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

High lending rates pose threat to productive sector

Kathmandu, May 1 - One-and-a-half years ago, Bhim Lal Poudel, the owner of Royal Shoe, rapidly expanded business operation, raising the factory’s staff strength by around 50 per cent to 225. A critical factor that encouraged Poudel to increase production of shoes was low interest rate on loans.

Read more ...

Letter of Credit to be made mandatory for trade with India, China

KATHMANDU, April 18: Nepali traders will have to start using banking channel for making or receiving payments from traders in China and India very soon.

Read more ...

Trade experts debate fourth industrial revolution

Kathmandu, April 3, As the world has been witnessing the fourth industrial revolution, which is largely related with artificial intelligence and the internet of things, this progress could bring transformative changes in the economic development of the least developed countries (LDCs) if they are able to access advanced technologies.

Read more ...

Banks have three days to submit plan to reach all unbanked units

KATHMANDU, March 22: Nepal Rastra Bank (NRB) has told commercial banks to come up within three days commitment to open branch offices in 116 local units where they have become reluctant to expand their presence so far.

Read more ...
Symbol % Change Last Price Turnover
MMFDB 9.9682 2,769.0 2,128,159.0
JSLBB 6.9519 3,000.0 2,619,133.0
HDL 6.5071 1,424.0 1,539,790.0
WOMI 6.2250 1,860.0 15,646,153.0
NBBL 5.5074 2,433.0 1,412,436.0
Symbol % Change Last Price Turnover
NIBPO -100.0000 0.0 1,120.0
WMBF -4.3103 111.0 171,350.0
MLBBL -3.9106 1,032.0 1,264,405.0
SIFC -3.8136 227.0 520,238.0
SFFIL -3.4247 282.0 21,053.0
Symbol % Change Last Price Turnover
WOMI 6.2250 1,860.0 15,646,153.0
NTC 1.0499 770.0 8,293,095.0
GBIME -0.3195 312.0 7,832,051.0
NIB 0.6144 655.0 7,779,303.0
SCB -0.6083 817.0 7,498,280.0