Kathmandu. Kathmandu. KATHMANDU: Employees of the Securities Board of Nepal (SEBON) have accused the government of raising questions on the validity of the rules, directives and working procedures approved by the Board of Directors. The employees of the Board said that the government has interfered in the regulations framed by the government within the jurisdiction guaranteed by the Securities Act, 2063 and the procedures issued by the Board of Directors within the scope of these regulations.
} The Government of Nepal has written a letter to the Ministry of Finance (Revenue Secretary) to scrap the decision, demanding an end to this kind of confusion as soon as possible as a situation has arisen in all the rules, directives and procedures approved by the Board of Directors. He also drew the attention of the Chairman and Board of Directors to create an environment for employees to work with high morale.
The Securities Board of Nepal (SEBON) is one of the three pillars of Nepal’s financial sector.TAG_OPEN_div_13 The Board established pursuant to the Securities Act, 2063 BS provides that it shall be a self-governed and corporate body with continuous succession. Its employees are working on the board under Section 19 of the Act. The employees are responsible for implementing the decisions made by the Board of Directors as per Section 3 of the Act.
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