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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> “Today’s meeting has proposed the date of AGM which will be decided by the executive committee meeting,” said Chandra Prasad Dhakal, vice president (associate) of FNCCI. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Holding the AGM has become a matter of contention between the different factions within the largest private sector body. Some of its senior members are against organising AGM at the moment citing the risks due to the spread of coronavirus while some have been piling pressure on the organisation’s leadership to hold the event by June. FNCCI President Bhawani Rana had proposed not to hold the AGM for the next couple of months. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the statute of FNCCI, the AGM should have been organised within mid-April. The AGM was scheduled for April 10-11, which was postponed to May 20-21 due to the lockdown. There is a provision in the federation’s statute that the event can be held after three months in exceptional circumstances. However, FNCCI leaders say that AGM can be held in August by finding necessary legal alternatives. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A faction within FNCCI led by past president and Distinguished Member Chandi Raj Dhakal, Vice President (Associate) Chandra Prasad Dhakal, Vice President (Commodity) Umesh Lal Shrestha and Treasurer Nirak Kc has been pressuring to hold AGM immediately. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The upcoming AGM will elect a new executive committee for three-year tenure. As per the organisation’s statute, the senior vice president will automatically become the president, according to which, the current Senior Vice President Shekhar Golchha will be the President from the upcoming AGM. Vice presidents Chandra Dhakal and Kishor Pradhan have already announced their candidacies for the post of senior vice president. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> “Today’s meeting has proposed the date of AGM which will be decided by the executive committee meeting,” said Chandra Prasad Dhakal, vice president (associate) of FNCCI. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Holding the AGM has become a matter of contention between the different factions within the largest private sector body. Some of its senior members are against organising AGM at the moment citing the risks due to the spread of coronavirus while some have been piling pressure on the organisation’s leadership to hold the event by June. FNCCI President Bhawani Rana had proposed not to hold the AGM for the next couple of months. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the statute of FNCCI, the AGM should have been organised within mid-April. The AGM was scheduled for April 10-11, which was postponed to May 20-21 due to the lockdown. There is a provision in the federation’s statute that the event can be held after three months in exceptional circumstances. However, FNCCI leaders say that AGM can be held in August by finding necessary legal alternatives. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A faction within FNCCI led by past president and Distinguished Member Chandi Raj Dhakal, Vice President (Associate) Chandra Prasad Dhakal, Vice President (Commodity) Umesh Lal Shrestha and Treasurer Nirak Kc has been pressuring to hold AGM immediately. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The upcoming AGM will elect a new executive committee for three-year tenure. As per the organisation’s statute, the senior vice president will automatically become the president, according to which, the current Senior Vice President Shekhar Golchha will be the President from the upcoming AGM. Vice presidents Chandra Dhakal and Kishor Pradhan have already announced their candidacies for the post of senior vice president. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Holding the AGM has become a matter of contention between the different factions within the largest private sector body. Some of its senior members are against organising AGM at the moment citing the risks due to the spread of coronavirus while some have been piling pressure on the organisation’s leadership to hold the event by June. FNCCI President Bhawani Rana had proposed not to hold the AGM for the next couple of months. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the statute of FNCCI, the AGM should have been organised within mid-April. The AGM was scheduled for April 10-11, which was postponed to May 20-21 due to the lockdown. There is a provision in the federation’s statute that the event can be held after three months in exceptional circumstances. However, FNCCI leaders say that AGM can be held in August by finding necessary legal alternatives. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A faction within FNCCI led by past president and Distinguished Member Chandi Raj Dhakal, Vice President (Associate) Chandra Prasad Dhakal, Vice President (Commodity) Umesh Lal Shrestha and Treasurer Nirak Kc has been pressuring to hold AGM immediately. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Holding the AGM has become a matter of contention between the different factions within the largest private sector body. Some of its senior members are against organising AGM at the moment citing the risks due to the spread of coronavirus while some have been piling pressure on the organisation’s leadership to hold the event by June. FNCCI President Bhawani Rana had proposed not to hold the AGM for the next couple of months. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the statute of FNCCI, the AGM should have been organised within mid-April. The AGM was scheduled for April 10-11, which was postponed to May 20-21 due to the lockdown. There is a provision in the federation’s statute that the event can be held after three months in exceptional circumstances. However, FNCCI leaders say that AGM can be held in August by finding necessary legal alternatives. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A faction within FNCCI led by past president and Distinguished Member Chandi Raj Dhakal, Vice President (Associate) Chandra Prasad Dhakal, Vice President (Commodity) Umesh Lal Shrestha and Treasurer Nirak Kc has been pressuring to hold AGM immediately. