljlwsf gub kjfx

Aofh cfDbfgL -sf]ifx?df k|ffKt Aofh ;lxt_ 19,293,653.22 15,661,355.70

hf]8M ut jif{sf] cGtdf k|fKt ug{ afFsL Aofh 4,000,255.09 2,085,106.90

Go'gM o; jif{sf] cGtdf k|fKt ug{ 'kg] { Aofh (4,762,951.59) (4,000,255.09)

o; jifsf vb gub Aofh cfDbfgL

18,530,956.72 13,746,207.51

Go'gM l:y/ ;DklQ v/Lb (248,351.50) (1,031,976.93)

hf]8M l:y/ ;Dklt laqmL - -

Go'gM yk -nufgL_÷lalqm (53,307,146.30) (25,272,728.74)

nufgL ultljlwaf6 vb gub kjfx

35,024,541.08) 12,558,498.16)

gubdf ePsf sn al4÷-sld_

18,911,648.98) 29,730,185.75

jiff{/Dedf gub tyf a} +s df}Hbft 51,524,583.17 21,794,397.42

jiffGtdf gub tyf as dfHbft

32,612,934.19 51,524,583.17

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32  g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

cg;"rL #

lwtfkq lgisfzgsf cj:yf-kfylds ahf/_

- /sd ?= s/f] 8df_  

ljj/0f

 

cflys jif{

 

@)^ ÷^@

 

@)^@÷^#

@)^#÷^$

 

@)^$÷^% 

@)^%÷^^

 

@)^^÷^&

 

@)^&÷^*

 

@)^*/^( @)^(÷&)

 

@)&)÷&

!= k"  FhL kl/rfng !^&=@# @$$=## @@(=%% ((^=*@ !^*@=*% !)*@=@$ ^*%=$) @(%=)! !)^*=%@&@^=^*

s ;fwf/0f ;]o/ #&=&% %&=(* #*=)@ (@=$* !*!=%& @^$=(# !&@=** !@(=*% #!*=&$%&=#%

v xsk|b ;]o/ ($=(# !)!=#% !@^=%# ^)(=#$ !$@^=@* *!&=#) %)&=%@ $%=!^ #(#=%@$@$=##

u cu|flwsf/ ;]o/ —  —  $) —  —  —  —  —  — 

3 l8j]Gr/ #)=)) *%=)) @%=)) @(%=)) &%=)) —  %=)) !@)=)) #%%=))$%=))

ª gful/s Psf+sof]hgf

!))=#* !$*=^# !&)=@# (*=)) (%=#$ !))=** #!=%$ #@=&) – 

r ;fd" lxs nufgL

of]hgf

—  —  —  —  —  —  —  —  !@%=))*)=))

@= k"  FhLkl/rfngstf{ ;+:yfx¿sf] ;+Vof

!$ @( #$ ^$ ^$ ^! $& @% #$$%

cg;"rL $

;fwf/0f ;o/ btf tyf ljj/0fkq :jLslt

qm=;=

 

;ul7t ;:yfsf gfd

 

cg'dlt k|bfg ul/Psf

/sd -?= s/f8df_

 

cg'dlt k|bfg

ldlt

 

lgisfzg tyf ljqmL kjGws

 

jffl0fHo as

!= ;]Gr'/L a} +s ln= (@=)) @)&)÷)(÷)( gful/s nufgL sf]if, l;len Soflk6n, u|f]df]/dr] {G6 ln=, gljn OGe]i6d]G6 ln= / Pgl;Pddr] {G6 a} +lsË ln=

ljsf; as

!= gofF g]kfn n3'ljQ ljsf; a} +s ln= ^=)) @)&)÷)%÷)# PgPdla Soflk6n ln=

@= sflnsf dfOqmf]qm]l86 8]enkd]G6 a} +s ln= @=)) @)&)÷)%÷!( PgPdla Soflk6n ln=

#= dft[e" ld ljsf; a} +s ln= !=%$ @)&)÷)^÷!) gful/s nufgL sf]if, l;len Soflk6n 

$= gfua]nL n3'ljQ ljsf; a} + +s ln= )=)$ @)&)÷)&÷)& PgPdla Soflk6n ln=

%= s;d; 8]enkd]G6 a} +s ln= !=&% @)&)÷)&÷!% l;len Soflk6n ln=

^= ldlynf n3'ljQ ljsf; a} +s ln= )=&) @)&)÷)*÷@^ l;len Soflk6n ln=

&= g]kfn sDo'lg6L 8]enkd]G6 a} +s ln= #=)) @)&)÷)(÷)! u|f]df]/ dr] {G6 a} +s/ ln=

*= dfp06 dsfn' 8]enkd]G6 a} +s ln= )=^) @)&)÷!!÷)% u|f]df]/ dr] {G6 a} +s/ ln=

(= ;xf/f ljsf; a} +s ln= )=^) @)&!÷)!÷)# Pln6 Soflk6n ln=

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33  g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

