You are viewing the translated version of लगानी प्रवद्र्धन समिति.
Section 19B
Investment Promotion Committee
(1) There will be an investment promotion committee in the fund to determine the investment policy and submit suggestions to the committee in order to invest the fund's money in areas where the funds are safe and get higher returns. (2) The committee under subsection (1) will have the following members:- (a) Administrator of the fund- Chairman (b) One person nominated by the Nepal government from among the economists working in the service of the Nepal government - Member (c) Two people nominated by the Nepal government from among people with special knowledge and experience in the field of investment promotion from Tribhuvan University and public or private sector - Member (d) One authorized employee of the fund designated by the committee - Member - Secretary (3) The term of office of the nominated members according to sub-section (2) shall be three years. (4) Notwithstanding anything written in sub-section (3), the Government of Nepal may change the nominated members at any time. (5) The chairman and members of the investment promotion committee. The meeting allowances received at the meeting of the investment promotion committee shall be as determined by the committee. (6) The administrator shall call the meeting of the investment promotion committee as necessary. (7) Other matters related to the meeting of the investment promotion committee may be determined by the investment promotion committee itself.