Kathmandu. KATHMANDU: The Securities Board of Nepal (SEBON) has amended the securities issue and allotment directives for the tenth time.  The board has made it mandatory for the company to pay the tax on the bonus.

Earlier, if any company distributed only bonus shares, the investors themselves had to pay cash as tax to receive the bonus. Due to this arrangement, investors had to queue up at the bank to pay a small amount. As a result, investors have been demanding to amend this provision.

“All the organizations registered with the board will have to make arrangements to pay the dividend tax levied while distributing bonus shares to the shareholders. The guidelines state.

SEBON has formulated the guidelines in exercise of the powers given by Section 118 of the Securities Act, 2006. Sub-section (7) is added to Section 40 of the Securities Issue and Allotment Directive, 2074: The following Sub-section (7) is added to Section 40 of the Securities Issue and Allotment Directive, 2074. The board’s directive states.