(1) The Academy shall have a separate fund of its own.
(2) The fund as referred to in Sub-section (1) shall consist of the following amounts:
(a) Amounts received from the Government of Nepal,
(b) Amounts received from any foreign government, organization or person,
(c) Amounts received from any native organization or person,
(d) Amounts received in consideration for any services provided by the Academy, and
(e) Amounts received from any other sources.
(3) Prior to receiving amounts as referred to in Clause (b) of Subsection (2), the Academy shall obtain approval of the Government of Nepal.
(4) The moneys of the fund of the Academy shall be deposited in an account opened with a bank as designated by the Academy.
(5) The fund and account of the Academy shall be operated as prescribed.
(6) All the expenditures of the Academy shall be chargeable on the fund as referred to in Sub-section (1).