Kathmandu. Investors have urged the stock market not to operate until their demands are met. They have warned that they will be forced to protest if the stock market is not restored without meeting their demands.
The investors have filed applications with the Securities Board of Nepal, Nepal Stock Exchange (NEPSE) and Nepal Rastra Bank (NRB) for the operation of the share market. “It is well known that Nepal’s share market has been losing confidence among the investors for long and further problems have surfaced due to liquidity crunch, impractical regulations and unnecessary restrictions,” the writ petition reads. ’
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- 15 Minute Rule Cancellation The final transaction price adjustment process should be terminated immediately.
- Banks and financial institutions should be allowed to invest in the secondary market without any hindrance, and an environment should be created to invest freely in the stock market.
- to remove the cap of 25 crores. Investors should be allowed to invest freely in accordance with the market by removing the limit of 25 crores.
- Flexibility in the bonus given to the employees So far, the bonus to the employee is given only in cash. From now on, the bonus should be distributed in the form of shares along with cash.
“Investors will reject it if the market is reopened without immediate implementation of the above demands. “Therefore, we urge you not to resume the market until our demands are clearly met through this letter,” the memorandum reads, adding, “If this issue is not addressed seriously, we are compelled to launch more protests.” ’
