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Kathmandu, Nepal, April 10, 2014: The chairman of the Securities Board (SEBON) Ramesh Hamal Hamal has reiterated his commitment to resolve the problems faced by the share market investors.
Speaking at a press conference organized on Monday he also urged the investors to foster a favorable environment for the market.
The verdict of the Supreme Court has paved the way to expand the share market, Hamal said. The Supreme Court has on Sunday scrapped a writ petition filed demanding that the SEBON should stop preparations for the distribution of licenses for new share brokers, stock exchanges and commodity exchanges.
A division bench of justices Anil Kumar Sinha and Shushma Lata Mathema dismissed the petition filed by advocate Deepak Bikram Mishra.
Likewise, a group of Investors Association has on Monday met SEBON Chairman Hamal demanding immediate efforts to implement verdict of the Supreme Court to solve the problems seen in the share market sectors.
During the meeting, the group of investor association also demanded that the Securities Board should not delay to introduce new stock exchange, stock brokers, and commodity exchanges.
Likewise, demands like reduction of broker commission rate not exceeding by 0.15 percent, reduction of reduction of DP price not exceeding higher than Rs. 5, separation of long-term investors from short-term investors with the provision of 3 percent capital gains tax for long-term investors were also raised in the meeting.
