NEPSE addresses continuous negligence of listed companies; Companies failing to follow procedure to get punished

Nepal Stock Exchange (NEPSE) has issued a statement regarding the flow of information in the stock market.

NEPSE has stated that the various corporate activities and flow of information of the listed companies has been creating confusion among the investors which has caught the attention of NEPSE.

So, NEPSE has advised the listed companies to follow the procedures mentioned in Securities Listing Regulations, 2075 which includes flow of separate related information, clear information with the use of clear language and numbers and to provide the information in time.

The regulatory body has also stated that the companies failing to fulfill the above mentioned procedure will be unlisted from the stock exchange and punished under Securities Act, 2063.