Nepal

EMPLOYMENT HISTORY:

JULY 2008 TO TILL DATE 

ELITE CAPITAL LIMITED 

Chief Executive Officer

http://www.elitecapital.com.np/

APRIL 2003 TO JULY 2008 

NEPAL RASTRA BANK 

Assistant Director 

DESCRIPTION OF DUTIES : Responsible for day to day management of the  Foreign Exchange Reserve of the country including the followings. 

• Placement of foreign exchange reserve in time deposits with foreign commercial banks, central banks and bank for international settlement. 

• Placement of gold in time deposits with foreign commercial banks, central banks. 

• Purchase and sale of foreign government treasury bills 

• Purchase and sale of foreign government bonds. 

• Intervention operation in the foreign exchange market of Nepal. 

• Purchase and sale of foreign exchange in the international foreign exchange market. 

• Preparation of various risk reports like average duration of the portfolio, currency compositions of the reserve, credit risk exposure in respect of bank-wise exposure & their Rating. 

• Preparation of mar to market report and the report on return of portfolio. 

• Projection of foreign exchange reserve. 

• Preparation of investment proposal to be submitted to the investment committee headed by the deputy governor. 

Member of the Task Force formed for the reconciliation of the following:

• Silver Chest maintained by Nepal Rastra Bank with Various commercial banks. 

• Agency Bank Balance of the Nepal Rastra Bank, Banking Office 

Member of the Task Force formed to suggest the disinvestments methodology for the investment made by the Nepal Rastra Bank in the shares and debentures of the various organizations in the past 

Member of the Task Force formed for the preparation of financial Statements of the Nepal Rastra Bank as per International Accounting Standard (IAS)/International Financial Reporting Standard (IFRS) 

Observer of the Task Force formed to study Nepal's WTO service sector commitments and its impact on balance of payments situation. 

JANUARY 2002 TO APRIL 2003 

RajMS & Co., Chartered Accountants, Dilli Bazar, Kathmandu, Nepal 

Manager / Chartered Accountant 

DESCRIPTION OF DUTIES : Responsible for internal/statutory audit of: 

• Gorkha Finance Limited 

• Union Finance Limited 

• Siddhartha Finance Limited 

• Save the Children, Norway, Country Office 

Team manager for Accounts updating and system improvement work of Rastriya Beema Sansthan (one of the biggest state owned life as well as non life insurance company) 

Work for the development of Stock Broker Information System (Software for Stock broker) 

JULY 1997 TO NOVEMBER 2001 

G. M. Kapadia & Co., Chartered Accountants, Mumbai, India 

Article Clerk, Audit Clerk and Chartered Accountant 

DESCRIPTION OF DUTIES : Responsible for carrying out the audit and other related engagements in accounting, inventory management, taxation etc. as member of engagement team in respect of the following areas of audit: 

Due diligence review in respect of: 

• Acquisition of entire business undertaking 

• Acquisition of shareholding 

• Financial & Technical Strength of the Company 

• Valuation of Net Current Assets. 

• Statutory and legal compliance. 

• Preparation of Due Diligence Review Report. 

• Review of Borrower’s account enjoying credit facility from nationalized banks 

Major company for the above assignments are: 

• Standard Batteries Limited for acquisition of entire business undertaking by Exide Industries Limited 

• Sri Bhawani Cabletel Limited, Mumbai for acquisition of 51% stake by Hathway Cable & Datacom Private Limited 

• Shreejee Yatayat India Limited for reverse merger with Shonkh Technology Limited 

• EID Parry Limited – Ceramic Tiles Division, for taking over the said division by H & R Johnson 

• Krishna Cable Private Limited, Bagnlore for acquisition of 51% stake by Hathway Cable & Datacom Private Limited 

• Ivory Construction Limited – Shoppers Stop Departmental Stores Division to hive off its departmental stores in a separate company. 

Statutory / Internal audit of: 

• Investment Companies. 

• Publication Companies 

• Cable Operator Companies. 

• Export Houses. 

• Share / Stock Broking Firm 

Major company for the above assignments are: 

• Hathway Investment Limited 

• Outlook Weekly News Magazine 

• Intelligent Investor 

• Hathway Cable & Datacom Private Limited 

• Various Export Oriented Business Houses 

• Various Members of Mumbai Stock Exchanges 

Other works 

• Opinion on Company Law Matters. 

• Opinion on Securities & Exchange Board of India Matters 

• Net worth Calculation of Stock Brokers. 

• Drafting and finalizing accounting polices and Notes to Accounts, Consolidation of Accounts. 

APRIL 1995 TO JULY 1997 

S. Ramdas (Share, Stock & Finance Broker) (Member of the Stock Exchange, Mumbai) 

Trainee 

DESCRIPTION OF DUTIES : Responsible for carrying out various back office related works of stock brokers such as: 

• Handling of bad delivery shares, follow up with clients, companies and brokers for rectification of the bad delivery. 

• Handling of own as well as client's portfolio, correspondence and follow up with the companies for transfer of shares, bonus shares, dividend, rights shares etc. 

• Verification of shares received from the market as well as to be delivered in the market on behalf of clients as well as own account. 

APRIL 1995 TO JULY 1997 

Brijwasi Udyog Limited (Manufacturer of Fire Fighting Vehicles), 313, Arun Chambers, Tardeo, Mumbai 

Trainee 

OTHER EXPERIENCE:

• Member of the Parliamentary Committee formed for the Settlement of Irregularities 

• Board Member of the Kist Bank Limited 

• Past General Secretary of the Association of the Chartered Accountant of Nepal 

• Founder General Secretary of the Merchant Banker Association of Nepal 

EDUCATION:

• • Chartered Accountancy; from the Institute of Chartered   Accountant of India in 2001

  • B. Com. (62.50%); from the University of Mumbai, India in 1997

  • Higher Secondary Certificate-10+2(67.00%); from the Maharastra Board of Secondary and Higher Secondary Education, Mumbai, India in 1994

  • S. L. C. (57.00%); from, Nepal Board, Nepal in 1991