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> “Today’s meeting has proposed the date of AGM which will be decided by the executive committee meeting,” said Chandra Prasad Dhakal, vice president (associate) of FNCCI. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Holding the AGM has become a matter of contention between the different factions within the largest private sector body. Some of its senior members are against organising AGM at the moment citing the risks due to the spread of coronavirus while some have been piling pressure on the organisation’s leadership to hold the event by June. FNCCI President Bhawani Rana had proposed not to hold the AGM for the next couple of months. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the statute of FNCCI, the AGM should have been organised within mid-April. The AGM was scheduled for April 10-11, which was postponed to May 20-21 due to the lockdown. There is a provision in the federation’s statute that the event can be held after three months in exceptional circumstances. However, FNCCI leaders say that AGM can be held in August by finding necessary legal alternatives. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A faction within FNCCI led by past president and Distinguished Member Chandi Raj Dhakal, Vice President (Associate) Chandra Prasad Dhakal, Vice President (Commodity) Umesh Lal Shrestha and Treasurer Nirak Kc has been pressuring to hold AGM immediately. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The upcoming AGM will elect a new executive committee for three-year tenure. As per the organisation’s statute, the senior vice president will automatically become the president, according to which, the current Senior Vice President Shekhar Golchha will be the President from the upcoming AGM. Vice presidents Chandra Dhakal and Kishor Pradhan have already announced their candidacies for the post of senior vice president. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Holding the AGM has become a matter of contention between the different factions within the largest private sector body. Some of its senior members are against organising AGM at the moment citing the risks due to the spread of coronavirus while some have been piling pressure on the organisation’s leadership to hold the event by June. FNCCI President Bhawani Rana had proposed not to hold the AGM for the next couple of months. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the statute of FNCCI, the AGM should have been organised within mid-April. The AGM was scheduled for April 10-11, which was postponed to May 20-21 due to the lockdown. There is a provision in the federation’s statute that the event can be held after three months in exceptional circumstances. However, FNCCI leaders say that AGM can be held in August by finding necessary legal alternatives. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A faction within FNCCI led by past president and Distinguished Member Chandi Raj Dhakal, Vice President (Associate) Chandra Prasad Dhakal, Vice President (Commodity) Umesh Lal Shrestha and Treasurer Nirak Kc has been pressuring to hold AGM immediately. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A faction within FNCCI led by past president and Distinguished Member Chandi Raj Dhakal, Vice President (Associate) Chandra Prasad Dhakal, Vice President (Commodity) Umesh Lal Shrestha and Treasurer Nirak Kc has been pressuring to hold AGM immediately. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> “Today’s meeting has proposed the date of AGM which will be decided by the executive committee meeting,” said Chandra Prasad Dhakal, vice president (associate) of FNCCI. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Holding the AGM has become a matter of contention between the different factions within the largest private sector body. Some of its senior members are against organising AGM at the moment citing the risks due to the spread of coronavirus while some have been piling pressure on the organisation’s leadership to hold the event by June. FNCCI President Bhawani Rana had proposed not to hold the AGM for the next couple of months. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A faction within FNCCI led by past president and Distinguished Member Chandi Raj Dhakal, Vice President (Associate) Chandra Prasad Dhakal, Vice President (Commodity) Umesh Lal Shrestha and Treasurer Nirak Kc has been pressuring to hold AGM immediately. </span></span></span></span></p>
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June 22: The 54th Annual general Meeting of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), which was postponed twice due to disturbances created by Covid-19 pandemic, has been proposed for the second week of August. The new date was proposed during a meeting of FNCCI office bearers held on Sunday. If the proposal is approved by the executive committee meeting of the apex body of Nepali private sector scheduled for today, the AGM will be held on August 9 and 10 in Kathmandu.
“Today’s meeting has proposed the date of AGM which will be decided by the executive committee meeting,” said Chandra Prasad Dhakal, vice president (associate) of FNCCI.
Holding the AGM has become a matter of contention between the different factions within the largest private sector body. Some of its senior members are against organising AGM at the moment citing the risks due to the spread of coronavirus while some have been piling pressure on the organisation’s leadership to hold the event by June. FNCCI President Bhawani Rana had proposed not to hold the AGM for the next couple of months.
As per the statute of FNCCI, the AGM should have been organised within mid-April. The AGM was scheduled for April 10-11, which was postponed to May 20-21 due to the lockdown. There is a provision in the federation’s statute that the event can be held after three months in exceptional circumstances. However, FNCCI leaders say that AGM can be held in August by finding necessary legal alternatives.
A faction within FNCCI led by past president and Distinguished Member Chandi Raj Dhakal, Vice President (Associate) Chandra Prasad Dhakal, Vice President (Commodity) Umesh Lal Shrestha and Treasurer Nirak Kc has been pressuring to hold AGM immediately.
