Rule 11
Executive Director
11. Executive Director:
(1) An Executive Director shall be appointed to act as the Administrative chief of the Fund.
(2) A Three membered Sub-committee shall be formed to recommend the name of the Executive Director by the Committee.
(3) The Committee so formed, shall recommend the name of three persons from among the members holding the Master’s Degree in Economics, Commerce, Management, Labor Management or Law, and having the work experience of Seven years; through a free competition and present before the Committee for final approval.
(4) One of the Three individuals shall be appointed as the Executive Director of the Fund based on the qualification, experience, leadership abilities and the evaluation of profile presented by him/her relating to operation and the management of the Fund.
(5) Notwithstanding anything contained in Sub-rules (2), (3) and (4), unless the Executive Director is appointed , Government of Nepal may appoint Executive Director from the Gazette First Class Officer or prescribed as the Executive Director for One year.
(6) The tenure of office of the Executive Director shall be of Four years.
(7) The Executive Director shall be removed from the Office on the following conditions:-
(a) If he/she is unable to perform assigned tasks.
(b) If he/she shows a mala fied intent in course of performing the assigned duties.
(c) If he/she displays a misconduct or misbehavior
(d) If he/she is unable to perform any work as prescribed in the employment contract or if s/he does not show satisfactory work performance record.
(8) Prior to removing the Executive Director from the Office pursuant to Sub-rule (7), a Three member probe and inquiry committee shall be formed and based on the report of the said committee, the Executive Director may be removed from the Office.
(9) Pursuant to Sub-rule (8), the Executive Director shall not participate or cast a vote in a committee formed pursuant to aforesaid Sub-rule.
(10) After the formation of a committee in accordance with Sub rule (8), the Executive Director may be relieved from the Office.
(11) The Executive Director shall be given a chance of putting forth his/her defense before reliving him/her from office.
(12) The salary, allowances and other facilities of the Executive Director shall be as approved by the Government of Nepal, upon the prescription of the Committee.
(1) An Executive Director shall be appointed to act as the Administrative chief of the Fund.
(2) A Three membered Sub-committee shall be formed to recommend the name of the Executive Director by the Committee.
(3) The Committee so formed, shall recommend the name of three persons from among the members holding the Master’s Degree in Economics, Commerce, Management, Labor Management or Law, and having the work experience of Seven years; through a free competition and present before the Committee for final approval.
(4) One of the Three individuals shall be appointed as the Executive Director of the Fund based on the qualification, experience, leadership abilities and the evaluation of profile presented by him/her relating to operation and the management of the Fund.
(5) Notwithstanding anything contained in Sub-rules (2), (3) and (4), unless the Executive Director is appointed , Government of Nepal may appoint Executive Director from the Gazette First Class Officer or prescribed as the Executive Director for One year.
(6) The tenure of office of the Executive Director shall be of Four years.
(7) The Executive Director shall be removed from the Office on the following conditions:-
(a) If he/she is unable to perform assigned tasks.
(b) If he/she shows a mala fied intent in course of performing the assigned duties.
(c) If he/she displays a misconduct or misbehavior
(d) If he/she is unable to perform any work as prescribed in the employment contract or if s/he does not show satisfactory work performance record.
(8) Prior to removing the Executive Director from the Office pursuant to Sub-rule (7), a Three member probe and inquiry committee shall be formed and based on the report of the said committee, the Executive Director may be removed from the Office.
(9) Pursuant to Sub-rule (8), the Executive Director shall not participate or cast a vote in a committee formed pursuant to aforesaid Sub-rule.
(10) After the formation of a committee in accordance with Sub rule (8), the Executive Director may be relieved from the Office.
(11) The Executive Director shall be given a chance of putting forth his/her defense before reliving him/her from office.
(12) The salary, allowances and other facilities of the Executive Director shall be as approved by the Government of Nepal, upon the prescription of the Committee.