KATHMANDU, March 23: The Securities Board of Nepal (Sebon) has instructed Nepal Stock Exchange (Nepse) to shut stocks transaction from Monday.

Nepse ends 18 points lower

March 23, 2020 09:45 am

KATHMANDU: The local bourse witnessed one of its most bland trading sessions as associations of merchant banks and stock brokers issued a press release on the day stating that all merchant bank and broker offices will remain closed between March 22 and April 2.

KATHMANDU, Jan 16: The Securities Board of Nepal (Sebon) mulls to increase the daily trading hours of stocks at the secondary market.

KATHMANDU, Nov 23: The government has begun the process of selecting the new executive chairman of the Securities Board of Nepal (Sebon).

KATHMANDU, Sept 18: The government has tabled a new bill to amend the Securities Act, 2007 proposing a removal of a provision in the law that ensures representation from the private sector and the regulatory body of chartered accountants as board members of the Securities Board of Nepal (SEBON).

KATHMANDU, July 16: The Securities Board of Nepal (Sebon) has unveiled a 72-point Policy and Program for Fiscal Year 2019/20 for the development of the securities and commodities exchange market.

KATHMANDU, July 1: The Securities Board of Nepal (Sebon) in collaboration with International Network on Financial Education (INFE) under the Organisation for Economic Co-operation and Development (OECD) is organizing a two-day ‘Conference and Roundtable on Financial Consumer Protection and Education in Asia Pacific’.

KATHMANDU, June 9: Minister for Finance, Yuba Raj Khatiwada, has said that the Securities Board of Nepal (Sebon) should not function under the shadow of Nepal Rastra Bank (NRB).

KATHMANDU, March 14: The Securities Board of Nepal (Sebon ) has issued the Specialized Investment Fund Regulation, 2075 (2019), paving the legal way for operation of various funds like private equity fund, venture capital fund and hedge fund, among other specialized types of investment funds, in the securities market.

KATHMANDU, Feb 28: Stock brokers have warned to launch protest against the Securities Board of Nepal (Sebon) over recent remarks of the latter's chairperson about brokerage firms.

KATHMANDU, Feb 5: The Securities Board of Nepal (Sebon) has provided a letter of intent to eight brokerage firms to open branch offices in various parts of the country.

KATHMANDU, Feb 2: The Securities Board of Nepal (Sebon) has allowed stock brokerage firms to provide margin lending to investors.

KATHMANDU, Dec 7: The government has formed a high-level committee under Nepal Rastra Bank (NRB) Deputy Governor Shiva Raj Shrestha to look into the overall trend of monetary and capital market in recent time and recommend to the government suggestions for maintaining financial stability and addressing problems related to investment for industrial sector and capital market.

KATHMANDU, Aug 5: The Securities Board of Nepal (Sebon) approved primary shares worth Rs 20.78 billion, of 21 companies, in the last Fiscal Year 2017/18. The capital market regulator allowed the companies to issue a total 192.88 million units of share.

KATHMANDU, July 27: Securities Board of Nepal (Sebon) has initiated a process to take action against mutual fund managers for parking their cash in bank and financial institutions (BFIs) in amounts higher than the limit.

KATHMANDU, July 9: Securities Board of Nepal (Sebon) has announced that it will launch ‘One Nepali, One Demat Account’ campaign to increase participation of more public in the securities market.

KATHMANDU, June 10: Upper Tamakoshi Hydropower Ltd has received approval from the Securities Board of Nepal (Sebon) to float its primary shares to the affected communities in the project area and the general public.

KATHMANDU, April 15: Securities Board of Nepal (Sebon) has instructed all brokerage firms to provide investors a service to place a buy or sell order of their shares online.

KATHMANDU, Feb 10: The Securities Board of Nepal (Sebon) has issued new directives related to corporate governance for listed companies that require them, among others, to have two different individuals for the posts of chairperson and chief executive officer (CEO).

KATHMANDU, Jan 25: Securities Board of Nepal (Sebon) has instructed CDS and Clearing Ltd to defer the implementation of Centralized Application for ASBA-based Issuance (C-ASBA) by a month.

KATHMANDU, Jan 10: The Securities Board of Nepal (Sebon) has slapped a record fine on two stock brokerage firms for their failure to maintain know-your-customer (KYC) compliance.

KATHMANDU, Jan 1: The Securities Board of Nepal (SEBON) has directed the sides concerned to provide information about their financial status before issuing their initial public offering (IPO) so that the people can make informed decision.

KATHMANDU, Dec 20: Securities Board of Nepal (Sebon) has permitted NIC ASIA Bank Limited to issue 3 million units of NIC Asia Debenture 2081/82 worth Rs 3 billion.

KATHMANDU, Nov 24: Securities Board of Nepal (Sebon) has approved a proposal to auction off 6.16 million units of promoter shares of Bank of Kathmandu (BoK).