The upcoming AGM will elect a new executive committee for three-year tenure. As per the organisation’s statute, the senior vice president will automatically become the president, according to which, the current Senior Vice President Shekhar Golchha will be the President from the upcoming AGM. Vice presidents Chandra Dhakal and Kishor Pradhan have already announced their candidacies for the post of senior vice president.
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> “Today’s meeting has proposed the date of AGM which will be decided by the executive committee meeting,” said Chandra Prasad Dhakal, vice president (associate) of FNCCI. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Holding the AGM has become a matter of contention between the different factions within the largest private sector body. Some of its senior members are against organising AGM at the moment citing the risks due to the spread of coronavirus while some have been piling pressure on the organisation’s leadership to hold the event by June. FNCCI President Bhawani Rana had proposed not to hold the AGM for the next couple of months. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the statute of FNCCI, the AGM should have been organised within mid-April. The AGM was scheduled for April 10-11, which was postponed to May 20-21 due to the lockdown. There is a provision in the federation’s statute that the event can be held after three months in exceptional circumstances. However, FNCCI leaders say that AGM can be held in August by finding necessary legal alternatives. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A faction within FNCCI led by past president and Distinguished Member Chandi Raj Dhakal, Vice President (Associate) Chandra Prasad Dhakal, Vice President (Commodity) Umesh Lal Shrestha and Treasurer Nirak Kc has been pressuring to hold AGM immediately. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The upcoming AGM will elect a new executive committee for three-year tenure. As per the organisation’s statute, the senior vice president will automatically become the president, according to which, the current Senior Vice President Shekhar Golchha will be the President from the upcoming AGM. Vice presidents Chandra Dhakal and Kishor Pradhan have already announced their candidacies for the post of senior vice president. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> “Today’s meeting has proposed the date of AGM which will be decided by the executive committee meeting,” said Chandra Prasad Dhakal, vice president (associate) of FNCCI. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Holding the AGM has become a matter of contention between the different factions within the largest private sector body. Some of its senior members are against organising AGM at the moment citing the risks due to the spread of coronavirus while some have been piling pressure on the organisation’s leadership to hold the event by June. FNCCI President Bhawani Rana had proposed not to hold the AGM for the next couple of months. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the statute of FNCCI, the AGM should have been organised within mid-April. The AGM was scheduled for April 10-11, which was postponed to May 20-21 due to the lockdown. There is a provision in the federation’s statute that the event can be held after three months in exceptional circumstances. However, FNCCI leaders say that AGM can be held in August by finding necessary legal alternatives. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A faction within FNCCI led by past president and Distinguished Member Chandi Raj Dhakal, Vice President (Associate) Chandra Prasad Dhakal, Vice President (Commodity) Umesh Lal Shrestha and Treasurer Nirak Kc has been pressuring to hold AGM immediately. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The upcoming AGM will elect a new executive committee for three-year tenure. As per the organisation’s statute, the senior vice president will automatically become the president, according to which, the current Senior Vice President Shekhar Golchha will be the President from the upcoming AGM. Vice presidents Chandra Dhakal and Kishor Pradhan have already announced their candidacies for the post of senior vice president. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Holding the AGM has become a matter of contention between the different factions within the largest private sector body. Some of its senior members are against organising AGM at the moment citing the risks due to the spread of coronavirus while some have been piling pressure on the organisation’s leadership to hold the event by June. FNCCI President Bhawani Rana had proposed not to hold the AGM for the next couple of months. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the statute of FNCCI, the AGM should have been organised within mid-April. The AGM was scheduled for April 10-11, which was postponed to May 20-21 due to the lockdown. There is a provision in the federation’s statute that the event can be held after three months in exceptional circumstances. However, FNCCI leaders say that AGM can be held in August by finding necessary legal alternatives. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A faction within FNCCI led by past president and Distinguished Member Chandi Raj Dhakal, Vice President (Associate) Chandra Prasad Dhakal, Vice President (Commodity) Umesh Lal Shrestha and Treasurer Nirak Kc has been pressuring to hold AGM immediately. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Holding the AGM has become a matter of contention between the different factions within the largest private sector body. Some of its senior members are against organising AGM at the moment citing the risks due to the spread of coronavirus while some have been piling pressure on the organisation’s leadership to hold the event by June. FNCCI President Bhawani Rana had proposed not to hold the AGM for the next couple of months. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the statute of FNCCI, the AGM should have been organised within mid-April. The AGM was scheduled for April 10-11, which was postponed to May 20-21 due to the lockdown. There is a provision in the federation’s statute that the event can be held after three months in exceptional circumstances. However, FNCCI leaders say that AGM can be held in August by finding necessary legal alternatives. