Nepal Stock Exchange concluded its 27th annual general meeting on 5th June 2009 (2066 Jestha 22) with lots of promises and assurances. Nanda Kishore Mundara, chairman of Broker's association addressed following issues:
• Nepal Stock Exchange has to be privatized soon and the paid up capital of the company should be raised to 200 million so as to keep up the pace with the other emerging new stock exchanges.
• NESE should be automated and Central Depository System should be implemented,
• The numbers of brokers should be increased, • The prevailing rules should be taken to practice strictly.
Moreover, Arjan Raj Poudel, broker No. 13 stressed on the need of various aspects of NEPSE that has to be improved.
Meanwhile, Chairman of NEPSE Dr. Narayan Prasad Poudel said that the concept paper of NEPSE privatization has already been sent to the central bank and the discussions are going on. He also added that Kathmandu centered service of NEPSE will be extended very soon to Biratnagar and Nepalgunj. He also announced Mr. Yagya Raj Bhatta as the auditor of the exchange.
Source:
Jamb News Service
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Saturday, June 6, 2009
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