Kathmandu. Priya Raj Regmi, former president of the Nepal Brokers Association of Nepal, has said that the free suggestion will not improve the stock market. He said this during a discussion on the stock market in the meeting of the Finance Committee.

He said that social media is not regulated but it has created problems. He claims that giving free counseling has spoiled the market.

He suggested the government to increase the role of qualified institutional investors in the coming days. “For a long time, it was said that institutional investors should be made the drivers of the market and protect individual investors,” he said, “But we have restricted the institutional investors and are preventing them from entering.” He believes that tax is a barrier for this.

“It is enough to pay 3.75 percent tax for individual transactions,” he said, adding, “There is a dispute whether the annual tax of institutional investors is 25 percent or 30 percent.” He said that this should be reduced. He believes that if you have to pay 5 percent tax for individual transactions, it will not come after paying 25 percent or 30 percent for institutional business.

He believes that there will be problems in the market run by individual investors and there will be noise. He suggested that the founders should keep 30 percent of the money raised from the IPO, see where the money raised from the IPO has been invested, whether it has been invested in the right place or not.

At the time of bringing shares, who was allowed to bring the IPO? He also said that it should be seen how much ownership it has.