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<p>According to OTC Market Operation Bylaws 2065, ownership transfer and trading of shares of companies should be carried out in the market. After the circular, public companies along with hundreds of other companies that are not listed in securities market are forced to trade in the OTC market. “Share owners need to pay capital gain tax while trading in OTC market which will increase government revenue,” mentions Timilsina, adding, “Trading in OTC market will result transparency.”</p>
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<p>According to OTC Market Operation Bylaws 2065, ownership transfer and trading of shares of companies should be carried out in the market. After the circular, public companies along with hundreds of other companies that are not listed in securities market are forced to trade in the OTC market. “Share owners need to pay capital gain tax while trading in OTC market which will increase government revenue,” mentions Timilsina, adding, “Trading in OTC market will result transparency.”</p>
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March 24: Trading of Maruti Cement Limited has taken place in Over the Counter (OTC) market for the first time. “On Monday, the company’s 693,200 unit shares were traded in the OTC market,” informs Narayan Prasad Timilsina, senior officer of OTC market. He adds, “Several other companies are also in the pipeline.”
Previously, trading of shares of the companies registered in the Company Registrar Office but not listed in securities market were carried out directly from Registrar Office as per decisions of board of directors of the companies. However, the Company Registrar Office issued a circular few weeks back regarding the ownership transfer of shares of such companies. As per the circular, ownership transfer and trading of shares of such companies was made mandatory to be transacted in the OTC market.
“Following the directive, Maruti company’s shares are traded in OTC market for the first time”, says Timilsina. Furthermore, he informs that Hathaway Investment Company and Global IME Bank have also initiated registration process in the market. “Other several companies are inquiring about it,” he adds.
According to OTC Market Operation Bylaws 2065, ownership transfer and trading of shares of companies should be carried out in the market. After the circular, public companies along with hundreds of other companies that are not listed in securities market are forced to trade in the OTC market. “Share owners need to pay capital gain tax while trading in OTC market which will increase government revenue,” mentions Timilsina, adding, “Trading in OTC market will result transparency.”
Transactions through OTC market are free of cost. Registration of the companies is also free in the OTC market. But in case of capital gain, capital gain tax is payable to the government. According to OTC market operation bylaws 7, natural person need to pay 5 percent tax, while corporate person need to pay 10 percent tax on capital gain. “Government is losing billion of revenue as public limited companies are not trading through OTC market,” says Timilsina.
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<p>According to OTC Market Operation Bylaws 2065, ownership transfer and trading of shares of companies should be carried out in the market. After the circular, public companies along with hundreds of other companies that are not listed in securities market are forced to trade in the OTC market. “Share owners need to pay capital gain tax while trading in OTC market which will increase government revenue,” mentions Timilsina, adding, “Trading in OTC market will result transparency.”</p>
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<p>Previously, trading of shares of the companies registered in the Company Registrar Office but not listed in securities market were carried out directly from Registrar Office as per decisions of board of directors of the companies. However, the Company Registrar Office issued a circular few weeks back regarding the ownership transfer of shares of such companies. As per the circular, ownership transfer and trading of shares of such companies was made mandatory to be transacted in the OTC market.</p>
<p>“Following the directive, Maruti company’s shares are traded in OTC market for the first time”, says Timilsina. Furthermore, he informs that Hathaway Investment Company and Global IME Bank have also initiated registration process in the market. “Other several companies are inquiring about it,” he adds.</p>
<p>According to OTC Market Operation Bylaws 2065, ownership transfer and trading of shares of companies should be carried out in the market. After the circular, public companies along with hundreds of other companies that are not listed in securities market are forced to trade in the OTC market. “Share owners need to pay capital gain tax while trading in OTC market which will increase government revenue,” mentions Timilsina, adding, “Trading in OTC market will result transparency.”</p>
