KATHMANDU, May 4: The Securities Board of Nepal (Sebon) is making the applications supported by blocked amount (ASBA) system mandatory for public offering of stocks by the beginning of Fiscal Year 2017/18.
KATHMANDU, Feb 20: Standard Chartered Bank Ltd Nepal (SCBNL) has received approval for providing Application Supported by Blocked Amount (ASBA) service from the Securities and Exchange Board of Nepal (Sebon).
KATHMANDU, Dec 28: Citizens Bank International Ltd has received license from Securities Board of Nepal (Sebon) to start Applications Supported by Blocked Amount (ASBA) system under which investor’s money equivalent to the subscription of initial public offering (IPO) or follow-on public offer (FPO) gets blocked until the allotment of the shares.
KATHMANDU, July 25: In just nine months of his appointment as the chairman of Securities Board of Nepal (Sebon), Rewat Bahadur Karki has initiated number of reform measures in the securities market. Full-fledged implementation of dematerialized trading system, allowing investors to get access to market depth, and halving the brokerage commission are some of the notable initiatives taken by Sebon under Karki's leadership. Sagar Ghimire of Republica, talked with Karki on overall securities market, problems and his future plans. Excerpt: