Nepal Securities Board Employees’ Protest Reaches 23rd Day

The protest by employees of the Nepal Securities Board (SEBON) has entered its 23rd consecutive day. The employees have been demonstrating against the directive issued by the Ministry of Finance, demanding that it be withdrawn immediately.

The protesting staff have been staging a sit-in for one hour every morning and observing a pen-down strike throughout the day, halting all official operations. Due to the ongoing protest, all administrative tasks and the approval process for new share issuances have been completely obstructed.

The Ministry of Finance had instructed SEBON to repeal the “Employee Welfare Fund Procedure, 2071” and the “Employee Security Fund (Operation and Management) Procedure, 2075”. It also ordered the board to recover payments made from these funds in the past as government dues.

The employees have condemned the directive as illegal and a violation of their rights, claiming it was issued without proper consultation or legal basis. They have warned that the protest will continue until the Ministry withdraws the directive.