Kathmandu. Due to the letter sent by the Ministry of Finance on September 2, all the employees of the Securities Board of Nepal have been agitated together. The agitating employees have also affected the functioning of the board today.

One of the employees said that they were compelled to resort to protest after the decision of the revenue secretary level on September 14 to reduce the perks of the employees and return the facilities provided to the previous employees.

The agitating employees have taken control of the vehicles of the board’s chairman Santosh Narayan Shrestha, all executive directors and other high-ranking officials. They have also urged the leadership to resolve the problem on time. Otherwise, they have been demanding his resignation from the post.

The agitating employees have also demanded that the letter sent by the ministry be revoked.

The Ministry has issued a three-point directive regarding the Employees Welfare Fund and Employees Security Fund operated by the Board as per the decision of September 14 (Revenue Secretary level). The Securities Board Employees Welfare Fund Procedure, 2071 and Securities Board Employees Welfare Fund Procedure, 2068 BS issued against Section 22, Section 116 of the Legislation Act, 2081, Government of Nepal (Division of Work) Regulations, 2074 and Regulation 167 of the Securities Board Employees Service and Conditions Regulations, 2068. 2075 is to be repealed immediately.

Similarly, the government will immediately initiate the process to recover the amount paid from the fund in the past as government dues on the basis of the procedures made against the prevailing law. Similarly, the consent of the Ministry of Finance is mandatory before taking any decision on any financial liability.