Section 7
Alteration In Objects Or Functions Of Corporation
7. Alteration in objects or functions of Corporation:
(1) If, at any time, it is necessary to make alteration in any objects of a Corporation or in any acts specified to be done by a Corporation, the Board of Directors make a report, along with the reason for the same, to the Government of Nepal for approval, and if such a report is made and the Government of Nepal holds it to be reasonable, it may give approval for such alteration.
(2) After approval is given by the Government of Nepal pursuant to sub-section (1), a notice shall be published in the Nepal Gazette and in leading newspapers about the amended objects and acts of the Corporation, and the objects or acts of the Corporation may be altered only after the publication of such a notice.
(1) If, at any time, it is necessary to make alteration in any objects of a Corporation or in any acts specified to be done by a Corporation, the Board of Directors make a report, along with the reason for the same, to the Government of Nepal for approval, and if such a report is made and the Government of Nepal holds it to be reasonable, it may give approval for such alteration.
(2) After approval is given by the Government of Nepal pursuant to sub-section (1), a notice shall be published in the Nepal Gazette and in leading newspapers about the amended objects and acts of the Corporation, and the objects or acts of the Corporation may be altered only after the publication of such a notice.