Kathmandu, Sept. 23 -- The Independent Power Producers' Association of Nepal (IPPAN), which represents independent power producers, has objected to several provisions in draft rules prepared by the Securities Board of Nepal (SEBON) that would change the requirements for companies seeking to issue shares to the public.

IPPAN has called for the proposed provisions to be revised to reflect the nature of hydropower projects and their heavy capital requirements.

SEBON published the draft 'General Eligibility Guidelines for Public Issuance, 2026' for stakeholder feedback as part of the Capital Market Strengthening and Revitalisation Action Plan, 2026, issued by the Finance Ministry on September 14.

The proposed directive sets out general and...