Ncell has submitted a share purchase document to the Nepal Telecommunication Authority without the required signature, according to Purushottam Khanal, Chairman of the Telecommunications Authority.
During a session with the Parliament’s Technology Committee, Khanal revealed that the document lacked essential elements like a signature, seal, and stamp. The incident, occurring on the 13th of Last Mangsir when 80% of Ncell’s shares were bought and sold without prior approval, raises concerns about the transaction’s completeness and validity.
The Telecommunications Authority is actively working with Ncell to ensure accurate and compliant submission of necessary details. The Parliament’s Technology Committee closely monitors the situation, emphasizing the importance of following proper procedures in telecommunications sector share transactions.