KATHMANDU, Nov 17: CDS and Clearing Ltd has given a 35-day to stock investors to close their multiple demat accounts.

Issuing a statement on Thursday, CDSCL -- the company that provides centralized depository, clearing and settlement services, has asked the investors to close their multiple demat accounts within 35 days.

The CDSCL's new decision is in line with the recent circular of the Securities Board of Nepal (Sebon) to end the practice of owning and operating multiple demat accounts by an investor.

Investors can operate only two beneficial ownership account and they have to transfer their all securities into these two accounts within 35 days if they have multiple demat accounts, according to the CDSCL. CDSCL has also warned that it would be compelled to block the accounts of beneficial owners who fail to close their multiple accounts within 35 days starting Thursday (Nov 16).

Source: The Republica

Corporate News

Parliament body asks govt to solve problem of multiple taxation

KATHMANDU, Aug 15: Parliament’s Finance Committee on Tuesday issued directions to the government to take the lead in solving the chronic problem of multiple taxation by the three tiers of government, as well as the exorbitant hike in tax rates.

Read more ...

Trade deficit surged five-fold in last decade

Kathmandu, August 5 - The country’s trade deficit jumped five folds in the last decade as imports have been skyrocketing and exports have slowed to a crawl in the review period.

Read more ...

Commercial banks yet to reach 122 local units

KATHMANDU, July 29: According to the latest data of the Nepal Rastra Bank (NRB), commercial banks have opened their branch offices in 631 local units so far, leaving 122 local units without their coverage.

Read more ...

Currency war can end global US dollar dominance & those who own gold have power

MOSCOW, June 24: The world is facing a currency war and the only hedge against the crash of the US dollar is real gold, a precious metal analyst has told RT. With geopolitical power shifting from West to East, US dominance may be ending.

Read more ...
Symbol % Change Last Price Turnover
NIBLPF 12.5000 9.0 11,773.0
UFL 7.9470 163.0 110,317.0
SINDU 5.1724 122.0 72,000.0
SFFIL 3.9370 264.0 13,150.0
NSEWA 3.8674 564.0 11,170.0
Symbol % Change Last Price Turnover
KPCL 121.0 160,570.0
PMHPL -5.5556 136.0 1,774,960.0
SHL -2.8571 238.0 2,996,040.0
HDL -2.0000 1,470.0 295,000.0
DHPL -1.9608 100.0 2,000.0
Symbol % Change Last Price Turnover
MEGA 0.5025 200.0 16,444,458.0
NICA 0.9368 431.0 15,126,056.0
NMB 2.2989 356.0 13,836,938.0
JBNL 2.7322 188.0 12,000,455.0
NLIC -0.8529 930.0 11,667,641.0