You are viewing the translated version of ऋण तथा अनुदान लिने अधिकार.
Section 12
The right to take loans and grants
Fund can take loans and grants to increase its capital. But if the fund needs to take loans from any foreign bank or association, it will have to get the approval of the Government of Nepal.
Citizen Investment Trust Act, 2047 (1991)
Preamble - 0
Chapter - 2
Section 3: Establishment of the fundSection 4: Fund capital and share allocationSection 5: TheSection 6: TheSection 7: Application for sharesSection 8: Share certificateSection 9: Debenture IssuanceSection 10: Cancellation of transfer and filing of sharesSection 11: Shareholder's Register BookSection 12: The right to take loans and grantsSection 13: Amount paid for sharesSection 14: Entitled to Shares and Debentures
Chapter - 3
Section 15: Operation of Investor Account Scheme TheSection 16: Operation of Citizen Unit SchemesSection 17: Exclusive rights of the Government of NepalSection 18: Arrangement for depositing funds in Investor Account Scheme or Civil Unit SchemeSection 18A: A self-employed person can deposit:Section 18A: A self-employed person can deposit:Section 19: to be distributedSection 20: Unit certificate
Chapter - 4
Section 21: General AssemblySection 22: Right to vote upon appointment of directorsSection 23: Matters to be presented and discussed at the General MeetingSection 24: Special General MeetingSection 25: Formation of Board of DirectorsSection 26: Disqualification to be appointed or to hold office as DirectorSection 27: Directors' remuneration and allowancesSection 28: Authority of Board of DirectorsSection 29: Committee meetingSection 30: Accountability of DirectorsSection 31: Acknowledgment of Actions Done
Chapter - 5
Section 32: FUNCTIONS, DUTIES AND RIGHTS OF THE FUND:Section 32A: which the Fund may act as Debenture TrusteeSection 32B: that the fund may act as a custodianSection 33: Right to set conditionsSection 34: Special discountSection 34A: The right of the fund will remain:Section 35: Fund's Right to Breach of ContractSection 36: The right to demand repayment of loaned amount before the expiry of the agreement
Chapter - 7
Section 42: Staff arrangementSection 43: Technical SubcommitteeSection 43A: the Trustee may be appointed by the FundSection 44: Every director, executive director, advisor, technical sub-committee members and officers and employees of theSection 45: Power of the Government of Nepal to adjourn the CommitteeSection 46: Contact with the Government of Nepal TheSection 47: Annual ReportSection 48: The Government of Nepal may issue orders or instructionsSection 49: Nepal Rastra Bank may issue orders or instructionsSection 50: Monitoring and InspectionSection 51: XXXXXXSection 52: Special rights of the fundSection 52A: Special provisions regarding investment in fixed depositsSection 53: Security of Fund's Loan InvestmentSection 53A: BlacklistingSection 54: to maintain confidentialitySection 55: The fund may be dissolvedSection 56: Appointment of liquidatorSection 57: Order of priority for payment of liabilitiesSection 58: Penalty PunishmentSection 59: Power to make regulations TheSection 60: Can make procedures: