Stock Brokers Allowed To Open New Branch With Paid-Up Capital Of Rs. 1.50 Crores

February 19, 2023 | Investopaper

Stock brokers will now be allowed to open broker branches at various locations. Securities Board of Nepal (Sebon) has issued the guidelines allowing the way for the brokers to open branches.

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This guideline has been implemented since Falgun 4, 2079 BS. The board stated that the brokers are allowed to open new branches since it is necessary to develop and expand the access to the secondary market.

When a broker opens a branch office, each branch will have to maintain paid-up capital of Rs. 1.50 crores. No permission will be given to open another branch office in the district where the main office of the broker is located.

A broker will be allowed to open a branch within Kathmandu Valley only after opening at least three branches outside Kathmandu Valley.

Similarly, the net worth of the broker who wants to open a branch office should be more than the paid-up capital.

Suggested Readings:

List of Licensed Stock Brokers In Nepal With TMS URL

Basic Requirements To Start Trading In The Stock Market Of Nepal

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