SEBON directs all listed companies to get their shares dematerialized by the end of Poush 2072

Mon, Dec 7, 2015 11:30 AM on Latest, Featured, Stock Market,

Securities Board of Nepal (SEBON) has published a notice instructing all the listed companies to get their shares fully dematerialized by  Poush end.  Trading of shares of listed companies can be carried out only in Demat form from Magh 01, 2072. If any company fails to dematerialize their shares by the end of the Poush 2072, the trading of such companies will be halted from Magh 01, 2072.

This notice provides an exemption to the companies in liquidation or whose trading has been halted or suspended or in merger process from dematerializing their shares.

119 Listed companies have already dematerialized shares.

sebon-share

SEBON aims for drastic changes to modernize secondary market; Market depth within a month, only dematerialized shares to be traded from Magh 01