Skip to main content

Reserved IPO for foreign employment

Reserved IPO for foreign employment; How we can apply IPO from Abroad

TIA


What is reserved IPO for FOREIGN EMPLOYMENT

Recently The Securities Board of Nepal (SEBON) has issue notices that, any foreign worker who possesses a valid work permit is eligible to apply for an initial public offering (IPO) for the 10% reserve.

This policy is only applicable to individuals who have been granted work permits by the Government of Nepal. 

It does not apply to individuals who travel outside of Nepal. For visas to study and other purposes, except visas to work. 

If Nepalese people living in golf countries send money home through the proper channels, they most possible benefits from this development.

how we can apply reserved foreign employment IPO from Abroad?

issued reserved IPO in the meroshare


Well, if you are working in gulf countries probably most of us came here only after taking work permit by government of Nepal श्रम, रोजगार तथा सामाजिक सुरक्षा मन्त्रालय.

we need to have following 3 things before apply:

  1. Valid work permit issued by government of Nepal.
  2. Remittance saving Account in any bank of Nepal.
  3. Demat, Meroshare.

You may have only work permit issued by government of Nepal, because you cannot come without this, other then this you can make online till to apply IPO.

Now, if you already have bank account in NEPAL you can contact to your bank and ask advise to change normal saving account to remittance saving account and follow the procedure else if don't have bank account you can create through online.

once you create bank account take services demat and meroshare with the same bank which you can apply through online as well. once everything done you can apply reserved share through meroshare application.


Not an affiliation but i like the services of ADBL bank, they will done everything that required with quick response.  


Labels:

Comments

Post a Comment

Popular posts from this blog

The Flag And Pennant Pattern

flagAndPennant The Flag And Pennant Pattern Flags and Pennants can be categorized as continuation patterns. They usually represent only brief pauses in a dynamic stock. They are typically seen right after a big, quick move. The stock then usually takes off again in the same direction. Here is a Typical Flags and Pennants Pattern: Bullish flags are characterized by lower tops and lower bottoms, with the pattern slanting against the trend. But unlike wedges, their trend lines run parallel. Bearish flags are comprised of higher tops and higher bott
Post a Comment
Read more

The Inverted Head and Shoulders Pattern

invertedheadAndShouldersPattern Inverted Head and Shoulders Pattern The inverted head and shoulders is typically seen in downtrends. invert of The Head and Shoulders Pattern. What's noteworthy about the inverted head and shoulders is the volume aspect. The Following is a Typical Trend of an Inverted Head and Shoulders Pattern The Formation of a Head and Shoulders Pattern The inverted left shoulder should be accompanied by an increase in volume. The inverted head should be made on lighter volume.
Post a Comment
Read more

Five sectoral indices closed green while NEPSE Index loosing 0.14%

 Five sector indices closed green while NEPSE Index loosing 0.14%;  The NEPSE index closed at 1,897.08 today after losing 2.62 points from the last trading day's closing.  This is a loss of 0.14%. The index lost 2.57 points yesterday. Nepse index 12-Dec-22 Five sector indices closed green; "Hotel and Tourism" gained the highest by 0.72%. Technical Analysis Technically Charts has not much changes although buyers are unable to beat sellers at buyers areas is not favorable sign for those who have bought.
Post a Comment
Read more