Section 6
Formation Of Board Of Directors And Tenure Of Director
(1) The Corporation shall have a Board of Directors consisting of a maximum of Seven members, and the majority of members including the chairperson
shall be appointed by the Government of Nepal, and the rest directors shall be appointed by the shareholders at the general meeting.
(2) The directors including the chairperson shall be appointed for three years, and upon expiration of their tenure, they may be re-appointed.
(3) Notwithstanding anything contained in Sub-section (2), one director out of the directors appointed by the shareholders for the first time
shall retire by lot.
(4) The directors shall receive such remuneration for each day of their attendance in the meeting of the Board as may be specified by the
Government of Nepal.
shall be appointed by the Government of Nepal, and the rest directors shall be appointed by the shareholders at the general meeting.
(2) The directors including the chairperson shall be appointed for three years, and upon expiration of their tenure, they may be re-appointed.
(3) Notwithstanding anything contained in Sub-section (2), one director out of the directors appointed by the shareholders for the first time
shall retire by lot.
(4) The directors shall receive such remuneration for each day of their attendance in the meeting of the Board as may be specified by the
Government of Nepal.