Section 32
Function And Duties Of The Trust
Trust may, subject to this Act, perform the following functions:-
(a) To operate Citizen Unit Scheme of various nature and types as prescribed as a trustee with the purpose to provide more return to the depositors by providing expert investment service.
(b) To invest the deposit collected from voluntary or compulsory Investment Account Scheme run by the Trust in the way to benefit the investors.
(c) To underwrite shares of various corporate, whether singly or jointly with other Bank or Financial Institution, as determined by the Trust.
(d) To provide facility of bridge financing or lend to corporate bodies.
(e) To assume ownership of Securities by investing and re investing in Security of various type.
(f) To provide expert consultation service on regarding financial system, and savings of corporate body and alternate opportunities of investment.
(g) To carry out business as a broker subject to Securities Act, 2063.
(h) To encourage corporate body to issue Securities and provide required services as Primary Issuer and sales manager.
(i) To provide credit to purchase Securities to the investors participated in Investment Account Scheme run by the Trust.
(j) To Participate or assist in the constitution, management and control of corporate body where the Trust has invested.
(k) To invest in bonds issued by the Government of Nepal from the amount collected through Citizen Unit Scheme or Investment Account Scheme or from its own source.
(l) To Provide Term Loan to corporate body.
(m) To constitute subsidiary company as per necessity for the development of capital market.
(m1) To provide consultation service relating to capital market and to conduct training and other works related thereto.
(n) To invest the deposit collected through Unit Scheme from Nepali Citizen residing in foreign country in foreign Securities after taking approval from Nepal Rastra Bank.
(o) To Levi management fee, service fee, commission, brokerage commission and other fees for the service rendered by the Trust.
(p) To carry out banking transaction with foreign banks with the approval of Nepal Rastra Bank.
(q) To Purchase or receive or own or take in rent movable, immovable or any other assets by repaying price at once or in installment or in credit or by any other manner and to sell or exchange the movable or immovable assets remained in its ownership.
(r) To provide approval to work as per the terms and condition of security or commitment provided as a trustee in relation to fulfilling the liability as per contract or agreement of commitment of any corporate body or to perform the work as per the same.
(s) To accept, or provide approval to hold any movable or immovable asset in security or deposit or hypothecation or collateral and accept any agreement or contract or any instruments or documents as per necessity and put conditions for the c protection of its interest and for utilization as per the purpose of the facility provided by it.
(t) To perform other ancillary works to come in the course of fulfilling duties and exercising of powers as per this Act.
(a) To operate Citizen Unit Scheme of various nature and types as prescribed as a trustee with the purpose to provide more return to the depositors by providing expert investment service.
(b) To invest the deposit collected from voluntary or compulsory Investment Account Scheme run by the Trust in the way to benefit the investors.
(c) To underwrite shares of various corporate, whether singly or jointly with other Bank or Financial Institution, as determined by the Trust.
(d) To provide facility of bridge financing or lend to corporate bodies.
(e) To assume ownership of Securities by investing and re investing in Security of various type.
(f) To provide expert consultation service on regarding financial system, and savings of corporate body and alternate opportunities of investment.
(g) To carry out business as a broker subject to Securities Act, 2063.
(h) To encourage corporate body to issue Securities and provide required services as Primary Issuer and sales manager.
(i) To provide credit to purchase Securities to the investors participated in Investment Account Scheme run by the Trust.
(j) To Participate or assist in the constitution, management and control of corporate body where the Trust has invested.
(k) To invest in bonds issued by the Government of Nepal from the amount collected through Citizen Unit Scheme or Investment Account Scheme or from its own source.
(l) To Provide Term Loan to corporate body.
(m) To constitute subsidiary company as per necessity for the development of capital market.
(m1) To provide consultation service relating to capital market and to conduct training and other works related thereto.
(n) To invest the deposit collected through Unit Scheme from Nepali Citizen residing in foreign country in foreign Securities after taking approval from Nepal Rastra Bank.
(o) To Levi management fee, service fee, commission, brokerage commission and other fees for the service rendered by the Trust.
(p) To carry out banking transaction with foreign banks with the approval of Nepal Rastra Bank.
(q) To Purchase or receive or own or take in rent movable, immovable or any other assets by repaying price at once or in installment or in credit or by any other manner and to sell or exchange the movable or immovable assets remained in its ownership.
(r) To provide approval to work as per the terms and condition of security or commitment provided as a trustee in relation to fulfilling the liability as per contract or agreement of commitment of any corporate body or to perform the work as per the same.
(s) To accept, or provide approval to hold any movable or immovable asset in security or deposit or hypothecation or collateral and accept any agreement or contract or any instruments or documents as per necessity and put conditions for the c protection of its interest and for utilization as per the purpose of the facility provided by it.
(t) To perform other ancillary works to come in the course of fulfilling duties and exercising of powers as per this Act.