Recommendation to give broker license to the bank, decision to register companies with a turnover of up to one billion in Mandatory Public Limited and to be listed in Nepse.

Kathmandu. The Parliamentary Finance Committee has decided to give the responsibility to the regulatory body regarding the issuance of broker license to Bangkok.

Friday's meeting of the Finance Committee under the Federal Parliament House of Representatives passed the report of the sub-committee chaired by MP Ram Kumari Jhankri and gave the responsibility to the regulatory body to decide on the license to the bank.

 Chairman of the committee Krishna Prasad Dahal said that the committee would not have any problem in giving broker license to the subsidiary of the bank if it could provide better service than the existing broker company.

In the proposal of the sub-committee passed by the committee, the provision of issuing shares of companies working in the field of natural resources to the public has been maintained. Committee Chairman Dahal said that even though it is a small company, it has to register with a public limited company even though it is not possible to do so.

In order to increase the real sector's share in the stock market, any private company taking a loan of Rs 500 million should register with the public limited company and issue shares to the public.