Ramesh Hamal has been appointed the chairperson of the Securities Board of Nepal (SEBON), the regulating agency of the country's share market.
The post Ramesh Hamal is the new SEBON chairperson appeared first on OnlineKhabar English News.
Kathmandu, November 25 — After nearly five months, the Securities Board of Nepal (SEBON) has granted permission for the issuance of an IPO (Initial Public Offering).
On Sunday, the board approved Guardian Life Insurance to issue 22.5 million shares.
Previously, former chairperson Ramesh Hamal had authorized several companies to issue IPOs until January 4.
However, after Hamal's retirement, the IPO issuance process had stalled. In June, Reliance Spinning Mills was permitted to issue IPOs at a premium price.
Nevertheless, the issuance was halted following directives from the Public Accounts Committee. This time, approval has been...
Kathmandu, November 25 — After nearly five months, the Securities Board of Nepal (SEBON) has granted permission for the issuance of an IPO (Initial Public Offering).
On Sunday, the board approved Guardian Life Insurance to issue 22.5 million shares.
Previously, former chairperson Ramesh Hamal had authorized several companies to issue IPOs until January 4.
However, after Hamal's retirement, the IPO issuance process had stalled. In June, Reliance Spinning Mills was permitted to issue IPOs at a premium price.
Nevertheless, the issuance was halted following directives from the Public Accounts Committee. This time, approval has been...
The Security Board of Nepal (SEBON) has said that it was unfortunate that investors had taken to the street. “This is an untoward situation, nobody wanted it,” Chairman of the SEBON, Ramesh Hamal, said at a press conference organised by the capital market regulator on Tuesday evening as a group of investors chanted slogans against it at its entrance in Khumaltar.
The Securities Board of Nepal (SEBON) is initiating programmes to protect the small investors and attract 'real sector' companies to the share market.
"Protection of small investors is my priority. For it, surveillance and enforcement of law and policies are needed, at the same time, compliance should also be monitored, SEBON chairperson Ramesh Hamal said in an interaction with the journalists on Monday.
The Ministry of Finance has directed the newly appointed chairman of the Securities Board of Nepal (SEBON) and chief executive officer of Nepal Stock Exchange Limited (NEPSE) to create environment where the manufacturing and infrastructure sector companies could raise money for their investment.
Issuing an 11-point directives to Chairman of SEBON, Ramesh Hamal and CEO of NEPSE, Krishna Bahadur Karki, Minister for Finance Janardan Sharma asked them not to work under the pressure or influence of any.
