Tag: Suspended

  • Sipla Securities Limited Faces 3-Day Trading Suspension on NEPSE for Settlement Non-Compliance

    Sipla Securities Limited Faces 3-Day Trading Suspension on NEPSE for Settlement Non-Compliance


    Sipla Securities Limited, identified as Broker Number 20, is facing a suspension from trading activities on the Nepal Stock Exchange Limited (NEPSE). NEPSE made an official announcement on Monday, declaring the suspension of Sipla Securities for a duration of three working days. The reason cited for this action is the broker’s failure to comply with settlement procedures within the stipulated timeframe.

    The decision to suspend Sipla Securities was prompted by a letter received from CDS and Clearing Limited, bringing attention to the non-compliance issue. NEPSE, in response to this communication, took the regulatory step of temporarily halting trading activities for the specified broker.

    This suspension underscores the importance of adherence to settlement procedures in the stock exchange, and the regulatory authorities are enforcing such measures to maintain the integrity and efficiency of the trading system. The three-day suspension is intended to address the non-compliance issue and ensure that necessary corrective actions are taken by Sipla Securities Limited.

  • 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

     

  • Trading of Vijaya Laghubitta (VLBS) Suspended as the Company Declares Dividend By Violating NEPSE Guidelines

    Trading of Vijaya Laghubitta (VLBS) Suspended as the Company Declares Dividend By Violating NEPSE Guidelines


    The Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) transaction has been halted, according to the official notice of the Nepal Stock Exchange (NEPSE), since the business declared dividends to be given to shareholders without first receiving authorisation from NEPSE.

    At 6:35 PM on Magh 25, after business hours, Nepal Stock Exchange received the letter from VLBS regarding the dividend declaration for the Fiscal Year 2078/79. However, on Magh 10 itself, Vijaya Laghubitta held a meeting to suggest dividends to the shareholders.