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Government Forms Committee to Select New Chairman of SEBON

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Government Forms Committee to Select New Chairman of SEBON
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November 7: The government has formed a three-member committee to select the chairman of the Securities Board of Nepal (SEBON), which has been lying vacant since October 17.

The committee under the coordination of National Planning Commission Member DrRam Kumar Phuyal was formed on Wednesday (November 6) after the Council of Ministers on Tuesday instructed the NPC to select SEBON’s chair in coordination with the finance minstry.

Revenue secretary at the Ministry of Finance, Sishir Dhungana, and an independent expert – Krishna Acharya – are the other members of the committee.

The post is lying vacant after the term of the then chairman Rewat Bahadur Karki expired on October 17.

A member of the committee told New Business Age that they will select a capable, experienced and dynamic person who can handle the responsibilities of SEBON.

However, the committee is yet to decide whether to call a public notice or adopt other process to select the new chairman.

SEBON’s officials, former executive directors of Nepal Rastra Bank and former chairpersons of ICAN are lobbying for the post. SEBON’s Executive Director Niraj Giri, who has been working with SEBON since the last 23 years is likely to vie for the post.

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