Pioneer team is working from home owing to the current Covid-19 situation. Please expect some delay in response. Please contact relevant lawyers for any queries or email at info@pioneerlaw.com. Click Here
default banner

Legal News

Nepal Stock Exchange Limited (NEPSE) to shut down till April 07, 2020 (2076/12/25)

March 31, 2020

 

Securities Board of Nepal (SEBON) had ordered Nepal Stock Exchange Limited (NEPSE) to shut down the secondary stock market as a precautionary measure to control the epidemic of Covid-19 being wide spread in Nepal. NEPSE had issued a notice on March 23, 2020 (2076/12/10) for the closure of secondary market effective form March 23, 2020 (2076/12/10) for five transaction days till March 30, 2020 (2076/12/17). 

 

NEPSE has further published a notice on March 30, 2020 (2076/12/17) extending the closure of secondary market effective from March 31, 2020 (2076/12/18) till April 7, 2020 (2076/12/25) pursuant to Rule 21(1) of Securities Listing and Trading Regulation, 2018.  

 

**DISCLAIMER: This document is prepared for general understanding and should not be taken for any legal purpose without consulting legal professionals. ** The copyright of the document is vested with PLA.**