Tag: Court

  • SEBON Extends the Deadline for Companies Interested in Stock Exchange Operations

    SEBON Extends the Deadline for Companies Interested in Stock Exchange Operations


    The Securities Board of Nepal (SEBON) has issued a notice to eligible institutions requiring them to apply for a Commodities Exchange Market Operation license and a Stock Exchange Operation license within 10 days.

    To provide investors with market access, enable commodity price innovation, and provide investors with alternative investment instruments to preserve price stability, a commodities exchange market that is investor-friendly, competitive, worldwide in scope, and competent is required.

    In order to run the commodities exchange market under the rules, guidelines, and other applicable regulations, those who seek to form a limited liability company in compliance with the prevailing legislation must first get board permission.

     

  • Investors Association Demands SEBON Address Ten Major Issues

    Investors Association Demands SEBON Address Ten Major Issues


     

    The Investors’ Association has focused significant attention on the financial and psychological effects of the stock market on regular investors, which have been steadily declining for a long time.

    Despite the fact that over 55 lakh investors lost a total of nearly Rs. 15 Kharba following the all-time high market capitalization on August 18, 2021, the relevant authorities have remained silent on the subject.

  • The suspension of a broker license has resulted in the freezing of approximately Rs. 12 Arba in capital.

    The suspension of a broker license has resulted in the freezing of approximately Rs. 12 Arba in capital.


     

    One company applied for a stock dealer license in the previous seven months, while 45 companies applied for stock broker licenses. Nonetheless, all procedures had been halted as a result of the Supreme Court’s directive. Seven months later, the broker license has been suspended, resulting in the freezing of approximately Rs. 12 Arba in capital.

    SEBON’s revised Securities Market Operation Regulations 2064 and Securities Dealers Regulations 2064 begin the process of awarding new licenses. On Ashwin 2, 2079, the Securities Board issued a notice with a 30-day deadline to carry it out. As a result, 45 companies applied for stock broker licenses, while only one company applied for stock dealer license. Throughout the seven months

     

  • The Supreme Court has ruled that online media do not need to renew their registration every year.

    The Supreme Court has ruled that online media do not need to renew their registration every year.


    The Supreme Court has ruled that online media do not need to renew their registration every year. 5

    The Supreme Court has ordered that the requirement of annual renewal of online media be abolished.

    On Tuesday, a division bench of justices Deepak Kumar Karki and Sushmalata Mathema issued an order to overturn the provision that online media must be renewed annually.

    The provisions stipulated in clause 6 of the Online Media Operation Directive have been scrapped by an apex court order, as they were found to be against the spirit of the constitution regarding freedom of speech and the press.

    The Supreme Court, after hearing a writ petition filed by Leelanath Ghimire and Bishnu Kumar Giri, revoked the clause of the online media directive that specified that online media services could be shut down if they were not renewed on a yearly basis.