(1) As the administrative head of the board, the Government of Nepal shall appoint a chairman subject to sub-section (2). , economic, financial, commerce, management or law will appoint a suitable person from among the distinguished persons who have worked for at least seven years to the position of chairman. There will be a committee consisting of the secretary of the Ministry of Finance and an expert related to the securities sector, and on the recommendation of the committee, the chairman will be appointed according to this section. ) According to sub-sections (3) and (4), the committee shall automatically determine its procedure when recommending the name of the chairman. (6) The term of office of the chairman shall be four years and he may be re-appointed for a maximum of four years. (7) Anything written elsewhere in this section However, if the chairman acts in such a way as to cause harm to the board and is contrary to the interests of the board or the development of the capital market, the government of Nepal may form an inquiry committee and remove him from the position of the chairman on the recommendation of the committee. should be provided.