Kathmandu. Employees of Nepal Stock Exchange (NEPSE) have been on strike for the past 23 days over the dispute over bonus.

He has demanded the resignation of Hemant Basyal, Executive Chairman of NEPSE, and Chief Executive Officer (CEO) Chudamani Chapagain. The employees of NEPSE have also requested to search for the CEO saying that he has been out of contact for the last 23 days. Although the employees have been protesting, the service has been maintained.

Employees of NEPSE have been protesting against the non-compliance of the orders of the Labour Court and Labour Office regarding the bonus.

A writ petition has been filed at the Supreme Court regarding the bonus to be given to the employees as per the decision of the NEPSE Board of Directors. CEO Chapagain said that NEPSE Board of Directors has filed a writ petition at the Supreme Court seeking legal interpretation of the bonus. The petition filed on Tuesday is being heard today.

On September 18, NEPSE had sent a letter to the Labour Court asking it to go to the Supreme Court. The petition was not filed because the Supreme Court was not open due to the Jenji agitation. On October 21, the employees of NEPSE had reached the Labour Office for the implementation of the decision. It is said that after the decision was implemented by the Labour Office, the director went to the Supreme Court. The employees of NEPSE have been protesting after they did not get the bonus of Rs 100 million in four years.

5% bonus dispute in NEPSE: Employees have been on strike for 3 weeks after banning chairman and CEO, this is the court order (full text)

On September 22, NEPSE employees had detained the chairman and CEO of NEPSE for about 13 hours for not getting the 5 percent bonus share as per the order of the Labour Court. The employees who had locked the chairman and CEO in the office from 11 am to 10 pm on December 21 returned home with the help of police.

The employees have been demanding 5 percent bonus as per the verdict of the Labour Court on June 19, 2082. In the fiscal year 2076/77 BS, NEPSE employees have been receiving 5 percent bonus. The bonus is distributed with the approval of the Ministry of Finance.

The AGM of NEPSE had also endorsed the decision of the Board of Directors to distribute 5 percent bonus for the fiscal year 2079/80. Later, the Ministry of Finance had decided to distribute bonus of only 1 percent of the net profit for the fiscal year 2079/80. Since then, the employees have refused to take the bonus.

The employees are adamant that they should get 5 percent bonus, while the ministry does not want to increase it from 1 percent. The employees had gone to the Labour and Employment Office, Teku against the ministry’s decision. On November 27, 2081, the office decided against the employees of NEPSE. The employees then went to the Labour Court. The Labor Court ordered the Labor Office to pay 5 percent bonus for not implementing the decision.