Prime Minister Balendra Shah (Balen) has called a Cabinet meeting for Tuesday (Jestha 19) at 12 PM at Singha Durbar. The meeting is highly anticipated to finalize the appointment of the new Chairman of the Securities Board of Nepal (SEBON) from a shortlisted pool of four candidates.
Prime Minister Balendra Shah (Balen) has called a Cabinet meeting for Monday afternoon, with high expectations that a new Chairperson for the Securities Board of Nepal (SEBON) will be officially appointed from the final shortlist of four candidates.
With no Chairman at the helm of SEBON, policy decisions and IPO approvals remain frozen, frustrating 47 applicants and thousands of investors.
The Securities Board of Nepal (SEBON) has cautioned the public against purchasing "Pre-IPO" shares through informal channels like WhatsApp, Facebook, and SMS. The regulator clarified that selling such shares to the general public is illegal, warning that any public offering to more than 50 people requires prior formal approval from the board.