When does Sellers get Money Who Sell Share Before lockdown?
Kathmandu: The government on Thursday announced the decision of the cabinet meeting on April 29 and said that more time has been given to those who are yet to clear the shares. According to the decision of the Council of Ministers, there is time till mid-July to clear the accounts of the remaining shares and securities. To put it bluntly, share buyers are no longer obliged to pay as soon as Nepse opens. It is understood that it will be paid by mid-July.
According to CDSC, the shares that were traded two days before the lockdown are yet to be cleared. CDS spokesperson Suresh Neupane said, "The turnover of around Rs 200 million in the two days before the lockdown is yet to be cleared." Based on the CDS data, there is no significant amount left to clear.
But in these two days, the share turnover seems to have been around Rs 2.10 billion. 1.90 billion on Thursday and more than 194.6 million on Sunday. This decision of the government seemed to bring relief to the share buyers. But shouldn't the seller be hurt somewhere? Also, inquiries have started coming about how the seller got relief after not getting the money till mid-July.
Share market investors have begun to make various inquiries and comments about it through social media. Investors, who were expecting the government to provide huge relief to the stock market, did not seem to be satisfied. At the same time, concerns have been raised about its implementation. Investors are also confused.
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