Securities Act, 2063 (2007)
Section 87
To Issue Orders Or Directions
(1) The Board may, upon considering the policies, directions of the Government of Nepal, the condition of capital market and the interests of investors, issue necessary orders or directions to the stock
exchanges, securities business persons, formal agents of securities business  persons and bodies corporate which have listed their securities to do any act required to be done under, or to refrain from doing any act prohibited under, this Act or the Rules and Bye-laws framed under this Act, in relation to the securities transaction.
(2) Based on the inspection and inquiry report submitted pursuant to Section 85, the Board may direct the stock exchanges, securities business persons, formal agents of securities business persons, bodies corporate which
have listed their securities or the directors or employees of such bodies corporate to do or refrain from doing any act under this Act or the Rules and Bye-laws framed under this Act or revoke the registration of securities or
suspend or revoke the license issued by it under this Act.
(3) It shall be the duty of all the concerned to observe any orders or directions issued pursuant to Sub-section (1) or (2).
Securities Act, 2063 (2007)
Chapter - 2
Section 3: Establishment Of BoardSection 4: Board To Be An Autonomous And Body CorporateSection 5: Functions, Duties And Powers Of The BoardSection 6: Meeting And Decision Of BoardSection 7: Appointment Of ChairpersonSection 8: Functions, Duties And Powers Of The ChairpersonSection 9: Remuneration, Meeting Allowance And Other Facilities Of Chairperson And MemberSection 10: Qualification Of Chairperson And MemberSection 11: Disqualification Of Chairperson And MemberSection 12: Circumstances On Which A Chairperson And A Member May Be Removed From OfficeSection 13: Resignation Of Chairperson And MemberSection 14: Fulfillment Of VacancySection 15: Proceeding Not To Be InvalidSection 16: Powers To Form Committee Or Sub-committeeSection 17: Delegation Of PowersSection 18: Requirement Of Disclosure In Regard To Conflict Of InterestSection 19: Provisions Relating To Accounts Experts, Advisors And EmployeesSection 20: To Take OathSection 21: SecrecySection 22: Fund Of BoardSection 23: Provision Of Revolving FundSection 24: Accounts Of BoardSection 25: Auditor And AuditSection 26: Annual Report
Chapter - 4
Section 36: License To Be Obtained To Operate Stock ExchangeSection 37: Application To Be Made To Carry On Stock ExchangeSection 38: Issue Of A License To Carry On Stock ExchangeSection 39: The Board May Specify TermsSection 40: Power To Refuse To Issue License To Carry On Stock ExchangeSection 41: Minimum Capital And Financial SourceSection 42: Validity Period And Renewal Of A License To Carry On Stock ExchangeSection 43: Transactions Of Recognized SecuritiesSection 44: Managerial Responsibility Of Stock ExchangeSection 45: Functions, Duties And Powers Of Stock ExchangeSection 46: Disclosure To Be Made By Stock ExchangeSection 47: Stock Exchange To Submit A ReportSection 48: Stock Exchange To Issue DirectionSection 49: Ceiling Of Securities Transactions May Be FixedSection 50: Charge To Be Paid By Stock ExchangeSection 51: Stock Exchange To Assist BoardSection 52: Information Of Action To Be GivenSection 53: Stock Exchange To Provide For Compensation FundSection 54: Provisions Relating To Operation Of Compensation FundSection 55: Board To Make Provisions On Compensation
Chapter - 5
Section 56: License To Be Obtained To Carry On Securities BusinessSection 57: Application For License To Carry On Dealing In SecuritiesSection 58: A License To Carry On Securities Business To IssueSection 59: Board To Specify Terms And ConditionsSection 60: Power To Refuse To Issue A License To Carry On Securities BusinessSection 61: Validity And Renewal Of A License To Carry On Securities BusinessSection 62: Power To Prescribe For Carrying On Securities Business Through A Subsidiary CompanySection 63: Types Of Securities BusinessSection 64: License Not To Be Issued To Carry On Securities Business Without Specifying AgentSection 65: Formal AgentSection 66: Rights Of Securities Business PersonSection 67: Minimum Capital And Financial Source Of Securities Business PersonSection 68: To Maintain Records Of Securities Business PersonsSection 69: Records Of Formal AgentsSection 70: Information To Be Given
Chapter - 9
Section 91: Insider TradingSection 92: Persons Likely To Be Involved In Insider TradingSection 93: Information Or Notice Deemed To Have Been Made PublicSection 94: False TradingSection 95: Fluctuation In PriceSection 96: To Affect Stock ExchangeSection 97: To Supply Misleading StatementsSection 98: Fraudulent TransctionSection 99: Prohibition On Transaction Of Securities By Fraud Or MisrepresentationSection 100: Destroy Or Concealment Of Documents, Statements Or RecordsSection 101: PunishmentSection 102: Government Of Nepal To Be A PlaintiffSection 103: Investigation And Filing Of A CaseSection 104: Investigation May Be Conducted Upon Holding In Detention Or Suspension Or Release On BailSection 105: Compensation To Be PaidSection 106: AppealSection 107: Remedies Against Undue BiasSection 108: To Be Disqualified To Be A Director Or General Manager