CDSC: Shares of 126 listed companies trading in dematerialized form, 51 more to go

At the direction of Securities Board of Nepal (SEBON), CDS and Clearing Limited (CDSC) had made a announcement instructing all the listed companies to get their shares fully dematerialized by  Poush end. Trading of shares of listed companies can be carried out only in Demat form from Magh 01, 2072. If any company fails to dematerialize their shares by the end of the Poush 2072, the trading of such companies will be halted from Magh 01, 2072. At present there are 232 listed companies at Nepal Stock Exchange Limited (nepse) out of which 126 companies are already being traded in Demat. Excluding the companies in liquidation or whose trading has been halted or suspended or in the merger process, there are 51 companies left to be traded in demat form. At present there has already been 25,39,63,226 shares in Demat form and on average 3,37,697 shares are converted in demat form per day. CDSC has asked the Investors should open a DEMAT account through authorized depository participants.