Section 87: To issue orders or directions

1) The Board may, upon considering the policies and directions of the Government of Nepal, the condition of the 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 By-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 By-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).