Ministry of Finance has started the process of appointing Securities Board Chairman: Here are the required qualifications

The Government of Nepal, the Ministry of Finance has invited formal applications through the recommendation committee formed to recommend names for the vacant post of chairman of the Nepal Securities Board. According to this notice published on 15th Baisakh, 2083, Nepalese citizens who are interested and eligible to take the leadership of the board must submit their personal details to the Financial Sector Management and Institutional Coordination Division of the Ministry of Finance at Sindhwar within 7 days from the date of publication of the notice, i.e. on 21st Baisakh, 2083.

Mandatory qualifications and experience Based on Sections 7 and 10 of the Securities Act, 2063, strict criteria have been laid down for the post of Chairman. It is mandatory for the applicant to have at least a master's degree from a recognized university. In addition to educational background, specific experience in the relevant field is also sought. In particular, there is a provision to be a distinguished person who has worked in the field of securities market management, capital market development, economy, finance, commerce, management or law for at least seven years.

Age limit and other qualifications Regarding the age of the candidate, the criteria for the appointment and nomination of officials and members of the public bodies affiliated to the Ministry of Finance, 2073 is considered as the basis. According to which the age of the applicant should be 30 years and not more than 65 years. In addition, the candidate should have high moral character and should be a citizen of Nepal. Conditions of disqualification Persons with any legal dispute are excluded from this process. Persons convicted of corruption, money laundering, human trafficking, drug dealing, antiquities or protected wildlife offenses or other criminal offenses of moral turpitude are not eligible to apply. Likewise, persons who have been blacklisted and released for less than three years, who are mentally unstable, who have obtained a permanent residence permit in a foreign country, and who are involved in any contract or lease of a public body, will also be considered ineligible.

Required documents and procedures Interested applicants should submit personal details, copy of Nepalese citizenship certificate, educational qualification certificates and documents proving professional experience along with their application. Also, it is mandatory to fill the self-declaration form in the prescribed format available on the official website of the Ministry of Finance. In this self-declaration, the applicant should clarify the details such as that he is not a member of any political party, has no personal interest with the board and has not been working in an organization licensed by the board for the past one year.

The Recommendation Committee reserves the right to shortlist only those candidates it deems suitable from among the applications received. If someone is found to have submitted a false statement or document, such statement will be canceled and action will be taken according to the prevailing law, the notification also mentions. For more information, the Financial Sector Management Division of the Ministry can be contacted directly or through telephone number zero one four two one one three eight three.