SEBON (Securities Board of Nepal) Issues Directive to Listed Organizations for Full Compliance with Securities Law. The directive, consisting of four key points, aims to streamline information flow and stresses timely submission of data and details. SEBON observed non-compliance in the past and seeks improved adherence from organized organizations.
Highlights:
- SEBON Achieves Record IPO Issuance of 22 Billion in FY 2079/80; Listed Companies Reach 81.61 Arba Market Cap.
- The suspension of a broker license has resulted in the freezing of approximately Rs. 12 Arba in capital.
- Securities Board’s 4 Decisions on Ghorahi Cement’s IPO Lead to Nepal Police Investigation.
- SEBON Chairman Hamal accuses 50 brokers of consuming up to 70% profit.
- SEBON Approves Himalayan Capital’s “Himalaya 80-20” Mutual Fund Scheme with 10 Crore Units