!)= Pstf ljsf; a} +s ln= *=)) @)&!÷)!÷#) PgPdla Soflk6n ln=

!!= nIdL n3'ljQ ljsf; a} +s ln= #=)) @)&!÷)@÷@( PgPdla Soflk6n ln=

!@= sfln~rf]s 8]enkd]G6 a} +s ln= $=() @)&!÷)#÷@@ u|f]df]/ dr] {G6 a} +s/ ln=

hnljBt sDkgL

 

!=  ;flgdf dfO{ xfO8«f]kfj/ ln= @!=! @)&)÷)%÷!( Pgl;Pd dr] {G6 a} +lsË ln=@= l/8L xfO8«f]kfj/ sDkgL ln=-:yfgLosf nflu_

l/8L xfO8«f]kfj/ sDkgL ln=-;j{;fwf/0f_

#=))

!!=&)

@)&)÷)%÷#!

@)&)÷!)÷@)

l;len Soflk6n ln=

#= a?0f xfO8«f]kfj/ sDkgL ln=-:yfgLosf nflu_ @=$# @)&!÷)!÷@% l;len Soflk6n ln=

s'n hDdf

  %&=#%

cg;"rL

 

%

C0fkq :jLslt

qm= ;= ;ul7t ;:yfsf gfd

cgdlt kbfg ul/Psf

/sd -?=s/f8df_

cgdlt kbfg ldlt lgisfzs tyf ljqmL kjGws

afl0fHo as

! g]kfn P;lacfO{ a} +s ln= @)=)) @)&)÷!@÷)^ PgPdla Soflk6n ln=

@ PgcfOl; Pl;of a} +s ln= %)=)) @)&)÷!@÷!( gljn OGe]id]G6 a} +lsË ln=

# g]kfn OGe]i6d]G6 a} +s ln= &%=)) @)&!÷)#÷!^ l;len Soflk6n ln=

hDdf $%=))

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34 

g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

cg;"rL

 

^

xskb ;o/ btf{ 

qm= ;= ;ul7t ;:yfsf gfd

:jLst kbfg

ul/Psf ldlt

lgisfl;t /sd

-?= s/f8df_

cgkft lgisfzg tyf laqmL kaGws

ljsf; as

!= ul/df ljsf; a} +s ln= @)&)÷)%÷)& !!=)) @M! Pln6 Soflk6n ln]@= d'lQmgfy ljsf; a} +s ln= @)&)÷)%÷!* &=#% !)M# u|f]df]/ dr] {G6 a} +s/ ln=#= lqj]0fL ljsf; a} +s ln= @)&)÷)%÷@$ &=$% !)M# P; Soflk6n ln=$= j]i6{g ljsf; a} +s ln= @)&)÷)^÷)$  $=)) #M@ u|f]df]/ dr] {G6 a} +s/ ln=%= lgnlu/L ljsf; a} +s ln= @)&)÷)^÷@@  $=@% !M)=&#(! Pln6 Soflk6n ln=^= ljZj ljsf; a} +s ln= @)&)÷)&÷@%  ^=#) $M! u|f]df]/ dr] {G6 a} +s/ ln=&= sfa]nL ljsf; a} +s ln= @)&)÷)*÷!(  )=*) !!M$ Pln6 Soflk6n ln=*= dxfsfnL ljsf; a} +s ln @)&)÷!!÷!^  *=)) !M@ P; Soflk6n ln=(= d]6«f] ljsf; a} +s ln= @)&)÷!!÷@%  #=&! @)M& Pgl;Pd dr] {G6 a} +lsË ln=!)= ;fOg /];' +uf 8]enkd]G6 a} +s ln= @)&!÷)!÷!%  !(=!( @M! u|f]df]/ dr] {G6 a} +s/ ln=!!= l;les 8]enkd]G6 a} +s ln= @)&!÷)#÷!@  !=)) $M! u|f]df]/ dr] {G6 a} +s/ ln=!@= Ogf]e]l6e 8]enkd]G6 a} +s ln= @)&!÷)#÷@#  $=() $M! PgPdla Soflk6n ln=kmfOgfG;

!=  sf7df8f} + kmfOgfG; ln= @)&)÷)&÷@% @=#! !M)=!% u|f]df]/ dr] {G6 a} +s/ ln=@= ;u/dfyf dr] {G6 a} +lsË P08 kmf= ln= @)&)÷!@÷!! $=!@ $M! gful/s nufgL sf]ifaLdf sDkgL

