Household Share Transfer and Heir-Claim-on-Investor-Death Postponed Amidst Covid-19 Fears

Sun, Aug 16, 2020 3:31 PM on Latest, Stock Market, NEPSE News,

The transfer of shares between household members and the transfer of authority to the heir after the death of an investor are both postponed until further notice.

In a notice issued by CDS and Clearing Limited, it is mentioned that this new rule has been brought in accordance with the government's instruction to put off any non-essential activities because of the Covid-19 activities.

Since the righteous heir or the participants of a share transfer have to be physically present for the procedure, the activities are temporarily terminated in order to prevent physical gathering during operation.