<p>Transactions through OTC market are free of cost. Registration of the companies is also free in the OTC market. But in case of capital gain, capital gain tax is payable to the government. According to OTC market operation bylaws 7, natural person need to pay 5 percent tax, while corporate person need to pay 10 percent tax on capital gain. “Government is losing billion of revenue as public limited companies are not trading through OTC market,” says Timilsina.</p>
<p> </p>
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'summary' => 'March 24: Trading of Maruti Cement Limited has taken place in Over the Counter (OTC) market for the first time. “On Monday, the company’s 693,200 unit shares were traded in the OTC market,” informs Narayan Prasad Timilsina, senior officer of OTC market. He adds, “Several other companies are also in the pipeline.”',
'content' => '<p>March 24: Trading of Maruti Cement Limited has taken place in Over the Counter (OTC) market for the first time. “On Monday, the company’s 693,200 unit shares were traded in the OTC market,” informs Narayan Prasad Timilsina, senior officer of OTC market. He adds, “Several other companies are also in the pipeline.”</p>
<p>Previously, trading of shares of the companies registered in the Company Registrar Office but not listed in securities market were carried out directly from Registrar Office as per decisions of board of directors of the companies. However, the Company Registrar Office issued a circular few weeks back regarding the ownership transfer of shares of such companies. As per the circular, ownership transfer and trading of shares of such companies was made mandatory to be transacted in the OTC market.</p>
<p>“Following the directive, Maruti company’s shares are traded in OTC market for the first time”, says Timilsina. Furthermore, he informs that Hathaway Investment Company and Global IME Bank have also initiated registration process in the market. “Other several companies are inquiring about it,” he adds.</p>
<p>According to OTC Market Operation Bylaws 2065, ownership transfer and trading of shares of companies should be carried out in the market. After the circular, public companies along with hundreds of other companies that are not listed in securities market are forced to trade in the OTC market. “Share owners need to pay capital gain tax while trading in OTC market which will increase government revenue,” mentions Timilsina, adding, “Trading in OTC market will result transparency.”</p>
<p>Transactions through OTC market are free of cost. Registration of the companies is also free in the OTC market. But in case of capital gain, capital gain tax is payable to the government. According to OTC market operation bylaws 7, natural person need to pay 5 percent tax, while corporate person need to pay 10 percent tax on capital gain. “Government is losing billion of revenue as public limited companies are not trading through OTC market,” says Timilsina.</p>
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'summary' => 'March 24: Trading of Maruti Cement Limited has taken place in Over the Counter (OTC) market for the first time. “On Monday, the company’s 693,200 unit shares were traded in the OTC market,” informs Narayan Prasad Timilsina, senior officer of OTC market. He adds, “Several other companies are also in the pipeline.”',
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<p>Previously, trading of shares of the companies registered in the Company Registrar Office but not listed in securities market were carried out directly from Registrar Office as per decisions of board of directors of the companies. However, the Company Registrar Office issued a circular few weeks back regarding the ownership transfer of shares of such companies. As per the circular, ownership transfer and trading of shares of such companies was made mandatory to be transacted in the OTC market.</p>
<p>“Following the directive, Maruti company’s shares are traded in OTC market for the first time”, says Timilsina. Furthermore, he informs that Hathaway Investment Company and Global IME Bank have also initiated registration process in the market. “Other several companies are inquiring about it,” he adds.</p>
<p>According to OTC Market Operation Bylaws 2065, ownership transfer and trading of shares of companies should be carried out in the market. After the circular, public companies along with hundreds of other companies that are not listed in securities market are forced to trade in the OTC market. “Share owners need to pay capital gain tax while trading in OTC market which will increase government revenue,” mentions Timilsina, adding, “Trading in OTC market will result transparency.”</p>
<p>Transactions through OTC market are free of cost. Registration of the companies is also free in the OTC market. But in case of capital gain, capital gain tax is payable to the government. According to OTC market operation bylaws 7, natural person need to pay 5 percent tax, while corporate person need to pay 10 percent tax on capital gain. “Government is losing billion of revenue as public limited companies are not trading through OTC market,” says Timilsina.</p>
<p> </p>
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