Share transaction goes online from now onwards

 

Share brokers have restricted the use of cash for share transaction. Securities Board of Nepal (SEBON) has decided to limit the transaction to electronic medium to control the use of cash to prevent the spread of Covid 19.

The brokers said that they will take cheque or cash and transact only through online platform.

SEBON directed the brokers to make the share market online friendly by giving priority to online transaction.

Following the directive from SEBON, the share brokers have been requesting the investors to associate with platforms like Connect IPS. Nepal Stock Broker Association has also requested the investors to transact through online medium. According to the association, currently, most of the investors have been involved in transaction through cheque.