The government has issued yet another notice to appoint a chairman in the Securities Board of Nepal (SEBON). The Ministry of Finance has issued new information canceling the earlier information. The Securities Board of Nepal had previously unveiled the vacancy announcement for the post of the regulatory board's chairman. The post had been vacant ever since Bhisma Raj Dhungana was sacked by the Ministry of Finance.
The selection and recommendation committee formed for the appointment of the chairman of the board has issued a 15-day notice. As the vacant post of chairman of SEBON will be filled through open competition, eligible Nepali citizens who meet the qualification have been asked to apply within 15 days. Eligible applicants are asked to submit a confidential application to the Financial Sector Management and Institutional Coordination Division of the Ministry of Finance.
This is the list of expected qualifications/ experience:
1) The candidate should be a Nepalese citizen.
2) The candidate should possess a high moral character.
3) At least 7 years of working experience in securities market operations, capital market development, with financial, economic, or legal experience.
4) Not considered ineligible by Securities Act, 2063.
5) The candidate should be in the 30 - 60 age range.
Twelve applications were received for the post of chairman of the Securities Board of Nepal (SEBON) in the earlier call. According to sources in the Ministry of Finance, the applicants for the post are Niraj Giri, Dr. Nawaraj Adhikari, Anil Poudel, Sitaram Thapaliya, Chiranjibi Chapagain, Krishna Prasad Acharya, Jeevan Amgai, Gopal Bhatt, Dr. Keshav Prasad Shrestha, Ramesh Hamal, Ambika Rimal, and Hemanta Bashyal. These applicants will also have to resubmit their candidacy (or withdrawal).
Based on the committee's recommendation, the government will appoint a chairman.