Good news for share investors ! Soon it will be possible to apply for primary issue from home.
"Those days of long queues will soon be a thing of past," said Upendra Poudyal, CEO of NMB Ltd, launching the online share application service - NMB eSolutions: NMB online share application, here today.
NMB has come up with the first step in online share application system. "An investor can now file profile online and need not fill up any applications," he said adding that it will also help them save time and energy each a primary issue is floated.
However, for the time being as Securities Board of Nepal (Sebon) has not brought an online share application regulation one has to follow some procedure manually as usual, such as registration.
"Once an investor files his/her profile online, he/she will get a slip with ID code and can register at privileged counters with mandatory documents like photos and xerox copy of citizenship certificate and pay the amount equal to the number of shares sought," CEO Poudyal added.
However, it will take some time to go to full electronic application system for shares. Some changes in the framework of the Securities Regulation and greater awareness among investors could help go for complete electronic system of application.
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