Stock related news & regulations of Security Exchange Board of Nepal

Kathmandu, November 27 - Securities Board of Nepal(SEBON) — the capital market regulator of the country — has fixed the minimum paid-up capital for commodity market operator, its broker and other concerned entities that are directly related to commodity market.

As per the provision of Commodity Market Act 2017 and Commodity Market Regulations, the market regulator has fixed Rs 150 million as the paid-up capital for warehouse operators. Meanwhile, the paid-up capital requirement of Rs 500 million for commodity market operator was fixed by the act.

Similarly, clearing and settlement company should have the paid-up capital of Rs 70 million, fund manager should have the paid-up capital of Rs 50 million, investment consultant should have Rs 10 million as paid-up capital and the commodity broker institute should show paid-up capital of Rs five million to get operating licence from SEBON.

SEBON informed today that no shareholder of commodity market operator will be allowed to transfer the share for at least three years of operation of the commodity market. If any director wants to transfer the share ownership, he or she must receive approval from the SEBON.

The market regulator has also directed the market operators to keep the detailed information of their clients by making them fill up the ‘know your customer’ form. As per SEBON, the market operator should submit quarterly, half-yearly and yearly reports to the regulator.

According to Niraj Giri, spokesperson for SEBON, the commodity market operator should establish the investor protection fund and settlement guarantee fund. “Anyone wanting to operate commodity market can apply for the licence and the SEBON would grant them the permit to operate the commodity market if they meet all the set criteria,” he informed.

As per the provision of regulation, if any firm gets operating licence from the SEBON, it has to set up the minimum infrastructure to operate the commodity market within 180 days.

Ministry of Finance had approved Commodity Market Regulations on Friday, following which SEBON has started to implement newly endorsed act and regulations.

Source: The Himalayan Times

Corporate News

India makes exemption for Nepal, allows some refined palmolein imports

February 12, 2020- India, which restricted imports of refined palm oil and palmolein in January, has exempted Nepal and has started issuing licences to import some refined palmolein from the Himalayan nation, two government officials told Reuters.

Read more ...

HIDCL, Power China to build 762MW Tamor reservoir project

Kathmandu, September 16- The Hydroelectricity Investment and Development Company Ltd (HIDCL) and state-owned Power China Corporation have jointly submitted a project development proposal at the Investment Board Nepal (IBN) to build the 762-megawatt Tamor reservoir project, which will cover Panchthar, Taplejung, Terhathum and Sankhuwasabha districts.

Read more ...

Security audit of BFIs compulsory

Kathmandu, September 10- Nepal Rastra Bank (NRB) has made it mandatory for banks and financial institutions (BFIs) to conduct an audit of their information and technology (IT) system.

Read more ...

Age limit set for CEOs, directors at BFIs

KATHMANDU: Nepal Rastra Bank has set an age bar for board of directors and chief executive officers of banks and financial institutions (BFIS).

Read more ...
Symbol % Change Last Price Turnover
GIMES1 12.5000 9.0 862.0
AIL 9.9432 387.0 405,650.0
ACLBSL 9.9388 719.0 3,249,940.0
NFS 9.8765 178.0 4,670,194.0
API 6.5421 114.0 1,677,928.0
Symbol % Change Last Price Turnover
SEF -10.0000 9.0 948,003.0
AKJCL -9.8361 55.0 39,565.0
GHL -9.5238 57.0 64,672.0
RRHP -7.7670 95.0 39,090.0
DHPL -7.4074 50.0 64,923.0
Symbol % Change Last Price Turnover
NRIC -2.2071 576.0 136,119,907.0
NLIC -1.5813 1,307.0 99,830,343.0
NMB -2.1480 410.0 71,906,812.0
NICA -1.0791 550.0 48,883,302.0
HDL -1.5060 1,635.0 41,662,425.0