The Finance Ministry has recalled Mahesh Baral from the Nepal Securities Board and appointed Senior Secretary Uttar Khatri as the new board director.
Change of Ministry Representative on Securities Board
The Ministry of Finance has replaced its representative on the Nepal Securities Board (SEBON). Mahesh Baral has been recalled, and Senior Secretary Uttar Khatri of the Finance Ministry has been appointed as the new board director.
Baral had recently been assigned as the head of the Public Finance Management Training Center after the appointment of Finance Minister Rameshwar Khanal. However, he faced allegations of working in a manner that benefited intermediaries, which reportedly led to his removal from the Securities Board as well.
As per legal requirements, the Finance Ministry must have a representative on the board of SEBON, the regulatory authority for the capital market. Although Khatri has been appointed, he has not yet attended any board meetings.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
