FNCCI expands Capital Market Forum

The Federation of Nepalese Chambers of Commerce & Industry (FNCCI) has extended the Capital Market Forum (CMF) formed under the leadership of its executive committee member Ambika Prasad Poudel.

The CMF has been formed with an objective to actively work on developing and extending the capital market, to regularise the market by effectively implementing the prevailing Act and to advise to progress with respect to time.

Former executive member of FNCCI, Ramsharan Thapaliya, has been elected vice-president of the forum. Likewise, former executive member of FNCCI NIrman Kumar Shrestha; president of Nepal Merchant Bankers' Association, Mekh Bahadur Thapa; chairperson of Secured Securities Limited, Santosh Mainali; chairperson at Crystal Kanchenjunga Securities Pvt Ltd, Priyaraj Regmi; Manager at Market Pandit Capital and Merchant Banking Ltd, Bishnu Prasad Basyal; Managing Director at Oral Advertising Agency, Rajan Lamsal and Manager at Green Hill City Pvt Ltd, Jyoti Dahal have been elected members of the forum.

Likewise, Chief Executive Officer (CEO) at NRN Infrastructure Limited Usha Khatiwada and Managing Director at Online Securities Pvt Ltd, Ananta Kumar Poudel have been elected invitee members for the CMF. Similarly, Executive Officer at Siddharth Capital, Dhruba Timalsina has been selected as advisor for the CMF while Kumar Keshar Bista has been elected as consultant.

FNCCI President Shekhar Golchha while handing over the official letter to the elected members stated, "The FNCCI can play an important role in making the capital market more reliable through the forum by promoting an institutionalised system and practising business in a fair manner." He said effort was put to form the forum as a contribution from FNCCI to the development of the capital market in the Nepal.

On the occasion, FNCCI Vice-president Arjun Shrestha and Employers' Council chair Ramchandra Shanghai expressed their hope that the forum would take the initiative to coordinate with bodies concerned to hold capital market awareness and informative programmes.