The way for non-resident Nepalese to invest in the stock market has opened

Kathmandu The way for non-resident Nepalis to invest in the stock market is open. The Nepal Securities Board has opened such a system through Securities Issuance and Allotment (Eighth Amendment) Guidelines, 2081.
In the guidelines issued by the board on Friday, it has been arranged that non-resident Nepalis can invest in the stock market by establishing a joint venture investment company. It is arranged that non-resident investors can issue shares for non-resident Nepalis from a minimum of 10 to a maximum of 49 percent in the company that will be established in this way.
Thus, it has been arranged that the investment company including non-resident Nepalis must be registered with the stock board before issuing shares. After the board’s approval, it has been arranged that IPOs can be opened for non-resident Nepalis for a minimum of four days to a maximum of 15 days.
In this way, it has been arranged that the shares to be bought and sold through IPO must be traded at least 1000 shares, can be traded only among non-resident Nepalis, and cannot be bought and sold for one year after the IPO. Provision has been made for the transfer of rights shares to be made only among non-resident Nepalis.
No guarantor of securities needs to be appointed for the shares issued in this way. It has been mentioned in the directive that this directive will not affect the work being done under various laws that were brought earlier to enable non-resident Nepalis to invest.
Navraj Adhikari, executive director of Nepal Securities Board, mentioned that investment has been opened by revising the guidelines to attract Nepalis who have renounced Nepali citizenship and acquired foreign citizenship in the capital market. He said that this will help in mobilizing the capital accumulated in Nepal.