Stock related news & regulations of Nepal Stock Exchange

July 23- KATHMANDU: Nepal Stock Exchange (Nepse) has directed all listed companies, stockbrokers and share registrars to complete the process

of transferring ownership of stocks within 15 days of receiving ownership transfer application.

The directive was issued after the Commission for Investigation of Abuse of Authority instructed Nepse to ensure ownerships of shares are transferred within 15 days and monitor the process on a regular basis.

The Companies Act 2006 says that ownership of shares has to be transferred to the buyer within 15 days of filing application for transfer of share ownership.

"Nepse requests all listed companies, stockbrokers and share registrars to adhere to the Companies Act and complete ownership transfer process within 15 days. Else, necessary action will have to be taken," says a statement issued today by Nepse.

Source: THT

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.

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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.

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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.

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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).

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Symbol % Change Last Price Turnover
GIMES1 12.5000 9.0 147,224.0
NMBHF1 11.1111 10.0 113,695.0
KMCDB 9.8712 768.0 815,700.0
GHL 9.5238 69.0 57,700.0
SHINE 7.1685 299.0 66,171,573.0
Symbol % Change Last Price Turnover
NICGF -10.0000 9.0 126,683.0
SAEF -10.0000 9.0 230,222.0
LLBS -5.6837 1,145.0 7,836,087.0
PPCL -4.5113 127.0 738,610.0
CFCL -3.8462 150.0 1,245,778.0
Symbol % Change Last Price Turnover
NICA 1.6698 548.0 106,515,662.0
NMB 2.7569 410.0 95,916,073.0
HDL 2.0714 1,429.0 91,493,762.0
SHIVM 2.1311 623.0 75,669,491.0
NLIC -0.6650 1,195.0 69,586,628.0