Kathmandu – A letter sent by the Ministry of Finance has triggered unrest at the Nepal Securities Board (SEBON), leading employees to stage a protest and lock the office.

The ministry instructed SEBON to recover all funds disbursed through procedures deemed unlawful and to treat the amounts as government dues. Following this directive, employees launched an agitation, shutting down the office in defiance.

The letter, sent on Ashwin 2, directed enforcement of a Revenue Secretary–level decision regarding SEBON’s Employee Welfare Fund and Employee Security Fund. It further ordered the immediate annulment of the working procedures governing these funds, citing violations of multiple laws including the Securities Act 2006, Legislative Act 2004, Government of Nepal (Allocation of Business) Rules 2017, and SEBON Employee Service Rules 2011.

The ministry also directed SEBON to begin recovery of past payments made under these unlawful procedures and instructed that any future financial decisions must first secure prior approval from the Ministry of Finance.