NEPSE allowed these stocks to resume trading after enlistment fee clearance

The trading of three securities has resumed in NEPSE. NEPSE had recently published a list of the securities that have yet to submit their enlistment fees.

Securities listed on the stock exchange (companies, bonds, debentures, mutual funds) have to pay an annual enlistment fee to have their securities listed in NEPSE. Listed securities with paid-up capital below Rs. 50 crores will have to pay Rs. 50,000 as renewal fee. Securities with paid-up capital above that limit should pay Rs. 1,00,000. Meanwhile, Debentures and mutual funds with paid-up capital below Rs. 50 crores should pay Rs. 25,000 and those with higher paid-up capital should pay Rs. 50,000 as renewal fee.

NEPSE had also warned that failure to pay the renewal fee by Ashwin's end will cause a fine amounting to 10% of the annual renewal fee.

A total of 25 securities were included in the list. Multipurpose Finance Company Limited (MPFL) and Himalayan Distillery Limited (HDL), two securities that were on the list had then immediately paid their fees and renewed their enlistment.

Today also, issuing new notices, NEPSE has informed that three of the companies on the list have now paid their enlistment fees. They are Nepal Hydro Developers Ltd (NHDL), Himal Dolakha Hydropower Company Limited (HDHPC), Joshi Hydropower Development Company Ltd (JOSHI). Their trading is now resumed.