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Rule 29
29
29. Registration of Securities Dealers:
(1) Upon receipt of an application in accordance with Rule 28, the Board shall, after carrying out the necessary investigation in accordance with Section 19 of the Act, and deems it appropriate to register such an organization as a securities trader, within thirty days from the date of receipt of such application, shall register such an organization as a securities trader and carry out any of the following tasks. In order to be able to do more work than that, the securities business registration certificate should be given in the format as per schedule-13:-
(a) To buy, sell or exchange securities in the name of the customer.
(b) Bonds issued by the Government of Nepal or guaranteed by the Government of Nepal or any of the above securities for the purpose of providing liquidity to common shares or other securities of publicly issued collective funds (mutual funds) or units or at least three organized institutions or Dealing in securities by buying and selling more than one securities in his name or in his name.
(c) To purchase all or some of the issued securities for the purpose of buying newly issued securities publicly or by circular method by the organized organization in its own name and selling them through the securities market, and for the purpose of entering into an investment management agreement with the customer, conducting securities transactions through a broker on behalf of the customer or its own name. .
(d) Providing pre-issue, during-issue and post-issue services and underwriting the issued securities to manage the sale of securities that are going to be newly issued by the public issue or circular method.
(e) Registering newly issued securities, taking responsibility for filing, canceling, naming or transferring securities, acting as a trustee of securities, providing consulting services related to securities investment in a professional manner, and any other work determined by the Board with the approval of the Government of Nepal, including other securities transactions. To act.
(2) If it is necessary or if it seems necessary to add something to the application, the board may notThe necessary order will be given to the applicant and the board will take the necessary decision to register the applicant's name as a securities trader only after completing the work as per the order.
(3) In the event that it is not possible to register the name as a securities trader after the investigation according to sub-rule (1), the board will give a notice to the concerned applicant with the reason within thirty days of receiving the application.
(4) Notwithstanding anything written in sub-rule (1), no additional details or documents shall be given to the trader acting as a securities broker, except for dealing in securities as per clause (a), during the examination of the application under sub-rule (1).
(1) Upon receipt of an application in accordance with Rule 28, the Board shall, after carrying out the necessary investigation in accordance with Section 19 of the Act, and deems it appropriate to register such an organization as a securities trader, within thirty days from the date of receipt of such application, shall register such an organization as a securities trader and carry out any of the following tasks. In order to be able to do more work than that, the securities business registration certificate should be given in the format as per schedule-13:-
(a) To buy, sell or exchange securities in the name of the customer.
(b) Bonds issued by the Government of Nepal or guaranteed by the Government of Nepal or any of the above securities for the purpose of providing liquidity to common shares or other securities of publicly issued collective funds (mutual funds) or units or at least three organized institutions or Dealing in securities by buying and selling more than one securities in his name or in his name.
(c) To purchase all or some of the issued securities for the purpose of buying newly issued securities publicly or by circular method by the organized organization in its own name and selling them through the securities market, and for the purpose of entering into an investment management agreement with the customer, conducting securities transactions through a broker on behalf of the customer or its own name. .
(d) Providing pre-issue, during-issue and post-issue services and underwriting the issued securities to manage the sale of securities that are going to be newly issued by the public issue or circular method.
(e) Registering newly issued securities, taking responsibility for filing, canceling, naming or transferring securities, acting as a trustee of securities, providing consulting services related to securities investment in a professional manner, and any other work determined by the Board with the approval of the Government of Nepal, including other securities transactions. To act.
(2) If it is necessary or if it seems necessary to add something to the application, the board may notThe necessary order will be given to the applicant and the board will take the necessary decision to register the applicant's name as a securities trader only after completing the work as per the order.
(3) In the event that it is not possible to register the name as a securities trader after the investigation according to sub-rule (1), the board will give a notice to the concerned applicant with the reason within thirty days of receiving the application.
(4) Notwithstanding anything written in sub-rule (1), no additional details or documents shall be given to the trader acting as a securities broker, except for dealing in securities as per clause (a), during the examination of the application under sub-rule (1).