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Section 18
Security of the fund
Regardless of what is written in the prevailing Nepalese law, if it is written below, it will be as follows:-(a) Employees' shares in the funds deposited in the name of the employee in the fund will not be entitled to anyone's share. He will not be taxed even for part distribution. Even if the court decides, the amount deposited in the employee's fund will not reach the creditor Mahajan. Under the Nepalese law, the employee's money in the fund will not be forfeited for any fault, including all assets. (b) No tax shall be levied on the rupees deposited in the fund in the name of the employee and on the profit of the fund and on the rupees received by the employee from the fund, except for income tax. c) If any amount of the fund is not invested or loaned in a company, when that company is dissolved and its equity is distributed, the fund will have the first right to the equity of such company for the amount remaining due to the investment of the fund, the dividend on that account and the repayment of the loan. If any amount of the fund is yet to be taken from another person, if the equity of that person falls under the control of the creditors, he will have the first right to the amount to be collected from the fund over his equity. Only after the remaining amount of the fund to be taken from the fund has been settled, other persons will be entitled to the remaining assets of such company or person. However, according to clause (c2) of section 19, this provision shall not be applicable in relation to the loan given by the fund on the basis of co-financing. (d) Any industry contract. or if the organized organization or employee does not pay the amount of loan, advance, loan or interest that should be submitted to the fund in time, thirty-five days after the expiry of that time, the real estate or any other property mortgaged by such industrialist or organized organization or employee to the fund or written as security for the fund itself. The amount of the fund can be recovered by seizing it and selling it at auction. If no one takes possession of the property at auction, the fund can take ownership of the property. In such case, attachment or seizure of such propertyThe government offices should cancel the filings of names in their offices according to the funds, without taking any action. (e) Clause (d) or section 19A. After the fund has registered the mortgage or pledge, the debtor will not have the right to give such property as a mortgage or mortgage or in any way give away the right, and if the fund receives a written request to withhold the property, the office passing the registration must withhold it. (f) The interest rate charged and paid by the fund It will be as determined by the fund. The mortgage guarantor of the place will give the loan only after the surety of the thing under his protection. In this way, the method of valuation of the property held as collateral shall be as determined by the fund. (i) If the amount of loan or principal interest given by the fund is not paid within the term of the installment acknowledgment, but the property held as mortgage or collateral is seized and auctioned, the fund shall give a period of at least thirty-five days. After publishing a notice in the local newspaper, such property can be seized and auctioned after the expiry of that period. (j) ……..