The taskforce, which has been given two-month period to complete the work, has also been asked to lay recommendations on capital and management restructuring.[break]
The taskforce was created upon instruction of the Ministry of Finance. The formation of this team has formally laid the groundwork for privatization of the stock exchange - an issue which was frequently disused in the past but had never taken off.
Nepse, which has a paid-up capital of Rs 200 million, is currently 58.66 percent owned by the government. Nepal Rastra Bank holds another 34.6 percent stake in the stock market operator, while NIDC Development Bank and members brokers own 6.12 percent and 0.62 percent shares, respectively, in the company.
The company, which was operating as a non-profit making company during its establishment years, had converted into profit-oriented establishment in 2007/08.
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