Securities and Exchange Board of Nepal (SEB) employees are on strike for the 43rd day today, alleging that the Ministry of Finance has cut the services and facilities they have been enjoying.
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A meeting of the Securities and Exchange Board of Nepal (SEBON) board of directors is scheduled to be held at the Ministry of Finance today after employees blocked entry to the office demanding the resignation of chairman Santosh Narayan Shrestha. Chairman Shrestha informed that the board of directors meeting has been called at the ministry itself at 4 pm today as it is not possible to go to the office.
He said, "Since last Sunday, employees have been blocking my entry into the office, demanding my resignation. Because of that, I have called a meeting of the board of directors at the Ministry of Finance today."
The employees of the Securities and Exchange Board of Nepal (SEB) are on strike for the 43rd day today, saying that the Ministry of Finance has reduced the services and facilities they have been enjoying. The employees had started the strike on Asoj 7. Since then, no work has been done at the SEB.
Despite the strike, the employees had allowed the chairman and other directors to enter the office until last week. The employees have been blocking the entry into the office, demanding the chairman's resignation since last Sunday, saying that he did not play any role in resolving the problem.
The secretary-level decision of the Ministry of Finance on Bhadra 13 had decided to immediately revoke the Securities and Exchange Board of Nepal (SEB) Employee Welfare Fund Procedure, 2071 and the Employee Security Fund (Operation and Management) Procedure, 2075. The ministry has stated that the aforementioned procedure was revoked on the grounds that it was issued in violation of Rule 167 of the Nepal Securities and Exchange Board of Nepal (NESB) Employee Service, Conditions and Regulations, 2068.
Similarly, the Ministry of Finance has also decided to immediately start the process of recovering the amount paid from the fund in the past from the concerned person as government dues based on the procedures made contrary to the prevailing law. The Ministry has also directed to implement the provision that it is mandatory to obtain the consent of the Ministry of Finance before making any decision on financial obligations in the future.
