Kathmandu. Nepal Rastra Bank (NRB) Governor Bishwanath Poudel has been advised by the Capital Market Association 3. Acting President of Stock Investors Association Nepal Tara Prasad Fulel, General Secretary of Capital Market Investors Association S. A joint team of P. Chaulagain and Independent Capital Market Investors Association President Dillishwor Karki submitted the suggestion.
Jointly submitting a suggestion, it has been suggested to remove the limit of Rs 150 million on share mortgage loans. Similarly, the association has demanded that microfinance institutions should be given full freedom to perform their duties by removing the current system as it is against the open economic principle adopted by Nepal in the context of not distributing more than 15% dividend to microfinance institutions.
Around 6.8 million investors of the country are involved in the capital market and are investing more than Rs 4.5 trillion and the capital gains tax of Rs 15.30 billion has been collected till mid-June of the current fiscal year 2081/82.
The associations have demanded that banks and financial institutions should revise the limit for investing their primary capital fund in the capital market as per the existing provision regarding the limit of investment in the stock market and maintain the limit of limits as provided in the Banks and Financial Institutions Act, 2073 BS.
Non-Resident Nepalis (NRNs) want to invest in Nepal’s capital market with regard to the entry of non-resident Nepalis (NRNs) into the capital market, but the existing legal hurdles do not allow them to return the profits with that investment. ।
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