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Thu, March 28, 2024

Newly appointed SEBON Chair Hamal sworn in

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KATHMANDU: Finance Minister Janardan Sharma administered the oath of office and secrecy to the newly appointed chairperson of the Securities Board of Nepal (SEBON), Ramesh Kumar Hamal. On the occasion, Minister Sharma urged Hamal to work independently without being influenced by anyone for the betterment of the capital market. He also said the inter-relation between the SEBON and Nepal Stock Exchange (NEPSE) needs to be strengthened as a role of the regulator in practice. Minister Sharma also wished success to the newly appointed chairperson of SEBON. Responding to the Finance Minister, Hamal said that he would use his skills to the fullest to improve SEBON and the capital market. He also sought continuous support from all quarters stating that everyone's support is necessary. Hamal was appointed as chairperson of SEBON after its immediate past chairperson, Bhishma Raj Dhungana, was found guilty of the share purchase scam. A selection committee headed by National Planning Commission Vice-Chairman Biswo Nath Poudel had recommended Hamal as the chairperson of SEBON on Monday. As per the recommendation, the cabinet meeting held on February 17 appointed him as SEBON chairperson. Prior to this, Hamal had worked for Nepal Electricity Authority for nine years. He has also experience in leading various organisations and companies. READ ALSO:
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