Kathmandu. KATHMANDU: The Securities Board of Nepal (SEBON) is set to review the limit for the issuance of shares and the limit of share allotment.

SEBON has made this provision in its policy and program for the upcoming fiscal year.

The Board has stated that it is going to adopt the policy to make the public issue of the corporate bodies more transparent and systematic.

According to the board, this will improve the primary market.

Likewise, provisions would be made regarding the entry of institutional investors in the initial public offering and the financial details would be reviewed and scrutinized by external experts if necessary.

Likewise, the government has also made an arrangement to increase the number of shareholders of a corporate organization after applying to the Board for the initial public offering and the public issue can be done only after the expiry of the specified period in case of new shareholders being added.