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A faction within FNCCI led by past president and Distinguished Member Chandi Raj Dhakal, Vice President (Associate) Chandra Prasad Dhakal, Vice President (Commodity) Umesh Lal Shrestha and Treasurer Nirak Kc has been pressuring to hold AGM immediately. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> “Today’s meeting has proposed the date of AGM which will be decided by the executive committee meeting,” said Chandra Prasad Dhakal, vice president (associate) of FNCCI. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Holding the AGM has become a matter of contention between the different factions within the largest private sector body. Some of its senior members are against organising AGM at the moment citing the risks due to the spread of coronavirus while some have been piling pressure on the organisation’s leadership to hold the event by June. FNCCI President Bhawani Rana had proposed not to hold the AGM for the next couple of months. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the statute of FNCCI, the AGM should have been organised within mid-April. The AGM was scheduled for April 10-11, which was postponed to May 20-21 due to the lockdown. There is a provision in the federation’s statute that the event can be held after three months in exceptional circumstances. However, FNCCI leaders say that AGM can be held in August by finding necessary legal alternatives. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A faction within FNCCI led by past president and Distinguished Member Chandi Raj Dhakal, Vice President (Associate) Chandra Prasad Dhakal, Vice President (Commodity) Umesh Lal Shrestha and Treasurer Nirak Kc has been pressuring to hold AGM immediately. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The upcoming AGM will elect a new executive committee for three-year tenure. As per the organisation’s statute, the senior vice president will automatically become the president, according to which, the current Senior Vice President Shekhar Golchha will be the President from the upcoming AGM. Vice presidents Chandra Dhakal and Kishor Pradhan have already announced their candidacies for the post of senior vice president. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> “Today’s meeting has proposed the date of AGM which will be decided by the executive committee meeting,” said Chandra Prasad Dhakal, vice president (associate) of FNCCI. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Holding the AGM has become a matter of contention between the different factions within the largest private sector body. Some of its senior members are against organising AGM at the moment citing the risks due to the spread of coronavirus while some have been piling pressure on the organisation’s leadership to hold the event by June. FNCCI President Bhawani Rana had proposed not to hold the AGM for the next couple of months. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the statute of FNCCI, the AGM should have been organised within mid-April. The AGM was scheduled for April 10-11, which was postponed to May 20-21 due to the lockdown. There is a provision in the federation’s statute that the event can be held after three months in exceptional circumstances. However, FNCCI leaders say that AGM can be held in August by finding necessary legal alternatives. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A faction within FNCCI led by past president and Distinguished Member Chandi Raj Dhakal, Vice President (Associate) Chandra Prasad Dhakal, Vice President (Commodity) Umesh Lal Shrestha and Treasurer Nirak Kc has been pressuring to hold AGM immediately. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The upcoming AGM will elect a new executive committee for three-year tenure. As per the organisation’s statute, the senior vice president will automatically become the president, according to which, the current Senior Vice President Shekhar Golchha will be the President from the upcoming AGM. Vice presidents Chandra Dhakal and Kishor Pradhan have already announced their candidacies for the post of senior vice president. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the statute of FNCCI, the AGM should have been organised within mid-April. The AGM was scheduled for April 10-11, which was postponed to May 20-21 due to the lockdown. There is a provision in the federation’s statute that the event can be held after three months in exceptional circumstances. However, FNCCI leaders say that AGM can be held in August by finding necessary legal alternatives. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A faction within FNCCI led by past president and Distinguished Member Chandi Raj Dhakal, Vice President (Associate) Chandra Prasad Dhakal, Vice President (Commodity) Umesh Lal Shrestha and Treasurer Nirak Kc has been pressuring to hold AGM immediately. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Holding the AGM has become a matter of contention between the different factions within the largest private sector body. Some of its senior members are against organising AGM at the moment citing the risks due to the spread of coronavirus while some have been piling pressure on the organisation’s leadership to hold the event by June. FNCCI President Bhawani Rana had proposed not to hold the AGM for the next couple of months. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the statute of FNCCI, the AGM should have been organised within mid-April. The AGM was scheduled for April 10-11, which was postponed to May 20-21 due to the lockdown. There is a provision in the federation’s statute that the event can be held after three months in exceptional circumstances. However, FNCCI leaders say that AGM can be held in August by finding necessary legal alternatives. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A faction within FNCCI led by past president and Distinguished Member Chandi Raj Dhakal, Vice President (Associate) Chandra Prasad Dhakal, Vice President (Commodity) Umesh Lal Shrestha and Treasurer Nirak Kc has been pressuring to hold AGM immediately. </span></span></span></span></p>
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