Section 14
Functions Which The Corporation May Perform
14. Functions which the Corporation may perform :
(1) The Corporation may take all such actions as are necessary for the proper discharge of its functions.
(2) Without prejudice to the generality of the power conferred by Sub- section (1), the Corporation may take the following actions:-
(a) To raise loans keeping its assets as mortgage,
(b) To give on hire or sell any property belonging to the Corporation or make other arrangements with regard to such Property,
(c) To conduct transactions on behalf of and according to the order of Government of Nepal funds deposited with the Corporation, (d) To make efforts for the recognition “to the Corporation from foreign countries” and to generate the confidence of people on it,
(e) To take all other necessary actions in the course of the discharge of the various functions mentioned in this Act
(1) The Corporation may take all such actions as are necessary for the proper discharge of its functions.
(2) Without prejudice to the generality of the power conferred by Sub- section (1), the Corporation may take the following actions:-
(a) To raise loans keeping its assets as mortgage,
(b) To give on hire or sell any property belonging to the Corporation or make other arrangements with regard to such Property,
(c) To conduct transactions on behalf of and according to the order of Government of Nepal funds deposited with the Corporation, (d) To make efforts for the recognition “to the Corporation from foreign countries” and to generate the confidence of people on it,
(e) To take all other necessary actions in the course of the discharge of the various functions mentioned in this Act