Govt to transform real sector companies into public limited entities; plans restructuring of CDS and securities board

KATHMANDU: In a bid to invigorate Nepal’s economic landscape, the government has reaffirmed its commitment to converting qualifying real sector companies into public limited entities. This initiative aims to bolster transparency, accountability, and investor confidence within the burgeoning market.

Under the proposed plan, companies that have surpassed the designated capital base threshold will undergo a transformation into public limited companies. This strategic move is poised to enhance access to capital, foster growth opportunities, and promote corporate governance standards across various sectors.

Moreover, as part of a comprehensive overhaul, the government has unveiled plans to restructure the Clearing and Depository Services (CDS) Limited and the Securities Board of Nepal. These pivotal institutions will undergo transformational changes to streamline operations and ensure the seamless functioning of the share market.

The envisioned reforms underscore the government’s proactive stance in fostering a conducive environment for sustainable economic development. By modernizing regulatory frameworks and promoting market efficiency, Nepal aims to position itself as a dynamic hub for investment and enterprise in the region.

Fiscal Nepal |
Tuesday May 28, 2024, 05:09:32 PM |

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