Kathmandu. The Securities Board of Nepal (SEBON) has suggested the government to immediately reform the share market.
A committee formed under the convenorship of Rupesh KC, acting executive director of SEBON, suggested the government to the government. The committee submitted its report to Finance Minister Rameshwor Khanal today.
The report has suggested removing the maximum single customer limit of Rs 10 million for margin loans issued by banks and financial institutions.
Similarly, the committee has suggested scrapping the provision of allowing banks and financial institutions to invest in shares and debentures of listed companies for a period of more than one year.
The committee has also suggested that there should be no additional penalty if the interest on the margin loan issued on share mortgage is paid by mid-October, 2082.
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