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Nepal Stock Trade, in short NEPSE, is laid out under the Organizations Act-2006, working under Protections Act-2007. The essential target of NEPSE is to confer free attractiveness and liquidity to the public authority and corporate protections by working with exchanges in its exchanging floor through part, market middle people, for example, specialist, market producers and so on. NEPSE opened its exchanging floor on13th January 1994.
Structure
The ongoing settled up capital of NEPSE is NRs.50,00,00,000. Legislature of Nepal, Nepal Rastra Bank,Employees Opportune Fund,Rastriya Banijya Bank (previous, Nepal Modern Improvement Corporation),Laxmi Bank Ltd,Prabhu Bank Ltd and different protections finance manager (dealers) are the investors of NEPSE. The accompanying table shows the level of shareholdings by particular investors on the capital construction:
S. N. | Shareholders | Ownership (Percentage) | No. of Shares |
1 | Government of Nepal | 58.66 | 2933122.5 |
2 | Nepal Rastra Bank | 14.60 | 729989.5 |
3 | Employees Provident fund | 10.00 | 500000 |
4 | Rastriya Banijya Bank | 6.14 | 306816 |
5 | Laxmi Bank Ltd | 5.00 | 250000 |
6 | Prabhu Bank Ltd | 5.00 | 250000 |
7 | Others | 0.60 | 30072 |
History
The historical backdrop of protections market started with the floatation of offers by Biratnagar Jute Plants Ltd. also, Nepal Bank Ltd. in 1937. Presentation of the Organization Act in 1964, the primary issuance of Government Bond in 1964 and the foundation of Protections Trade Center Ltd. in 1976 were other huge improvement connecting with capital business sectors.
Protections Trade Center was laid out with a target of working with and advancing the development of capital business sectors. Before change into stock trade it was the main capital business sectors foundation undertaking the occupation of expediting, guaranteeing, overseeing public issue, market making for government securities and other monetary administrations. Nepal Government, under a program started to change capital business sectors changed over Protections Trade Center into Nepal Stock Trade in 1993.
Individuals
Individuals from NEPSE are allowed to go about as middle people in trading of government securities and recorded corporate protections. As of now, there are 50 part facilitates with 43 branches, who work on the exchanging floor according to the Protections Act-2007, rules and bye-regulations. The specialist house and its branches are extended more than 21 distinct urban communities of Nepal.
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