Section 5
Corporation To Be Deemed As A Body Corporate
(1) The Corporation shall be an autonomous body corporate with perpetual succession.
(2) The Corporation shall have a separate seal of its own for all of its activities.
(3) The Corporation may, subject to this Act and the prevailing Nepal laws, acquire, use, sell and dispose of any movable and immovable property, like an individual.
(4) The Corporation may sue by its name and be also sued by the same name.