46 Companies Have Applied for Stock Broker/Dealer License; How Much is their Paid-Up Capital?

For stock dealer and broker licenses, a total of 46 companies have applied so far, comprising one for stock dealer license, four full brokers, and 41 limited brokers.

Securities Board of Nepal (SEBON) has received applications for new broker licenses from 46 companies. The board reports that among them, 41 companies have submitted applications for a limited stock broker license with a paid-up capital of Rs. 20 crores.

Nabil Securities Limited a subsidiary of Nabil Bank Limited has submitted an application for a stock dealer license, according to information provided by the board.

Likewise, the board reports that Mega Stock Markets Limited, Himalayan Securities Limited, and Century Securities Limited have all submitted applications for the full brokerage service. Also, Sani Securities Limited, an existing securities firm has increased its paid-up capital and filled out applications to apply for the full brokerage service.

Among the limited companies which have applied for the brokerage service are;  Bhole Ganesh Securities, Kalash Securities, NMB Securities, KBL Securities, and Share Pro Securities among others.

For the license of securities brokers and dealers, the board had issued a notification on Ashwin 2, 2079 requesting them to submit applications within 30 days i.e. till 31st Ashwin 2079.

According to the revised regulations, the board has divided the broker companies into three levels. Accordingly, the paid-up capital is also different. Out of which, the paid-up capital of the broker company with limited operations has been set at Rs. 20 crores, the full operation at Rs. 60 Crores and the stock dealer at Rs. 1.5 Arba.

Before requesting a new broker license from the Board, NEPSE must make a recommendation. On Monday, NEPSE made recommendations for 45 companies to receive new broker licenses. Nevertheless, the board received applications from 46 companies. Sani Securities, an existing broker firm, is one of them and has submitted a full broker for service addition application with a paid-up capital of Rs. 60 Crores.

Here is the list of the 46 companies which have applied for the stock broker/dealer license along with their paid-up capital: