Section 6
Formation Of The Board Of Directors
(1) The Fund shall have one Board of Directors to look after, direct and manage all the functions and
affairs of the Fund. The Board of Directors shall exercise all such powers and perform all such duties as the Fund may have pursuant to this Act and the rules framed under this Act.
(2) The Board of Directors shall have a maximum of Seven directors, and the directors shall be appointed by the general meeting.
(3) A person who is selected by the directors from amongst themselves shall be the chairperson of the Board of Directors.
(4) The term of office of a director shall be Four years.
(5) Notwithstanding anything contained in Sub-section (2), until the provision of election of directors by the general meeting is made, the representatives of the institutions designated by the Government of Nepal
from amongst the member institutions of the Fund shall be directors.
affairs of the Fund. The Board of Directors shall exercise all such powers and perform all such duties as the Fund may have pursuant to this Act and the rules framed under this Act.
(2) The Board of Directors shall have a maximum of Seven directors, and the directors shall be appointed by the general meeting.
(3) A person who is selected by the directors from amongst themselves shall be the chairperson of the Board of Directors.
(4) The term of office of a director shall be Four years.
(5) Notwithstanding anything contained in Sub-section (2), until the provision of election of directors by the general meeting is made, the representatives of the institutions designated by the Government of Nepal
from amongst the member institutions of the Fund shall be directors.