FNCCI likely to Postpone Election, AGM

  193 times read   1 min 46 sec to read
FNCCI likely to Postpone Election, AGM

March 19: The Federation of Nepalese Chambers of Commerce and Industries (FNCCI) is likely to postpone its 54th annual general meeting and election of a new executive committee after the government announced sweeping measures on Wednesday to prevent the spread of COVID-19.

However, the FNCCI has not yet officially announced the postponement of the election.  The umbrella body of Nepal’s industries and business houses is likely to take a decision in this regard later on Thursday (March 19).

The FNCCI is under pressure after the government announced a ban on public gatherings. According to the latest decision of the government, more than 25 people cannot gather at one place.  FNCCI President Bhavani Rana has called an executive committee meeting on March 19 to discuss this issue.

She told New Business Age that the FNCCI is preparing to postpone the AGM as the government has instructed the public not to organize mass gatherings for a month.

“I have called a meeting of the executive committee to discuss this issue today,” she said.

Meanwhile, Senior Vice President of FNCCI Shekhar Golchha said that he personally believes that the election should be postponed considering the critical situation at the moment.

“Whether the election gets postponed or not will be decided by the meeting,” added Golchha, who is a;; set to lead the FNCCI during the next tenure.

The FNCCI has a provision of its senior vice president to automatically become the president in the next term.

No comments yet. Be the first one to comment.