!=  ;" of{ nfOkm OG:of]/]G; sDkgL ln= @)&)÷)$÷@$ *=*& !)M@=!%^%& Pln6 Soflk6n ln=@= u'/fF; nfOkm OG:of]/]G; sDkgL ln= @)&)÷)^÷!# !!=^^ !)M#=)$!@! PgPdla Soflk6n ln=#= l;4fy{ OG:of]/]G; ln= @)&)÷)^÷!# !!=** !)M( PgPdla Soflk6n ln=$= lxdfnog hg/n OG:of]/]G; sDkgL

ln=

@)&)÷)*÷!) !$(=@) !M!=$*) PgPdla Soflk6n ln=

%= k| '8]lG;on OG:of]/]G; sDkgL ln= @)&)÷)*÷!* !=@% !M! PgPdla Soflk6n ln=^= n'lDagL hg/n OG:of]/]G; sDkgL ln= @)&)÷)*÷#) (=^^ !)M^=@(^ P; Soflk6n ln=&= lzv/ OG:of]/]G; sDkgL ln= @)&)÷!!÷)@ *=&% @M! PgcfOljPn Soflk6n ln=*= Plzog nfOkm OG:of]/G; sDkgL ln= @)&)÷!!÷)^ @=%^ @)M! l;len Soflk6n ln=(= PnfoG; OG:of]/]G; sDkgL ln= @)&)÷!@÷@^ *=(@ !)M%=% PgPdla Soflk6n ln=!)= g]kfn OG:of]/]G; sDkgL ln= @)&!÷)!÷)# !#=!( !M! u|f]df]/ dr] {G6 a} +s/ ln=hnljw't sDkgL

!= a'6jn kfj/ sDkgL ln= @)&)÷)(÷@# ^&=^* #M@ PgPdla Soflk6n ln=@= c?0f EofnL xfO8«f]kfj/ sDkgL ln= @)&)÷!)÷!# #%=)$ !M! Pln6 Soflk6n ln=

hDdf ?= $@$=##

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35 

g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

cg;"rL

 

&

;:yfks ;o/ btf

qm=;=

 

;ul7t ;:yfsf gfd

 

btf{ ul/Psf /sd

-?= s/f]8df_

 

btf{ ldlt

 

jffl0fHo as

!= ;]Gr'/L a} +s ln= !)*=)) @)&)÷)(÷)(

ljsf; as

!= gofF g]kfn n3'ljQ ljsf; a} +s ln= !=$) @)&)÷)%÷)#

@= sflnsf dfOqmf]qm]l86 8]enkd]G6 a} +s ln= #=)) @)&)÷)%÷!(

#= dft[e" ld ljsf; a} +s ln= @=*^ @)&)÷)^÷!)

$= gfua]nL n3'ljQ ljsf; a} + +s ln= !=)) @)&)÷)&÷)&

%= s;d; 8]enkd]G6 a} +s ln= @=^# @)&)÷)&÷!%

^= ldlynf n3'ljQ ljsf; a} +s ln= !=^% @)&)÷)*÷@^&= g]kfn sDo'lg6L 8]enkd]G6 a} +s ln= &=)) @)&)÷)(÷)!

*= dfp06 dsfn' 8]enkd]G6 a} +s ln= !=$) @)&)÷!!÷)%

(= ;xf/f ljsf; a} +s ln= !=$) @)&!÷)!÷)#

!)= Pstf ljsf; a} +s ln= !@=)) @)&!÷)!÷#)

!!= nIdL n3'ljQ ljsf; a} +s ln= &=)) @)&!÷)@÷@(

!@= sfln~rf]s 8]enkd]G6 a} +s ln= %=!) @)&!÷)#÷@@

hnljw't

!=  l/8L xfO8«f]kfj/ sDkgL ln= @&=)) @)&)÷)%÷#!

@= a?0f xfO8«f]kfj/ sDkgL ln=  )=!& @)&!÷)!÷@%

s'n hDdf

 * =^)

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36  g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

cg;"rL

 

*

afg; ;o/ btf

qm=;= ;ul7t ;:yfsf gfd /sd-?= s/f8df_ lwtfkq btf ldlt

afl0fHo as

!= lxdfnog a} +s ln=-cf=j= @)^(÷&) sf] _   #^=)) @)&)÷)$÷!&  

@= a} +s ckm sf7df08' ln= @#=%* @)&)÷)(÷)! 

#= g]kfn P;ljcfO a} +s ln= @(=$& @)&)÷)(÷)$ 

$= ;flgdf a} +s ln= @)=!^ @)&)÷)(÷!^ 

%= Pe/]i6 a} +s ln= !^=)! @)&)÷!!÷@! 

^= Unf]an cfOPdO a} +s ln= #^=@& @)&)÷!!÷@^ 

&= hgtf a} +s ln= ^=)) @)&)÷!!÷@( 

*= g]kfn OGe]i6d]G6 a} +s ln= #&=*& @)&)÷!!÷@( 

(= sd{h P08 6«i6 a} +s ln= $=)) @)&)÷!!÷@( 

!)= l;4fy{ a} +s ln= !(=$# @)&!÷)!÷!$ 

!!= n'lDagL a} +s ln= !@=*! @)&!÷)!÷!% 

!@= :6f088{ rf6{8 a} +s g]kfn ln= !*=&& @)&!÷)!÷@@ 

!#= gljn a} +s ln= ^!=)# @)&!÷)!÷@* 

!$= k|fOd sdlz{on a} +s ln= @#=$) @)&!÷)#÷)( 

!%= lxdfnog a} +s ln= !#=*) @)&!÷)#÷)( 

!^= s'df/L a} +s ln= @@=$$ @)&!÷)#÷@( 

ljsf; as

 

!= lgw{g pTyfg a} +s ln= )=&% @)&)÷)$÷)! 

