. Employees of the Securities Board of Nepal have been on strike for the past 20 days. When the employees are on strike, the service recipients are in action. Due to the agitation, regular work has not been done in the board.

The bonus shares of the company have not been listed. Similarly, the issuance of ordinary shares, right shares, additional public offerings (FPOs), bonds and mutual funds have been halted. Currently, the board has stopped the public issuance of Rs 80.64 billion including IPOs, FPOs, right shares, debentures and mutual funds.

These include IPOs worth Rs 54.15 billion, FPOs worth Rs 228.66 million, right shares worth Rs 5.70 billion, bonds worth Rs 11.26 billion and FPOs worth Rs 9.30 billion. Some of the companies in the pipeline were in the process of issuing shares. That’s all stopped.

By showing the letter of the Audit Committee, the IPO issuance of iDroppower and others was stopped for 2 years and started some time ago. The shares, which were stopped due to the employees’ agitation, are likely to be issued to the public at the same time. The agitating employees had also stopped their registration. As a result, the bonus shares have not been registered.

Due to the agitation, the dispute of the International Security Identification Number ‘iJIN’, which has been in dispute for a long time, has not been resolved. The CDSC has passed the ‘Securities Dematerialization Work Operation Directive-2082’ and sent it to the Securities Board of Nepal (SEBON) for approval. The meeting could not be approved due to the agitation in the board. Other bylaws and procedures that have gone for approval from CDSC and NEPSE are also in limbo.

Meanwhile, the Finance Ministry has directed the Board to implement the suggestions taken by the Capital Market Reform Suggestion Task Force. The directive has not been implemented.

According to sources, the registration process has been opened even in the midst of agitation for the past few days. The employees of the board have been protesting against the decision of the Ministry of Finance for the last 20 days. All the employees of the board have been agitated due to the letter sent by the Ministry of Finance on September 2. Due to the agitation of the employees, no work of the service recipients has been done in the board for the last 20 days. Employees are coming to the office and staging a sit-in at the main gate during office hours.

The employees have been demanding to maintain the autonomy of the board, scrap the curtailment of the facilities and facilities that the employees have been enjoying legally, revoke the illegal order, stop the psychological terror of the employees and ensure an environment to reduce the fear without fear.

The decision of the Revenue Secretary on September 31 has led to the reduction of the services and perks of the employees, and the benefits of the previous employees should also be returned. After that, the employees went on strike.

The agitating employees have urged the party leadership to resolve the problem on time. Otherwise, they have shouted slogans demanding his resignation. The agitating employees have also demanded that the letter sent by the ministry be revoked.