(1) A Competition Promotion and Market Protection  Board is hereby constituted in order to enhance fair competition in market by
protecting the market.
(2) The Board referred to in Sub-section (1) shall consist of the following members:
(a) Secretary, Ministry of Industries, Commerce and Supplies Chairperson
(b) Representative, Ministry of Law, Justice and Parliamentary Affairs Member
(c) Representative, Ministry of Finance Member
(d) Representative, Ministry of Industries, Commerce and Supplies Member
(e) Two persons nominated by the Government of Nepal from amongst the persons engaged in organizations
relating to industry and commerce Member
(f) Four persons consisting of at least one woman nominated by the Government of Nepal from amongst the persons engaged in organizations relating to the rights and interests of consumers Member
(g) Director General, Department of Commerce Member Secretary
(2) The tenure of office of the members nominated pursuant to Sub- section (2) shall be two years.
(3) Notwithstanding anything contained in Sub-section (3), where the performance of any member does not appear to be satisfactory, the Government
of Nepal may, assigning the reason therefor, remove such member from the office of member of the Board at any time.