Kathmandu, June 12 -- Some listed company promoters and directors in Nepal are increasingly resigning from their positions and selling shares, taking advantage of what experts describe as a legal loophole.

Under current regulations, individuals holding board or senior management positions in listed companies are prohibited from selling shares during their tenure and for one year after leaving office. This rule has led some insiders to step down strategically so they can exit through share sales once the restriction period ends.

A Securities Board of Nepal (Sebon) official said the trend has recently increased. "Some directors have been systematically resigning from their positions," the official said. "Some have even lobbied Sebon to ap...