@= ;xof]uL ljsf; a} +s ln= @=#$ @)&)÷)$÷!&  

#= sGsfO{ ljsf; a} +s ln= )=*& @)&)÷)^÷)# 

$= dflnsf ljsf; a} +s ln= !=)% @)&)÷)^÷!$ 

%= l;6L 8]enkd]G6 a} +s ln= %=$# @)&)÷)(÷)( 

^= s}nfz ljsf; a} +s ln= &=)* @)&)÷!)÷@@ 

&= ;fOg /];'Ëf ljsf; a} +s ln= ^=$) @)&)÷!!÷@) 

*= ul/df ljsf; a} +s ln= $=$) @)&)÷!!÷@! 

(= g]?8] n3'ljQ ljsf; a} +s ln= #=%^ @)&)÷!!÷@@ 

!)= l5d]s n3'ljQ ljsf; a} +s ln= %=@% @)&)÷!!÷@^ 

!!= e[s'6L ljsf; a} +s ln= #=@! @)&)÷!!÷@&  

!@= /fOlhË 8]enkd]G6 a} +s ln= !=$! @)&)÷!!÷@( 

!#= vfFbaf/L ljsf; a} +s ln= )=$) @)&)÷!@÷!) 

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37   g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

qm=;= ;ul7t ;:yfsf gfd /sd-?= s/f8df_ lwtfkq btf ldlt

!$= ;]jf ljsf; a} +s ln= @=&^ @)&)÷!@÷!! 

!%= lgw{g pTyfg ljsf; a} +s ln= $=)) @)&)÷!@÷!@ 

!^= ;ld6 dfOqmf]kmfOgfG; 8]enkd]G6 a} +s ln= )=#) @)&)÷!@÷!* 

!&= ldt]/L 8]enkd]G6 a} +s ln= @=!^ @)&)÷!@÷@) 

!*= d'lQmgfy ljsf; a} +s ln= $=() @)&)÷!@÷@^ 

!(= PS;n 8]enkd]G6 a} +s ln= %=)) @)&!÷)!÷!$ 

@)= :jfanDag n3'ljQ ljsf; a} +s ln= !=*$ @)&!÷)!÷!$ 

@!= ;xof]uL ljsf; a} +s ln @=(% @)&!÷)!÷!% 

@@= l8k|f]S; n3'ljQ ljsf; a} +s ln= @=!@ @)&!÷)!÷!^ 

@#= ;fgf ls;fg ljsf; a} +s ln= #=)^ @)&!÷)!÷!^ 

@$= ltgfp ljsf; a} +s ln= !=#* @)&!÷)!÷@! 

@%= Ogf]e]l6e ljsf; a} +s ln= )=%) @)&!÷)!÷@@ 

@^= P; 8]enkd]G6 a} +s ln= @=(% @)&!÷)!÷@# 

@&= e[s'6L ljsf; a} +s ln= &=)^ @)&!÷)@÷@^ 

@*= d]6«f] 8]enkd]G6 a} +s ln= !=^( @)&!÷)@÷@* 

@(= Kofl;lkms 8]enkd]G6 a} +s ln= !=#@ @)&!÷)@÷@( 

#)= lSng OghL{ 8]enkd]G6 a} +s ln= %=&$ @)&!÷)#÷)! 

#!= k" l0f{df ljsf; a} +s ln= !=)) @)&!÷)#÷)! 

#@= s~rg 8]enkd]G6 a} +s ln= !=)) @)&!÷)#÷)( 

##= uf}d'vL ljsf; a} +s ln= )=!^ @)&!÷)#÷)( #$= c/lgsf] 8]enkd]G6 a} +s ln= !=)^ @)&!÷)#÷@$ 

#%= z'e]R5f ljsf; a} +s ln= !=@! @)&!÷)#÷@$ 

ljQLo ;:yf

 

! klZrdf~rn kmfOgfG; sDkgL ln= #=(@ @)&)÷)$÷)!

@= nlntk'/ kmfOgfG; ln= )=!& @)&)÷)$÷)( 

#= cf]d kmfOgfG; ln= @=$^ @)&)÷)$÷)( 

$= u'8ljn kmfOgfG; ln= !=)$ @)&)÷)$÷@( 

%= hfgsL kmfOgfG; ln=  $=*& @)&)÷)%÷)@ 

^= >LOGe]id]G6 kmfOgfG; ln=  !=^) @)&)÷!)÷@) 

&= g]kfn PS;k|  ]; kmfOgfG; ln=  !=&! @)&)÷!)÷@) 

*= gful/s nufgL sf]if  )=*$ @)&)÷!!÷)( 

(= cfOl;Pkml; kmfOgfG; ln=  !=*@ @)&)÷!!÷@^ 

!)= ;]tL kmfOgfG; ln=  )=^^ @)&)÷!!÷@( 

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38 

g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

qm=;= ;ul7t ;:yfsf gfd /sd-?= s/f8df_ lwtfkq btf ldlt

!!= l/nfoan kmfOgfG; ln=  #=)^ @)&)÷!@÷!) 