KATHMANDU, 24: Securities Board of Nepal (Sebon) has approved a proposal to auction off 6.16 million units of promoter shares of Bank of Kathmandu (BoK).

KATHMANDU, Nov 16: Securities Board of Nepal (SEBON) has urged the sides concerned not to operate more than two DMAT accounts.

KATHMANDU, July 22: A total of 19 companies are awaiting approval of the Securities Board of Nepal (Sebon) to float 135.75 million units of rights issue. According to the Sebon, these 19 companies plan to raise Rs 13.56 billion from the rights issue.

KATHMANDU, June 1: Mega Bank Limited has sought approval from the Securities Board of Nepal to float 65 percent rights issue. It has already appointed Nabil Investment Banking Ltd as issue manager for the rights issue.

Sebon tightens FPO process

May 29, 2017 00:40 am

KATHMANDU, May 29: Listed companies will be allowed to float their next further public offering (FPO) only five years after their earlier FPO, according to a new rule introduced by the Securities Board of Nepal (Sebon).

KATHMANDU, May 16: Securities Board of Nepal (Sebon) has decided to add a new stock exchange company to foster competition in the secondary market.

KATHMANDU, May 13: Securities Board of Nepal (Sebon) has decided to make the applications supported by blocked amount (ASBA) system mandatory for public offering of stocks from mid-July.

KATHMANDU, May 7 : The Securities Board of Nepal (Sebon) is preparing to introduce restrictive measures on public companies floating further public offering (FPO).

KATHMANDU, April 11: Investors will now be able to apply for shares through Applications Supported by Blocked Amount (ASBA) system from all over the country.

KATHMANDU, April 4: Eleven companies have sought approval from the Securities Board of Nepal (Sebon) to float 5.92 million units of primary shares worth Rs 592.04 million to general public.

KATHMANDU, March 11: Securities Board of Nepal (Sebon) has instructed brokerage firms to allow their investors to place sell/buy orders via Internet.

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, Jan 28 : While bankers are ruing shortage of loan-able funds due to slow growth in deposits, Securities Board of Nepal (Sebon) has scrapped a rule that required the money collected in the initial public offering (IPO) or follow-up public offering (FPO) to be parked at the Nepal Rastra Bank (NRB) for a certain period of time.

KATHMANDU, Jan 17: NMB Bank has received approval for providing Application Supported by Blocked Amount (ASBA) service to customers from Securities and Exchange Board of Nepal (Sebon).

KATHMANDU, Dec 28: The process to develop fully automated online trading system has faced a roadblock due to differences between Nepal Stock Exchange (Nepse) and Securities Board of Nepal (Sebon).

KATHMANDU, Dec 7: Securities Board of Nepal (Sebon) has introduced a new set of conditions and standards for the listed companies, except bank and financial institutions (BFIs) and insurance companies, for rights and follow-on public offerings (FPOs)

KATHMANDU, Nov 24: The Securities Board of Nepal (Sebon) put the process to approve the Draft of Trade Guarantee Fund Bylaws and Auction Trading Working Procedure submitted by Nepal Stock Exchange (Nepse) three months ago, citing procedural flaws.

Sebon introducing ASBA from mid-January

November 9, 2016 00:50 am

KATHMANDU, Nov 9: Securities Board of Nepal (Sebon) is implementing Applications Supported by Blocked Amount (ASBA) system on a voluntary basis from mid-January next year i.e. Magh 1.

KATHMANDU, Oct 29: The Securities Board of Nepal (Sebon) has taken action against four merchant bankers and six brokerage firms for not submitting their annual financial reports of last fiscal year 2015/16.

KATHMANDU, Oct 21: The Securities Board of Nepal (Sebon) has decided to stop accepting new application of merchant banker.

KATHMANDU, Oct 19: The Securities Board of Nepal (Sebon) has formed a committee to study possible effects of opening the secondary share market to direct investment from non-resident Nepalis (NRNs) and to draft a working procedure for such investment.

KATHMANDU, Oct 18: Securities Board of Nepal (Sebon) -- the capital market regulator -- has asked Reliable Development Bank to launch rights issue before it is acquired by the Global IME Bank.

KATHMANDU, Aug 22: Securities Board of Nepal (Sebon) has issued a nine-point instruction to all depository participants (DPs) and share registrars to expedite and simplify services related to dematerialization of shares.

KATHMANDU, Aug 3: Securities Board of Nepal (Sebon) has become an associate member of International Organization of Securities Commissions (IOSCO).

KATHMANDU, July 23: Following reduction of brokerage commission by 40 percent, Securities Board of Nepal (Sebon) has also brought down service charge on transaction of Over-the-counter (OTC) market by almost 90 percent.

KATHMANDU, July 22: Securities Board of Nepal (Sebon) has approved a proposal of Century Commercial Bank Ltd (CCBL) for 30 percent rights issue.