Nepal Telecom has invited proposals from eligible stock broker companies to enlist for providing securities broker services for the fiscal year 2083/84.
Nepal Doorsanchar Company Limited, which is commonly known as Nepal Telecom, have invited proposals to select and prepare a list of stock broker companies for the fiscal year 2083/84. The company published this notice for first time on Bhadra 8, asking interested and eligible stock brokers to submit their registration proposals at the central office within 15 days. The proposal form can be obtained for free from the company.
Eligibility Criteria for Stock Brokers
To register in the list, the broker company must be registered under the prevailing laws and must hold a valid, renewed stock broker license from the Securities Board of Nepal (SEBON). The company must also have a Permanent Account Number (PAN) and meet the minimum paid-up capital set by SEBON.
Financial and Experience Requirements
There are some financial rules that the applicants must fulfill. The net working capital of the broker company for the fiscal year 2081/82 must be positive, and they must have cleared their taxes for that same fiscal year. Additionally, the average annual transaction amount of buying and selling securities in the last two fiscal years, 2080/81 and 2081/82, must be more than Rs. 10 arba.
The applicant company must have at least two years of experience as a stock broker. They also need to have at least one year of experience working as a stock broker for at least one company or organized institution that is fully or partially owned by the government. Any company that is not disqualified by current laws can submit their profile along with the listing proposal.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
