The problem seen in Meroshare operated by CDS & Clearing Limited has not been resolved yet. Meroshare has had frequent login problems. However, now that there is a problem of not opening Meroshare app, the general investors are in trouble.
According to Purna Prasad Acharya, Chief Executive Officer of CDS and Clearing Limited, two servers have been added to solve Meroshare problem. However, the grief of the general investors has not abated. Although more than 3.2 million stock market investors have been affected for a long time, the responsible bodies have not shown the necessary interest. As the server is stalling, it still takes time for the server to verify the data, says software vendor F1Soft, CEO Acharya.
A broker company has said that due to the problem in Meroshare for a week, the shares could not be matched without verification and EDIS of the shares sold in the stock market. Investors who want to apply for the purchase of ordinary shares of Ruru Hydropower Limited, which has been open since Friday, April 6, have been suffering since this morning. Due to a problem with Meroshare, its users are frustrated with not being able to apply. The results of the IPO of Jyoti Life Insurance were made public a week late due to a problem with Meroshare.
Similarly, the distribution of IPO of Singti Hydropower Company has been postponed for a week. Although Ruru is going to issue an IPO this week, it has been postponed, but it is said that the problem of Meroshare has pushed it to the brink.
Although CDS and Clearing Limited blamed the software developer, there was no technical problem, said Subash Sapkota, Chief Executive Officer of F1Soft, to EconomicNews. Giving an example to make it clear that there is no weakness on his part, he said, ‘Can a car manufacturing company be blamed for a car accident? Is it possible to lodge a complaint with a car manufacturing company? This is what happened to my share. We have improved the system, but the operating technology and materials have deteriorated. ‘
Sapkota clarified that such a problem was seen mainly because CDS and Clearing Limited did not prepare the necessary infrastructure. He said, “2 million IPOs are filed in Nepal at a time and everyone tries to see the results at once. And how to use the technology in Nepal. ‘