!@= l;4fy{ kmfOgfG; ln=  @=^^ @)&)÷!@÷!@ 

!#= l;len dr] {G6 ljQLo ;+:yf ln=  #=^% @)&)÷!@÷@^ 

!$= u'x|  ]Zj/L dr] {G6 a} +lsË P08 kmfOgfG; ln=  @=&) @)&!÷)!÷)&  

!%= gd:t] ljQLo ;+:yf ln=  )=^@ @)&)÷)!÷)( 

!^= l;4fy{ kmfOgfG; ln=  @=#% @)&!÷)!÷!$ 

!&= Pe/]i6 kmfOgfG; ln=  !=@% @)&!÷)!÷!% 

!*= cf]d kmfOgfG; ln=  %=$@ @)&!÷)!÷@@ 

!(= g]kfn cfjf; kmfOgfG; ln=  !=## @)&!÷)!÷@* 

@)= gjb'uf{ kmfOgfG; sDkgL ln=  !=&* @)&!÷)@÷@^ 

@!= km]jf kmfOgfG; ln=  #=)) @)&!÷)#÷)! 

aLdf sDkgL

 

!= n'lDagL hg/n OG:of]/]G; sDkgL ln= !=@& @)&)÷)$÷)@ 

@= lzv/ OG:of]/]G; sDkgL ln= %=)) @)&)÷)$÷)@ 

#= k| '8]lG;on OG:of]/]G; sDkgL ln= @=%) @)&)÷)$÷)# 

$= g]kfn nfOkm OG:of]/]G; sDkgL ln= @^=@% @)&)÷)$÷)&  

%= ;u/dfyf OG:of]/]G; sDkgL ln= !@=(@ @)&)÷)$÷@( 

^= PgPnlh OG:of]/]G; sDkgL ln= $=%) @)&)÷)(÷)# 

&= lk|ldo/ OG:of]/]G; sDkgL ln= !=%# @)&)÷!)÷@# 

*= PgPnlh OG:of]/]G; sDkgL ln= @=&) @)&!÷)!÷!$ (= nfOkm OG:of]/]G; skf] {/]zg g]kfn ln= !%=!( @)&!÷)!÷!% 

!)= PnfoG; OG:of]/]G; sDkgL ln= @=)@ @)&!÷)#÷)( 

hnljB't sDkgL 

! c?0f EofnL xfO8«f]kfj/ sDkgL ln= $=%% @)&)÷)&÷!% 

@= lrlnd] hnljw't sDkgL ln= %@=&! @)&)÷!!÷@( 

xf6N;

!= ;f]N6L xf]6n ln= *=%( @)&)÷!!÷)%

Jofkf/

!= ;fN6 6«  ]l8Ë skf] {/]zg ln= )=%( @)&!÷)@÷@*

sn afgz ;o/ btf /sd ?= ^^^=#

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39 

g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

cg;"rL ( 

cgdlt kfKt lwtfkq bnfn Joj;foLx?

qm= ;+= gfd 7]ufgf 6lnkmfg g= km\ofS; g=

!= cu|jfn ;]So'l/l6h k|f= ln= l8NnLahf/, sf7df08f} $!^*)%& $!^*!#(

@= lk|ldo/ ;]So'l/l6h k|f= ln= /fdzfxky, sf7df08f} $@#!##( $@%%%*)#= l;Knf ;]So'l/l6h k|f= ln= lvrfkf]v/L, sf7df08f} $@%%&*@ $@%%%*)

$+  :j]tf ;]So'l/l6h k|f= ln= k'tnL;8s, sf7df08f} $$$$&(! $$!^^(#^

%= y|fOe a|f]s/]h xfp; k|f= ln= k'tnL;8s, sf7df08f} $$!&)%!, $$^)^$) $$@)%*@

^= lqz'n ;]So'l/l6h k|f= ln= k'tnL;8s, sf7df08f} $$$)&)( $$#*!(&

&= l;k|jL ;]So'l/l6h k|f= ln= kf]= a= g= %&)%, nlntk'/ %%#)&)! %)!!@)^

*= k|1fg ;]So'l/l6h k|f= ln= sdnfbL df]8, sf7df08f} $$(!^*#, $$(*@#$ )!^@@*()

