(1) The authorized capital of the Corporation shall be Five Hundred Million Rupees, 4 which shall be divided into Five Million 5 shares of One Hundred Rupees each. The paid- up capital of Corporation shall be as issued and raised by the Board with the prior approval of the Government of Nepal.
(2) The Corporation may, with the approval of the Government of Nepal, increase or decrease its authorized capital, by a Notification in the
Nepal Gazette.