Securities Board urges shareholders to abandon agitation programs

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Ramesh Kumar Hamal / File photo

July 7, Kathmandu. The Nepal Securities Board (NSB) has urged the agitating shareholders to abandon all the programs of the movement. Speaking at a press conference on Tuesday, Chairman of the Board Ramesh Kumar Hamal claimed that most of the demands raised by the shareholders have been addressed and some are still being addressed.

He also said that the board was interested in addressing the demands as per the policy of implementing the demands rather than forming a dialogue committee with the agitating investors.

“We are working to address the demands of investors by setting a timetable,” said Hamal.

Chairman Hamal informed that the work of reserving IPO for non-resident Nopali, SME platform required for broker TMS small investors and branch expansion of brokers has been implemented three months ago.

Stating that work is being done on the initiative of the board to remove the confusion of merger and acquisition, he informed that the regulations of NRB will be changed by the end of July. Hamal said that work is also being done to review the capital gains tax of long-term investors.

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