Section 16
Commercial Principles To Be Followed
while discharging the functions of the Authority, the Board shall follow commercial principles with due
consideration to the convenience of the public as well.
consideration to the convenience of the public as well.
Nepal Electricity Authority Act, 2041 (1984)
Chapter - 2
Section 3: Establishment Of The AuthoritySection 4: Corporate BodySection 5: Share Capital And ShareholdersSection 6: DebenturesSection 7: Loans Or GrantsSection 8: Formation Of Board Of DirectorsSection 9: DirectorsSection 10: Disqualifications Of DirectorsSection 11: Power To Remove DirectorsSection 12: Vacancies In Posts Of Directors To Be Filled UpSection 13: Action Not To Be InvalidatedSection 14: Remuneration Of DirectorsSection 15: Meeting Of The BoardSection 16: Commercial Principles To Be FollowedSection 17: General Manager Or Executive Director, Adviser, And Other StaffSection 18: Restrictions On General Manager Or Executive Director
Chapter - 3
Section 19: Function And Duties Of The AuthoritySection 20: Power Of The AuthoritySection 21: Land AcquisitionSection 22: Entry Into The House Of Other PersonsSection 23: Power To Cut Off Electricity LinesSection 23A: Power To Collect Compensation, Extra-charges Or FinesSection 24: Prohibition To Dispose Of PropertySection 25: Power To Issue DirectivesSection 26: Annual ReportSection 27: Delegation Of Authority
Chapter - 4
Chapter - 5
Section 29: Fund Of The AuthoritySection 30: Accounts And AuditSection 31: Formation Of Advisory CommitteeSection 32: Exemption From Local TaxesSection 32A: P Ower To Realize Dues As Government ArrearsSection 33: Oath Of Honesty And Secrecy To Be TakenSection 34: Dissolution Of AuthoritySection 35: Power To Frame Bye-lawsSection 36: With The Government Of NepalSection 37: Transfer Of Assets And LiabilitiesSection 38: Repeal And Devolution Of Assets And LiabilitiesSection 39: Adjudicating AuthoritySection 39A: Immunity For Action Taken In Good FaithSection 40: Applicability Of Other Current Laws