Kathmandu. The National Independent Party (NIP) has decided to protest against the government’s policy corruption. It has decided to protest against the government’s illegal issuance of new stock licenses, bypassing the parliament and the court.
Decision No. 5 of the NIP parliamentary party meeting held on Wednesday mentioned that it would protest against the government’s decision regarding the issuance of new stocks. Decision No. 5 states, ‘Since the government’s decision to issue new stock licenses was not to promote a competitive market but without restructuring the existing NEPSE, it was decided to protest in the House, expressing its objection to the fact that the new stock exchange was agreed upon in principle but was at the whim of individuals and vested interests.’
2 NIP parliamentarians Dr. Swarnim Wagle and Birajbhakta Shrestha had written a ‘note of dissent’ in the Finance Committee. The Rashtriya Swayamsevak Sangh (RSS) has been saying that the issue of issuing new stock licenses is to feed the middlemen. Birajbhakta Shrestha, deputy leader of the Rashtriya Swayamsevak Sangh (RSS) parliamentary party, has said that the government has shown a naked dance on the issue of new stock licenses.
In a conversation with Singha Durbar on Tuesday, the deputy leader of the parliamentary party, Shrestha, said, “We are clear on the issue of new stock. That is why we have put a ‘note of dissent’ in the parliamentary committee. If we look at it this way, the government has shown a naked dance. There are also issues where the government has collapsed and this government has been formed due to irregularities in the process of new stock. It is like a conspiracy. Again, the general public is watching this. On this issue, we have economist Dr. Since Swarnim Wagle is the one, he has also put things on this subject.
What is political corruption? This is what it is. If you look at this question, there are also things from the Parliament Court. A case has been filed in the Constitutional Bench of the Supreme Court. Preparations are being made to issue licenses by conspiring. An attempt has been made to issue licenses using powers not granted by the law. An attempt has been made to issue licenses by making guidelines not granted by the law. This is a complete disregard for the rule of law.
This is to feed a limited number of people, and it seems that the middleman is becoming institutionalized. Its rule of law is more about commissions than the political system. Complaints have been filed from place to place. This is not a complaint filed for a small, random matter. This has been from the Constitutional Bench to the Authority.
If you look at their past, they have ruled for about 35 years. What is strange this time is that they have been running the government in turn and sitting in one place. From a theoretical point of view, two parties are not in one place. Ideological competitors of each other have been running the government in one place.”
A case has been filed in the Constitutional Bench of the Supreme Court alleging that the process of granting licenses for the new stock exchange is not in accordance with the law. Law student Krishna Bahadur Thapa filed the case on Poush 23, alleging that there was a legal error in distributing the new stock licenses. The next hearing of the case with registration number 081-wc-0035 has been scheduled for Falgun 21.
When the first hearing was scheduled for Magh 9, the hearing could not be held due to lack of time. Now, the writ petition is being heard on Falgun 21 in a bench headed by Chief Justice Prakash Man Singh Raut of the Supreme Court. The senior-most judges in the constitutional bench headed by the Chief Justice are Sapana Pradhan Malla, Kumar Regmi, Dr. Manoj Kumar Sharma and Dr. Kumar Chudal is present.
It seems that the licensing process is being moved forward while the case is still under consideration in the Constitutional Bench led by the Chief Justice.
The writ petition states that the Nepal Securities Board is trying to establish a corporate body to operate the securities market by misinterpreting Section 118 of the Securities Act, 2063. The hearing of this case has been fixed for Falgun 21.
The writ claims that the board has issued the ‘Directive on Providing Recommendations by the Board to Establish a Corporate Body to Operate the Securities Market, 2079’, using its power not provided by law. The directive is in conflict with Section 118 of the Securities Act, 2063, and therefore, the directive, 2079, regarding the provision of recommendations by the board to establish a corporate body for the operation of the securities market has been demanded to be revoked.
On this matter, on 1 Poush 2081, activist Rajan Sharma Parajuli, on behalf of the Youth Campaign against Corruption, has registered a complaint with the Commission for the Investigation of Abuse of Authority. The complaint number with the Commission is c-035384/2081/09. Complainant Sharma has claimed to have presented the basis and some facts about how a five billion rupee commission game is being played in the new stock exchange license case.
This is the decision of the RSVP
प्रतिक्रिया दिनुहोस्