Tuesday, August 23, 2016

Sebon urges DPs to transfer bonus and right share within 3 working days.

Securities Board of Nepal (SEBON) has issued nine points instructions on 5th Bhadra addressing all the depository participants (DPs) to ease share dematerialization process. From very long time, Investors have been complaining about delay in transfer of bonus and right share in account holder’s account and delay in debit Instruction Slip (DIS).Thus Sebon has issued notice urging DPs and share registrars to accomplish tasks on time.

The Board has already made demat account mandatory for investors applying for IPO in Kathmandu Valley from Shrawan, 2073. The process will be compulsory in outside Kathmandu valley from Magh 2073. SEBON also requested to Investors facing any problems can dial hotline number 1660-01-44433 to file complaints.

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