Sebon has directed investors to mention their bank accounts, if they are applying for an initial public offerings (IPOs) worth more than Rs 10,000. "The directive will come into effect from Wednesday," said Dr Chiranjivi Nepal, chairman of the board. The money — when returned to investors after the allotment of shares — should be paid through account payee cheques, the new directive said. Similarly, money collected by the collection centres and deposited at bankers to the issue should be deposited in an account in the Nepal Rastra Bank within five days of the closing of IPOs for a minimum of six days, Nepal said adding that the capital market is expected to become more transparent after the new directive.
Source: THT
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Thursday, August 7, 2008
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This will really help to those investor who are investing with their own capital. The real figure of investment will cut off. I am very happy with this decision.
ReplyDeleteThis initiation i believe is a very valuable to the general publice. The holding of the shares now be divided to more public. And this will help to create autonomous security market discouraging so-called stock player.
ReplyDelete