Law Details
Nepal Airlines Corporation Act, 2019 (1963)

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Nepal Airlines Corporation Act, 2019 (1963)नेपाल वायुसेवा निगम ऐन, २०१९
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1

Short Title, Extent And Commencement

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2

Definitions

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3

Establishment Of Corporation

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4

Tenure Of The Board And Directors

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5

Authorized Capital Of The Corporation

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6

Appointment Of General Manager

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7

Management

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8

Disqualification Of General Manager And Director

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9

Conditions When General Manager Or Director May Be Removed From Office

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10

Resignation Of General Manager Or Director And Filling Up Of Occasional Vacancies

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11

Meeting Of The Board

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12

Temporary Appointment

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13

Functions, Duties And Powers Of The Corporation

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14

Functions Which The Corporation May Perform

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15

Monopoly To Operate Schedule Air Transport Services

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16

Fund Of The Corporation

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16A

Audit To Be Done After Preparing The Balance Sheet Within Four Months

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17

Audit

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18

Profit And Loss

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19

Liability Of The Authorities Of The Corporation For Loss Or Damage

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20

Power Of Government Of Nepal To Suspend Directors

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21

Restrictions

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22

Oath Of Secrecy And Loyalty

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23

Settlement Of Disputes Through Arbitrator

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24

Dissolution

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25

Penalties

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26

Annual Report

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27

Power To Frame Rules

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27A

Power To Frame Bye-law

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28

Incase Of Inconsistency

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29

Repeal And Validity(save)

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1

Schedule

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