Kathmandu. Share Investors Association, Nepal Capital Market Investors Association and Independent Capital Market Investors Association have sacked the newly appointed Chief Executive Officer of CDAC Prabin Pandak. Representatives of these three associations met newly appointed CDAC CEO Prabin Pandak and extended their heartiest congratulations and best wishes for a successful tenure.
Issuing a joint statement during the meeting, all the three associations expressed the belief that the change in leadership of CDSC would accelerate the development of investor-friendly, transparent and effective system. They are expected to make the system more transparent, convenient and reliable in the coming days.
It is imperative to create an effective helpdesk to serve distant investors through mobile apps, online systems and digital literacy, further simplify the IPO application system, shorten the settlement process and resolve grievances.
In addition, CDAC has been providing electronic share trading, demat account management, C-SBA system, share transfer, merger process, bonus and dividend distribution in the capital market. The organization has now made the role of promoting integrated trading system based on e-KYC system easier.
