Securities Board invites applications for stock exchange license

Published On: April 13, 2023 01:00 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, April 13: The Securities Board of Nepal (SEBON) has requested re-application for the license of Stock Exchange and Commodity Exchange, which was suspended by the Supreme Court's short-term interim order.

The SEBON published a notice on Thursday, April 13, and according to the notice published on September 18, 2022, the application was due for 45 days, and since the Supreme Court's short-term interim order came 10 days ago, the application was stopped, and now it has called to submit the application to the board within 10 days.

As the writ filed in SC on April 12, has been rejected, it has been called upon to submit an application to establish a company that will operate the commodity market and securities market within the next 10 days similar to the notice published on September 18.

"The short-term interim order issued by the Supreme Court on August 20, 2022 decided to keep the license process as it is until another notice is published on August 31," the SEBON said in publishing the notice. "According to the Supreme Court's decision to quash the writ dated April 12, the license process is now pending. 

As per the decision to increase the number of stock exchanges, the application should be submitted within 10 days from the date of publication of the remaining deadline of the notification of September 18.


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