NEPSE Prohibits Certain Individuals for Trading in Securities of those Companies in Which he has a Direct or an Indirect Influence

Nepal Stock Exchange (NEPSE) has issued circulation in relation to the share trading by certain individuals who are prohibited from trading in such companies in which he has a direct or an indirect influence. 

In accordance with Rule 38 (1A) of the Securities Registration and Issuance Regulations 2079, "Director, executive head, auditor, company secretary or a person directly involved in the management or accounting of any company while holding such a position or having retired from such a position" cannot purchase, sell, transfer, or otherwise deal in the securities of the related company or its subsidiary company in his or her own name as of the date of one year.

This directive has been given in compliance with Section 48 of the Securities Act of 2063, instructing the listed companies to hold the shares of the aforementioned officers in CDS and Clearing Limited for the duration of the regulations. NEPSE has also suggested making the necessary arrangements and only accepting responsibility by reserving shares as necessary.