Kathmandu, Jan. 12
The Securities Board of Nepal (SEBON) has enacted a new provision for the
share market stakeholder companies to allocate 1 per cent from their profit for
Corporate Social Responsibility (CSR).
Issuing a statement on Monday, the capital market regulator said that the
central depositary company, credit rating companies, share brokers and traders
should spend 1 per cent of their profit for CSR programmes on investors'
education and awareness enhancement.
They should spend the fund in all provinces as per the need. CSR
provision for the merchant bankers is already in effect.
"The primary market of securities has reached 77 districts of the
country and one Initial Public Offering (IPO) has witnessed the participation
of more than a million investors. Use of online system is in growth," said
the SEBON. "Therefore, there is a need to give emphasis to investors'
education that is technology-friendly. It needs support from all
stakeholders," it added.
Published in The Rising Nepal daily on 13 January 2021.
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