The Nepal Securities Board (SEBON) has officially welcomed Mr. Pitambar Bhandari as a new Board Member. The oath-taking and welcome ceremony was held in Kathmandu on Friday.
The ceremony was led by SEBON Chairman Mr. Santosh Narayan Shrestha. Other Nepal Securities Board members were also present. They congratulated Mr. Bhandari and wished him success in his new role.
Mr. Bhandari was appointed under Section 3(2)(f) of the Securities Act, 2063. According to this law, the Government of Nepal appoints qualified and experienced experts to the Nepal Securities Board. His appointment fully follows the legal framework of Nepal's capital market.
The Nepal Securities Board is the main regulator of the Nepal capital market, including the NEPSE (Nepal Stock Exchange). SEBON plays a key role in stock market regulation, investor protection, IPO approval, right share approval, bonus share policies, and market transparency.
With the addition of Mr. Pitambar Bhandari, SEBON is expected to become stronger in policy-making, market supervision, and capital market reform. This move is seen as positive for NEPSE investors, share traders, brokers, merchant bankers, and listed companies in Nepal.
Experts believe that strong leadership at SEBON Nepal helps improve investor confidence, control market manipulation, and support the long-term growth of the Nepal stock market. This appointment is expected to support sustainable development of NEPSE, better regulatory decisions, and a more transparent share market in Nepal.
Overall, the appointment of Mr. Bhandari is a positive signal for the Nepal stock market, especially for those closely watching SEBON decisions, NEPSE updates, and capital market news in Nepal.
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