Skip to content
|Loading...
Share Gyan home
EBook

NEPSE Suspends Beni Securities for Three Days Over Settlement Delay

The Nepal Stock Exchange (NEPSE) has suspended Beni Securities Pvt. Ltd. (Broker No. 93) for three working days after the brokerage firm failed to complete settlement and clearing procedures within the prescribed timeframe.

Published By Share Gyan
NEPSE Suspends Beni Securities for Three Days Over Settlement Delay

The Nepal Stock Exchange (NEPSE) has suspended Beni Securities Pvt. Ltd. (Broker No. 93), halting its share trading operations for three working days effective Wednesday, Bhadra 3, citing delays in completing the required settlement and clearing process within the stipulated deadline. The action was taken following a recommendation from CDS and Clearing Limited (CDSC), which reported that Beni Securities had failed to complete the settlement and clearing of securities within the prescribed timeframe. Based on the recommendation, NEPSE’s Supervision Department issued a notice on Wednesday confirming the suspension. The brokerage firm has been suspended for three working days in accordance with Regulation 22(1)(chha) of the Securities Trading Operation Regulations, 2075. During the suspension period, investors will not be able to buy or sell shares through Beni Securities. NEPSE has also notified the Securities Board of Nepal (SEBON), CDSC, and other concerned departments about the decision. Timely settlement of funds and securities is a crucial part of the stock market’s trading cycle, and delays by brokerage firms can disrupt the overall settlement mechanism. The suspension reflects the regulator’s move to enforce compliance and ensure timely completion of post-trade settlement obligations.

Related News

72 Listed Companies and Mutual Funds Announce Dividends; Unilever Nepal Leads with 1,540%

A total of 72 NEPSE-listed companies and mutual fund schemes have announced dividends for their shareholders and unit holders. Unilever Nepal leads with a 1,540% cash dividend, while Siddhartha Bank, Garima Bikas Bank, and Manjushree Finance top their respective financial sectors.

Pratap Subedi Assumes Office as New NEPSE CEO

Newly appointed Nepal Stock Exchange (NEPSE) Chief Executive Officer (CEO) Pratap Subedi officially assumed office on Friday after taking the oath of office and secrecy before the NEPSE Board of Directors.

NEPSE Edges Up 2.64 Points to Close at 2,655.22 as Turnover Reaches Rs. 3.46 Arba

The Nepal Stock Exchange (NEPSE) posted a marginal recovery of 2.64 points on Thursday, closing at 2,655.22 after declining 12.95 points in the previous session. Total turnover stood at Rs. 3.46 Arba, with Ghorahi Cement leading the turnover chart.

NEPSE Rebounds 6.62 Points After Previous Session’s Sharp Decline

The Nepal Stock Exchange (NEPSE) witnessed a slight recovery on Tuesday, gaining 6.62 points or 0.24% to close at 2,664.13. The market rebounded after declining by 32.65 points in the previous trading session.

NEPSE Plunges 32.65 Points to Close at 2,657.50; Turnover Reaches Rs. 7.18 Arba

The Nepal Stock Exchange (NEPSE) declined by 32.65 points or 1.21% to close at 2,657.50 on Wednesday. Total turnover reached Rs. 7.18 arba, with Ghalemdi Hydro leading the turnover chart and Beni Hydropower emerging as the top gainer.

Ransomware Attack Exposes Major Cybersecurity Weaknesses in Nepal’s Stock Market

A ransomware attack on private data center Data Hub has exposed serious cybersecurity vulnerabilities in Nepal’s capital market, raising concerns over the safety of investors' data and trading systems. The incident revealed the risks of 72 broker companies relying on a single service provider and highlighted concerns over NEPSE's proposed cybersecurity improvements.