Chapter-5 Provisions Relation to License to Carry on Securities Business

Section 67: Minimum capital and financial source of securities business person

Estimated reading: 1 minute 69 views

(1) A securities business person shall, in carrying on the securities business, maintain the minimum capital and financial source as prescribed.

(2) If a securities business person fails to maintain the minimum capital and financial sources required to be maintained pursuant to sub-section (1), information thereof shall be given to the Board immediately.

(3) If the Board receives the information referred to in sub-section (2), it may immediately order such a securities business person to maintain the minimum capital and financial source as prescribed or give other necessary directives in that regard.

Share this Law

Section 67: Minimum capital and financial source of securities business person

Or copy link

Discover Nepal's laws effortlessly. Our user-friendly platform simplifies legal understanding and accessibility, serving individuals throughout the country.