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Kathmandu, Nepal, November 7, 2022: Various investors' organizations of the Nepalese share market have warned to hit to the streets for the delaying process to issue license to the new broker companies and new stock exchange.
Issuing a joint statement, different 9 organizations of stock investors have warned on Monday to launch the street protest if the process of issuing licenses to new broker companies and new stock exchanges is not carried out immediately.
On behalf of 5.4 million investors, we would like to draw the attention of all concerned stakeholders that all the steps being taken by the Nepal Stock Exchange (NEPSE), Securities Board of Nepal (SEBON), and other agencies of the Government of Nepal should not be blocked.
In the statement, the investors have also accused of manipulating the license issuing process from some selfish group. If some selfish groups create obstacles and prevent the process, all associations and organizations will compel to hit the street on behalf of 5.4 million investors, reads the statement, sates the statement.
Mentioning that the capitalization of more than 40 billion has dropped to 28 billion, such an act of not allowing the capital market of Nepal to be modernized and trying to keep it under the control of a limited number of individuals or organizations is against the constitution and legal norms of competition.
The share investors have also demanded immediate implementation of the 58-point recommendations and 19-point agreement reached earlier with the government.
