Provisions relating to Dealing in securities of banks or financial institutions - NEPAL MONETARY SOLUTIONS (NMS)

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Friday, February 14, 2014

Provisions relating to Dealing in securities of banks or financial institutions

Provisions relating to Dealing in securities of banks or financial institutions:

  • (1) While issuing its securities for subscription by the general public, every bank or financial institution does all acts such as the sale, allotment, and recovery of amounts, of such securities in accordance with the laws in force relating to securities.

  • (2) Every bank or financial institution shall file with the Rastra Bank and the Securities Board a copy of an agreement made by it on the dealing of securities through any institution dealing in securities, within seven days after the date of the making of such agreement.