Company Information

Himalayan Bullion Company Limited — Version 2.0, effective from 9 September 2026. Published under section 4 of the Electronic Commerce Act 2081 and shown on every HBC document and page.

1. Legal identity#

2. Addresses#

3. Contacts#

4. Platforms#

5. Regulatory position#

5.1HBC is a refiner and retailer of physical precious metals. It sells its own products to customers and buys its own products back, as a principal. It holds the registrations above.

5.2HBC does not hold, and does not require, a licence as a bank, payment service provider, payment system operator, commodity exchange, commodity broker, securities dealer or collective investment scheme, because it carries on none of those activities.

5.3Why HBC is a dealer and not an exchange. The Commodities Exchange Market Act 2074 regulates organised markets in which standardised contracts for commodities are traded between members, cleared and settled through a clearing house, with warehouse receipts standing in for goods. HBC does none of this:

• HBC is the seller in every sale and the buyer in every buy-back. No customer ever trades with another customer, and HBC does not match, broker or clear anyone's transactions.
• Every payment to HBC buys a stated weight of physical silver at a disclosed price, with ownership passing on payment. There is no contract for future delivery at a future price, no margin, no leverage, no short position and no expiry.
• HBC never pays a price difference. HBC pays money only when it buys a finished, identified physical product from its owner, at its published buying rate, after the product has been made, recorded and, where the policies require, physically collected.
• Silver bought in parts is held as physical metal in segregated customer stock, owned by the customer by weight and audited annually by physical count. HBC issues no unit, receipt, certificate or token that can be traded or that represents a share of a pool.
• HBC's buying and selling rates are a dealer's prices, set by HBC and following the daily rate published by Nepal's gold and silver dealers' associations, as every jeweller in Nepal does.

5.4Why HBC is not a bank or payment operator. HBC does not accept money on deposit or on account, pays no interest, and holds no customer funds. Every rupee paid to HBC buys silver or pays a charge the same day, or is returned. HBC Credits are credit notes arising from a sale of goods, redeemable against HBC products or refundable; they cannot be bought, topped up or transferred.

5.5HBC is audited annually by independent chartered accountants, including a physical count of silver reconciled to its ledgers. Customer silver and products in custody are included in that count.

6. Payment partner#

7. Updates#

7.1HBC updates this page within 48 hours of any change, as the Electronic Commerce Act requires.