September 18, 2022 | Investopaper
Securities Board Of Nepal (SEBON) has requested applications for the operation of a new stock exchange and broker companies.
Publishing a notice, the board has stated that one more stock market will be allowed to operate with private sector investment. In order to do so, the interested parties has to apply to the board within 45 days from the date of publication of notice.
With the new stock exchange to come into operation, there will be 2 stock exchange markets in Nepal. Currently, the government-owned Nepal Stock Exchange is in operation.
The paid-up capital of the new stock exchange to be operated should be 3 billion. The stock exchange should have the provision to issue shares to the general public.
Similarly, the board has also requested an application for operating a stock broker company. For the operation of the broker company, the application must be submitted within 30 days.
At present, there are 50 broker companies operating in Nepal.