(= s'df/L ;]So'l/l6h k|f= ln= l8NnL ahf/, sf7df08f} $$!*)#^ $$!*#^(

!)= dNn P08 dNn :6s a|f]lsÍ s+  k|f=ln=

l8NnL ahf/, sf7df08f} $$!$@^#, $$!^)%) $$!$))*

!!= cfz" tf]if a|f]s/]h P08 ;]So'l/l6h k|f=ln=

lvrfkf]v/L, Go" /f]8, sf7df08f} $@@&^!), $@@)@&^ $@$)!^@

!@= ;u/dfyf ;]So'l/l6h k|f= ln= k'tnL;8s, sf7df08f} $$##@@! $$@(%$(

!#= k|fOdf] ;]So'l/l6h k|f= ln= kf]= a= g= &$*, k'tnL;8s,sf7df08f} 

$@#)&*&, $@%#%^$ $@#(@!$

!$= dfs] {6 ;]So'l/l6h PS;r]Gh sDkgLln=

lvrfkf]v/L, Go" /f]8, sf7df08f} $@$*(&! $@$(%%*

!%= g]kfn OGe]:6d]G6 P08 ;]So'l/l6h6] «l8Ë k|f=ln=

k'/fgf]  affg]Zj/, led;]guf]nf,sf7df08f} 

$$!#@)!, $$(%$%) $$()&@&

!^= :6s a|f]s/ cf]k]n ;]So'l/l6h 6] «l8Ëk|f= ln=

afn'jf6f/ sf7df08f} + . $@#(@&# $@#(@&#

!&= g]kfn :6s xfp; k|f= ln= kf]=a=g= (&, ;L=kL=;L=-)!$

cgfdgu/, sf7df08f}

$@^%*** $@%%&#@

!*= c?0f ;]So'l/l6h k|f= ln= k'tnL;8s, sf7df08f} $$!()%! $$@)%&@

!(= >Ls[i0f ;]So" l/l6h ln= l8NnLahf/, sf7df08f} $@@$@^@, $@@@@)( $@@$@^@

@)= h]= Pkm= ;]So" l/l6h k|f= ln= kf]= a= g= @)($^, k'tnL;8s,sf7df08f} 

$$$@(!@ $$$@(!@

@!= Plj;L ;]So" l/l6h k|f= ln= OGb|rf]s, sf7df08f} $@#)&*&, $@!@($* $@@^%)&

@@= ld8f; :6s a|f]lsË sDkgL k|f= ln= sdnfbL, sf7df08f} $@$)!!%, $@$))*(

@#= Plzog ;]So" l/l6h k|f= ln= k'tnL;8s, sf7df08f} $@$)^)(, $@%*!^) $@$!*!&@$= gLe ;]So" l/l6h k|f= ln= k'tnL;8s, sf7df08f} $$#@#%# $$!)@!)

@%= ;'d]? ;]So" l/l6h k|f= ln= sdnfbL, sf7df08f} $$#@#%# $$!)@!)

@^= ODk]l/on ;]So" l/l6h k|f= ln= cgfdgu/, sf7df08f} $@#!))$ $@#!#$$

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40 

g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

qm= ;+= gfd 7]ufgf 6lnkmfg g= km\ofS; g=

@&= sflnsf ;]So" l/l6h k|f= ln= k'tnL;8s, sf7df08f} $$#)$&^ $$#)^)!

@*= :j{0fnIdL ;]So" l/l6h k|f= ln= k'tnL;8s, sf7df08f} $$!&!&* $$!&!&*

@(= blIf0fsfnL OGe]i6d]G6 P08 ;]So" l/l6hk|f= ln=

sdnfbL, sf7df08f}$!^*&$@ $!^*^$)

#)= lbklzvf lwtf]kq sf/f]af/ sDkgL k|f=ln=

cgfdgu/, sf7df08f} $!)@%#@, $!)@%#$ $@%$$()

#!= sf]lxg'/ OGe]i6d]G6 P08 ;]So" l/l6hk|f= ln=

sdn kf]v/L, sf7df08f} $$$@*%* $$$@*%&

#@= 8fOgflds dgL d]g]h;{ ;]So" l/l6h k|f=ln=

sdnfbL, sf7df08f} $$!$%@@ $$!$@%*

##= lehg ;]So" l/l6h k|f= ln= k'tnL;8s, sf7df08f} $$#*!@$ $$#*^@!

#$= ;]So'8{ ;]So" l/l6h ln= k'tnL;8s, sf7df08f} $!^*!&@ $!^*!(%

#%= ;gL ;]So" l/l6h k|f= ln= hdn, sf7df08f} $!^^))^ $!^^))%

#^= ;fpy Plzog a'N; k|f= ln= s'n]Zj/, sf7df08f} $@*$&*^ $@*$&*%

#&= lnGr :6s dfs] {6 ln= gofF afg]Zj/, sf7df08f} $&*$%^* $&*$%^&

#*= lqmPl6e ;]So'l/l6h k|f= ln= k'tnL;8s, sf7df08f} $!^*@)% $!^*@)#

#(= lqzlQm ;]So" l/l6h k|f= ln= k'tnL;8s, sf7df08f} $@#@!## $@#@!#@

$)= lqmi6n sGrgh+uf ;]So" l/l6h k|f= ln= k'tnL;8s, sf7df08f} $$@*)&@ $$@@#&^

$!= cgnfO{g ;]So" l/l6h k|f= ln= afuahf/, sf7df08f} $@$^#(@ $@$^#()$@= cfo{tf/f OGe]i6d]G6 P08 ;]So" l/l6h

k|f=ln=cgfdgu/, sf7df08f} $@##%(^ $@##%(&

$#= e[s'6L :6s a|f]lsË sDkgL k|f= ln= Go" /f]8, sf7df08f} $$@#$^^ $@@$^$*

$$= OGe]i6d]G6 d]g]hd]G6 g]kfn k|f= ln= lqk'/]Zj/, sf7df08f} $@%^%*( $@%^%()

$%= cS;kmf]8{ ;]So" l/l6h k|f= ln= sfnLdf6L, sf7df08f} $@@&#&!

