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Section 116
Power to make rules
(1) To implement the objectives of this Act, the Board may make necessary rules with the approval of the Government of Nepal. (2) Without adversely affecting the generality of the rights given by sub-section (1), provisions may be made in those rules, especially in relation to the following subjects:- (a) Registration of securities and Issuance permit, (b) regarding the issuance of the securities market license, (c) regarding the issuance of the securities dealer's license, (d) regarding the operation of the collective investment scheme, (e) regarding the service conditions of the board employees, (f) regarding the financial operation and accounting of the board. (g) In relation to compensation fund operation, (h) In relation to the financial resources to be kept by securities businessmen in connection with the operation of securities business, (i) In relation to accounting and records of the amount submitted by the customer for the purchase of securities, (j) Suspension of securities listing, cancellation (delisting) ) or in relation to transfer, (k) to organize the issuance, purchase, sale and exchange of securities in order to develop the capital market, to regulate and organize the work of persons involved in the securities market and securities business and to make other arrangements necessary to protect the rights and interests of investors, (l) In relation to taking ownership by purchasing shares in lump sum or several times for the purpose of controlling the management of the company.