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Section 23
Fund of the Institute
: (1) The Institute shall have a separate fund of its own. All funds received by the institute, including loans and grants, will be deposited in the same fund and the funds to be spent on behalf of the institute will also be covered from the same fund.
(2) All funds of the fund shall be deposited in Nepal Rastra Bank or other banks if permitted by the Government of Nepal.
(3) The committee shall have the right to spend the amount deemed reasonable for the purpose of authorized activities in accordance with this Act and the rules and regulations made under this Act.
(2) All funds of the fund shall be deposited in Nepal Rastra Bank or other banks if permitted by the Government of Nepal.
(3) The committee shall have the right to spend the amount deemed reasonable for the purpose of authorized activities in accordance with this Act and the rules and regulations made under this Act.