Nepal Investors Forum Executive Committee Meet CDSC CEO Dev Prakash Gupta seeking CDSC’s support in betterment of stock market
Nepal Investors Forum Executive Committee met with CDS & Clearing CEO, Dev Prakash Gupta, seeking CDSC’s support for the overall development and betterment of the stock market of Nepal.
In the one and half hour long meeting, various measures that can be implemented by CDS & Clearing for the betterment of the stock market currently were discussed. Some of the major measures that were discussed were:
In the one and half hour long meeting, various measures that can be implemented by CDS & Clearing for the betterment of the stock market currently were discussed. Some of the major measures that were discussed were:
- Companies Compulsorily Set Aside Tax amount for Bonus when declaring Bonus Shares: When companies do not set aside tax amount required for bonus distribution, investors will have to go to respective RTS and submit the tax amount before bonus shares are released in their account. This has led to a lot of problems especially when investors do not realize they need to pay tax, and even worse, missing of right shares on such bonus share stocks due to such.
- Implementation of Individual Investor ID to integrate DMAT accounts and all stocks into one system.
- Proper management of Fraction Shares and realization method of such fraction shares so that individual investors can get money equivalent of stock also from such fraction shares.
- CDS & Clearing taking role of disbursement of cash dividend of different companies.
- Proper management of KYC with Biometric scanning integration for easy application of IPO/FPO, etc.