$^= >Lxl? ;]So'l/l6h k|f= ln= sdnfbL, sf7df08f} $$#&%^@ $$#&%^%

$&= ;]jf ;]So'l/l6h k|f= ln= lqk'/]Zj/, sf7df08f} $@%^^$$ $@%^^$@

$*= ;'Gwf/f ;]So'l/l6h k|f= ln= ;'Gwf/f, sf7df08f} )!-^@!*%)^

$(= gf;f ;]So'l/l6h sDkgL ln= gS;fn, sf7df08f} $$*@#)% $$*!@)&

%) lbAof ;]So'l/l6h P08 :6s xfp; k|f=ln=

k'tnL;8s, sf7df8f} + $)!!)## $)!!)#$

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41  g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

cg;"rL ) 

af8af6 cgdltkq kfKt drG6 as/x¿

qm= ;= gfd 7]ufgf kmfg

km\ofS;

!=>L P; Soflk6n ln=

-lgisfzg tyf laqmL k|jGw, ;]o/ /lhi6«  ]zg, lwtf]kq k|Tofe" lt / nufgL Joj:yfkg_ nfnb/jf/, sf7df8f} +  $$@^!^! $$@^!##

@=>L Pgl;Pd dr]G6 a}lsË ln=

-lgisfzg tyf laqmL k|jGw, ;]o/ /lhi6«  ]zg, lwtf]kq k|Tofe" lt / nufgL Joj:yfkg_

sdnkf]v/L, sf7df8f} +  $$@!^%@ $$@#$)!

#=PgPdlj Soflk6n ln=

 

-lgisfzg tyf laqmL k|jGw, ;]o/ /lhi6«  ]zg, lwtf]kq k|Tofe" lt / nufgL Joj:yfkg_

aj/dxn, sf7df8f} +  $@%#)(^ $@%!%$$

$=>L gful/s nufgL sfif

-lgisfzg tyf laqmL k|jGw, ;]o/ /lhi6«  ]zg_ 

gofF afg]Zj/,sf7df8f} +

$&*!$#^ $&*%#@)

%=>L Unfan Soflk6n ln=->L Pln6 Soflk6n ln= sf] gfd kl/j{tg ePsf]_

-lgisfzg tyf laqmL k|jGw, ;]o/ /lhi6«  ]zg_ 

hdn, sf7df8f} + $@@@$^) $@@@%#$

^=>L leaf/ Soflk6n ln=-lgisfzg tyf laqmL k|jGw, ;]o/ /lhi6«  ]zg, lwtf]kq k|Tofe" lt / nufgL Joj:yfkg_  s[i0fuNnL, nlntk'/ %))%%$),%%%$&(# %%@$%%$

&=>L l;len Soflk6n dfs6\; ln=

-lgisfzg tyf laqmL k|jGw, ;]o/ /lhi6«  ]zg, lwtf]kq k|Tofe" lt / nufgL Joj:yfkg_ 

sdnfbL, sf7df8f} + $!^*^%$,$!^*^^$

$!^*&#$

*=>L lj8 OGei6 ln=

-nufgL Joj:yfkg_ 

s[i0fuNnL, nlntk'/ %%$*$)) %%$*$)%

(=>L uf]df/ dr]G6 as/ ln=

-lgisfzg tyf laqmL k|jGw, ;]o/ /lhi6«  ]zg, lwtf]kq k|Tofe" lt / nufgL Joj:yfkg_ 

b/jf/dfu{, sf7df8f} + $@@@(#(,$@@@(*&

$@@@*)@

!)=>L gljn OGei6dG6 alsË ln=

-lgisfzg tyf laqmL k|jGw, ;]o/ /lhi6«  ]zg, lwtf]kq k|Tofe" lt / nufgL Joj:yfkg_ 

rfjlxn, sf7df8f} + $$^%)!) $$^%))(

!!= >L nIdL Soflk6n dfs6 ln=

-lgisfzg tyf laqmL k|jGw, ;]o/ /lhi6«  ]zg, lwtf]kq k|Tofe" lt / nufgL Joj:yfkg_ k" Nrf]s, nlntk'/ %%%!#^#,

%%%!$^#%%#&&$#

!@=>L PgcfOljPn Soflk6n dfs6\; ln=

-lgisfzg tyf laqmL k|jGw, ;]o/ /lhi6«  ]zg, lwtf]kq k|Tofe" lt / nufgL Joj:yfkg_ 

nflhDkf6, sf7df8f} +  $))%)*)

$))%)%*

$))%)^*

$))%)*$

!#=>L slt Soflk6n P08 OGe]i6dG6;\ ln=

-nufgL Joj:yfkg_ 

/ljejg, sf7df8f} +  $@&^&*^ $@*!&&^

!$=>L :6s DofghdG6 P08 l8= lk= ln=*

-;]o/ /lhi6«  ]zg_ 

k'/fgf] afg]Zj/,sf7df8f} + 

*   vf/] hL k|lqmofdf /x] sf] .

