Strictness in issuing IPO, if the net worth is less than 100 rupees, permission will not be given
Kathmandu. Nepal Securities Board Sebon has prepared to make the criteria for initial public issue IPO approval more stringent. The Board, while publishing the draft of the General Eligibility Guidelines for Public Offerings, 2083, proposed not to allow IPO issuance to companies with a net worth less than the nominal value per share.
According to the proposed system, companies with a net worth per share of less than Rs 100 will be ineligible for IPO. Earlier, based on the directives of the Public Accounts Committee under the previous House of Representatives, companies with a net worth of less than 90 rupees per share were not allowed to IPO. Now it has been proposed that the net worth should be maintained at the same level as the nominal value by making it more strict.
Express
Related News
Now police salary will come every 15 days
Kathmandu. The government is going to pay the police every 15 days from the next financial year 2083/84. Nepal Police Head Office, Administration Department Budget Branch on Tuesday issued a circular to the budget management offices across the cou...
Collect taxes by making the tax payers happy, not by suppressing them: Finance Minister Wagle
Kathmandu. Finance Minister Dr. Swarnim Wagle has instructed the tax administrators to collect the tax by making the tax payers happy. He gave this instruction while addressing the tax officers under the department across the country at the Intern...
Egg price increased: Rs. 25 per egg for consumers, farmers still at a loss
Chitwan. As the production of eggs decreases with the summer season, the price has increased. Nepal Layers Poultry Association has increased the support price of eggs. According to the association, a farm rate of Rs 515 per crate of 930 eggs for l...
Cash transaction limit of 5 lakhs maintained, 10 lakhs system abolished
Kathmandu. Nepal Rastra Bank has implemented a system where cash cannot be withdrawn by exchanging checks worth more than 5 lakh rupees. The Central Bank has made it compulsory to have an account payable when issuing checks above 5 lakhs. The limi...
'Upper Myagdi' Hydropower Project: 50% physical progress in 13 months
Myagdi. In the 13 months since the construction of the under construction 'Upper Myagdi' hydropower project in Dhawalagiri Rural Municipality of Myagdi, 50% physical progress has been achieved. The 46.25 MW capacity project promoted by Hydro Empir...
Janakpur-Jayanagar train service will be closed for 3 days for election
Kathmandu. Nepal Railway Company Limited has announced that the train service operating on the Janakpur-Jayanagar section will be completely closed for three days, aiming at the upcoming election of members of the House of Representatives. Accordi...



