(1) To be registered
as the Securities Entrepreneur, the qualification of Board of Directors
and Executive Chief of the Corporate Body or the Chief Employee who
takes the responsibility for carrying out the Transaction of Securities
shall be as follows :-
51 Amended by Second Amendment.
52 Amended by Second Amendment.
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(a) Must be a Nepalese citizen, except provided the approval
by Government of Nepal,
(b) Must have attained 21 years age,
(c) Must have obtained an experience of two years in the field
of industry and commerce by obtaining the bachelor
degree in the field of business administration or commerce
or economics or must have five years of working
experience of Stock Exchange, bank, financial institution
or insurance company,
(2) Notwithstanding anything mentioned in sub-rule (1), the
qualification of this Rule shall not be essential to the person who is
carrying out the Transaction by obtaining the membership of the Stock
Exchange at the time of commencement of this Act.