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Monday, it wrote a letter
to Taragaun that manages the Hyatt Regency hotel seeking an explanation why it has not paid back the money of the preferential shares to shareholders. Taragaun has neither returned the money nor given the interest to the investors. “After the investors complained to Sebon, the regulatory authority sought an explanation within seven days,” he added.
The board is soon bringing Portfolio Management Directives — to manage the market more effectively. It has more on its plate too, like Mutual fund Act, 10-year Master Plan for long-term development of the capital market and Central Depository System (CDS).
Except banks and financial institutions, other companies are not transparent and have no proper disclosure system,” he said citing the reason for low investor attraction in the real sector companies that have less than 15 per cent presence in the secondary market. Manpower crunch and lack of teeth has hit the board, he opined. “As a regulator of the capital market, the board must have teeth — more regulations and capable manpower,” he said admitting Sebon’s weakness in acting against companies that do not follow its directives.
However, the board is not sitting idle. This
to Taragaun that manages the Hyatt Regency hotel seeking an explanation why it has not paid back the money of the preferential shares to shareholders. Taragaun has neither returned the money nor given the interest to the investors. “After the investors complained to Sebon, the regulatory authority sought an explanation within seven days,” he added.
The board is soon bringing Portfolio Management Directives — to manage the market more effectively. It has more on its plate too, like Mutual fund Act, 10-year Master Plan for long-term development of the capital market and Central Depository System (CDS).
Except banks and financial institutions, other companies are not transparent and have no proper disclosure system,” he said citing the reason for low investor attraction in the real sector companies that have less than 15 per cent presence in the secondary market. Manpower crunch and lack of teeth has hit the board, he opined. “As a regulator of the capital market, the board must have teeth — more regulations and capable manpower,” he said admitting Sebon’s weakness in acting against companies that do not follow its directives.
However, the board is not sitting idle. This
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