Kathmandu. The Securities Board of Nepal has added a new arrangement for investment companies to expand their investment. The board has made arrangements to help investment companies invest in new sectors.
Board’s Assistant Spokesperson Tolakanta Neupane said that the new arrangement has been made to make it easier for investment companies to invest in new sectors. He said, “Earlier, there was only transport, communication and energy, now the area of investment has been added. “
According to the old arrangement of the board, only a small number of sectors could be invested. According to the new arrangement, an organized organization/ investment company should be established to invest only in the securities of organized organizations in the energy, transport, communication, agriculture, tourism, production and processing, information technology and mineral mining sectors.
These are other arrangements
An organized organization/ investment company should have been in operation for at least the last three years and made profit in the last two financial years.
The net worth per share of an organized organization/investment company should be more than the face value.
An organized organization/investment company cannot buy securities other than the founder shares of organized organizations related to energy, transport, communication, agriculture, tourism, production and processing, information technology and mineral mining and through the primary and secondary markets.
However, if he gets permission from the Board to act as a qualified institutional investor, he can act as a qualified institutional investor only in the initial public issue through the book building method of organized organizations related to energy, transport, communication, agriculture, tourism, production and processing, information technology and mineral mining.
An organized organization/ investment company should be established to invest only in the securities of organized organizations in the energy, transport, communication, agriculture, tourism, production and processing, information technology and mineral mining sectors.
An organized organization/ investment company must have obtained a grade of credit rating at least one level above the minimum.
The paid-up capital of an organized organization/ investment company is at least Rs. It should be 50 crores.
The Government of Nepal should be an organized organization/ investment company established with the objective of investing in energy, transport, communication, agriculture, tourism, production and processing, information technology and mineral mining sectors.
The organization established with foreign investment must have completed the process of the Foreign Investment and Technology Transfer Act.
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