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42  g]kfn lwtf]kq af]8{  jflif{s k|ltj]bg @)&)÷&!

cg;"rL 

lwtfkq bnfn Aojf;Lx?sf jflifs ljj/0f k:tlt 

qm=;+= lwtfkq bnfn Joj;foLx?sf gfd

jflifs ljj/0f-cflys jif @)^(.&)_

 

jflifs sf/faf/af6 kfKt

s"n sldzg

@)^(.&)-/sd ?= df_fKt ldlt

ljj/0f

ljQLo ljj/0f  sf/faf/

;DaGwL ljj/0f 

!= cu|jfn ;]So'l/l6h k|f= ln= @)&)÷)&÷@$ jflif{s k|ltj]bg k|fKt ePsf]  #^&@*!^*=)#

@= lk|ldo/ ;]So'l/l6h k|f= ln= @)&)÷)(÷#)  jflif{s k|ltj]bg k|fKt ePsf]  !@)^#)#(=))

#= l;Knf ;]So'l/l6h k|f= ln= @)&)÷)^÷@$  jflif{s k|ltj]bg k|fKt ePsf]  &)&(%$(=!!

$+  :j]tf ;]So'l/l6h k|f= ln= @)&)÷)^÷@$  jflif{s k|ltj]bg k|fKt ePsf]  !$)$#!&&=))

%= y|fOe a|f]s/]h xfp; k|f= ln= @)&)÷)^÷@&   jflif{s k|ltj]bg k|fKt ePsf]  &$$@^%^=$%

^= lqz'n ;]So'l/l6h k|f= ln= @)&)÷)&÷)#  jflif{s k|ltj]bg k|fKt ePsf]  ^!^*!@$=$%

&= l;k|jL ;]So'/l6h k|f= ln= @)&)÷)^÷@$  jflif{s k|ltj]bg k|fKt ePsf]  (^%*&(%=))

*= k|1fg ;]So'l/l6h k|f= ln= @)&)÷)^÷@)  jflif{s k|ltj]bg k|fKt ePsf]  !@#*)&)&=@*(= s'df/L ;]So'l/l6h k|f= ln= @)&)÷)^÷@@  jflif{s k|ltj]bg k|fKt ePsf]  (%^)$^&=&@

!)=dNn P08 dNn :6s a|f]lsË sDkgLk|f= ln=

@)&)÷)^÷@$ jflif{s k|ltj]bg

k|fKt ePsf] %*!@$^@=))

!!=cfz'tf]if a|f]s/]h P08 ;]So'l/l6hk|f= ln=

@)&)÷)^÷!$ jflif{s k|ltj]bg

k|fKt ePsf] %%^#!@(=@$

!@= ;u/dfyf ;]So'l/l6h k|f= ln= @)&)÷)^÷@$  jflif{s k|ltj]bg k|fKt ePsf]  %$&$(^$=)&

!#= k|fOdf] ;]So'l/l6h k|f= ln= @)&)÷)&÷)#  jflif{s k|ltj]bg k|fKt ePsf]  !$^^*)^%=))

!$=dfs] {6 ;]So'l/l6h PS;r]Gh sDkgLln=

@)&)÷)(÷#) jflif{s k|ltj]bg

k|fKt ePsf] $$%!#&&=))

!%= g]kfn OGe]:6d]G6 P08 ;]So'l/l6h6] «l8Ë k|f=ln=

@)&)÷)&÷!)  jflif{s k|ltj]bg k|fKt ePsf]  !@#*(##%=%)

!^=:6s a|f]s/ cf]kn P08 ;]So" l/l6h6] «l8Ë k|f= ln=

@)&)÷!)÷)^ jflif{s k|ltj]bg

k|fKt ePsf] !(^#*(^=%(

!&= g]kfn :6s xfp; k|f= ln= @)&)÷)^÷@#  jflif{s k|ltj]bg k|fKt ePsf]  !@*&(^!#=)&

!*= c?0f ;]So'l/l6h k|f= ln= @)&)÷)(÷!$  jflif{s k|ltj]bg k|fKt ePsf]  #^^%!%)=!@

!(= >Ls[i0f ;]So'l/l6h ln= @)&)÷)&÷)#  jflif{s k|ltj]bg k|fKt ePsf]  !!$%)##&=(&

@)= h]= Pkm= ;]So'l/l6h k|f= ln= @)&)÷)(÷)&   jflif{s k|ltj]bg k|fKt ePsf]  &)$)^$$=))

@!= Plj;L ;]So'l/l6h k|f= ln= @)&)÷)(÷#)  jflif{s k|ltj]bg k|fKt ePsf]  !@@&*!@&=))

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