Section 7
Acts Not To Be Invalid
Even if it is subsequently discovered that any irregularity was made in the formation of the Board or that the office of any director fell vacant, any acts of the Board already done shall not be invalid
by the reason only that.
by the reason only that.
Retirement Fund Act, 2042 (1985)
Chapter - 2
Section 3: Establishment Of The Retirement FundSection 4: Provisions Relating To Application Of Establishment Of Retirement Fund And ApprovalSection 5: Fund To Be Autonomous Body CorporateSection 6: Formation Of The Board Of DirectorsSection 7: Acts Not To Be InvalidSection 8: Meetings Of The BoardSection 9: Relation Between The Government Of Nepal And The FundSection 10: To Be A Member Of The FundSection 11: Appointment Of General Manager
Chapter - 4
Section 18: Mandatory Deduction Of Money From Salary Of EmployeesSection 19: Acts To Be Done By The Fund After Payment Of Money To The FundSection 20: Prohibition On Withdrawal Of MoneysSection 21: Power Of The Fund To Do Acts For The Welfare Of EmployeesSection 22: Interest And Other Amounts To Be ProvidedSection 23: Fund Deduction To Be RefundedSection 24: To Give Notice To The Fund About The Condition Of EmployeeSection 25: No Relation Of Institution With The FundSection 26: Transfer Of CapitalSection 27: Security Of FundSection 28: Acts That May Be Done By The FundSection 29: No Fee To Be Levied
Chapter - 6
Section 32: Deposit Of Amounts Set Aside For Gratuity And PensionSection 33: Saving Against Loss And DamageSection 34: DissolutionSection 35: Inspection And DirectionSection 36: Power To Frame RulesSection 37: Power To Frame Bye-lawsSection 38: Removal Of DifficultiesSection 39: The Laws In Force To Prevail