{"id":294358,"date":"2026-04-08T21:08:10","date_gmt":"2026-04-08T15:23:10","guid":{"rendered":"https:\/\/insurancekhabar.com\/?p=294358"},"modified":"2026-04-08T21:10:09","modified_gmt":"2026-04-08T15:25:09","slug":"the-liability-of-bhrikuti-stock-broking-is-rs-over-5-billion-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/the-liability-of-bhrikuti-stock-broking-is-rs-over-5-billion-2\/","title":{"rendered":"The liability of Bhrikuti Stock Broking is Rs. Over 5 billion"},"content":{"rendered":"<p>Kathmandu. Bhrikuti Stock Broking Company Pvt. Ltd. has suspended its license for indulging in irregularities in the purchase and sale of shares of Nepal Reinsurance Company (NRI). (Broker No. 63) has liabilities of more than Rs 5 billion. <b data-path-to-node=\"3\" data-index-in-node=\"0\"><\/b><\/p>\n<p>According to the Securities Board of Nepal (SEBON), the company owes Rs 5.11 billion to its shareholders. <\/p>\n<p>The board has suspended the securities broker license until further notice. The board has banned the business of the company for violating the prevailing acts and regulations. <\/p>\n<div id=\"model-response-message-contentr_74520d6b9fbae9d0\" class=\"markdown markdown-main-panel enable-updated-hr-color\" dir=\"ltr\" aria-live=\"polite\">\n<p>According to a statement issued by the Board, Bhrikuti Stock Broking has been found to have made serious errors.TAG_OPEN_p_19 The accused has been accused of using the money for the purchase and sale of shares of one client or collateral to settle the transaction of another client and violated Rule 31 of the Securities Dealers Rules, 2064 and various provisions of the Securities Transaction Settlement and Settlement Bylaw, 2069. Apart from this, it is alleged that the purchase facility was provided without taking at least 25 percent advance from the buyer as per the rules. <\/p>\n<\/p>\n<p>The board has said that facilitating the purchase of shares on credit and depositing the shares in the beneficiary account without repaying the amount will have an adverse impact on the capital market and risk the investors.TAG_OPEN_p_18 <\/p>\n<\/p>\n<p><p data-path-to-node=\"9\">} The Securities Board of Nepal (SEBON) has set the conditions for the immediate settlement of the amount owed to the investors by following the legal provisions of the company and if the investors want to transact through other brokers, necessary arrangements including technical arrangements. <\/p>\n<\/p>\n<p>The Board has taken this decision in exercise of the powers of the Securities Act, 2063 and Regulations, 2064.TAG_OPEN_p_16 With this move, Bhrikuti Stock Broking will no longer be able to conduct new transactions until further notice. <\/p>\n<\/p>\n<hr data-path-to-node=\"11\" \/>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. Bhrikuti Stock Broking Company Pvt. Ltd. has suspended its license for indulging in irregularities in the purchase and sale of shares of Nepal Reinsurance Company (NRI). (Broker No. 63) has liabilities of more than Rs 5 billion. According to the Securities Board of Nepal (SEBON), the company owes Rs 5.11 billion to its shareholders. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":247341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45159,45180],"tags":[],"class_list":["post-294358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-news-en","category-stockmarket-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/294358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=294358"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/294358\/revisions"}],"predecessor-version":[{"id":294359,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/294358\/revisions\/294359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/247341"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=294358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=294358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=294358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}