Nepal Securities Board Chairman, Dr. Gopal Prasad Bhatta, announced that ‘Pre-IPO’ share trading is illegal and those involved will face legal action.
Dr. Gopal Prasad Bhatta, who chairs the Nepal Securities Board (SEBON), has clearly stated that any unauthorized trading happening under the name of ‘Pre-IPO’ will not be accepted. He warned that those involved in such activities will face punishment according to the law.
Chairman Bhatta made these remarks on Wednesday while responding to questions raised by Members of Parliament (MPs) during a meeting of the Finance Committee under the House of Representatives. He made it clear that the board cannot give legal status to transactions called ‘Pre-IPO’ which are unauthorized.
He explained, “Pre-IPO is an illegal thing, and such actions should not happen. If we find out about any such activity, we will take action. That money is not come through our legal process, and the state will not remain silent while someone try to manipulate.”
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.
