7. Formation of executive committee:
(1) There shall be one executive committee as follows for the operation of the business of Board:
(a) Minister or Minister of State for Agriculture -Chairperson
(b) A person designated by Government of Nepal -Co-chairperson
(c) Chairperson, National Cooperatives Development Union -Member
(d) Governor, Nepal Rastra Bank -Member
(e) Secretary, Ministry of Finance -Member
(f) Secretary, Ministry of Supplies -Member
(g) Secretary, Ministry of Industries -Member
(h) Secretary, Ministry of Agriculture -Member
(i) Secretary, Ministry of Local
Development -Member
(j) Representative, National Planning Commission -Member
(k) Registrar, Department of Cooperatives -Member
(l) Two persons nominated by the chairpersons of central cooperative unions from amongst themselves -Member
(m) Five persons nominated by Government of Nepal from amongst the cooperative or social workers in  five Development Regions -Member
(n) One person from amongst women cooperative workers -Member
(o) Two persons from amongst the experts in the concerned field -Member
(p) General Manager, Agricultural Development Bank -Member
(q) Person designated by Government of Nepal -Member secretary
(2) Government of Nepal shall, on recommendation of the committee, nominate the members as referred to in Clauses (n) and (o) of
Sub-section (1).
(3) The term of office of the members as referred to in Clauses (l),
(m), (n) and (o) of Sub-section (1) shall be two years.
(4) Government of Nepal may, on recommendation of the committee, accompanied by the reasons, make necessary alteration or  change in respect of the committee members, by a Notification in the Nepal .