Section 11
Fund Of Board
11. Fund of Board:
(1) The Board shall have a separate fund of its own.
(2) The fund of the Board shall consist of the following amounts:
(a) Grants received from Government of Nepal,
(b) Grants received from any foreign governments or international organizations,
(c) Grants received from cooperative associations and unions, semi-governmental and non-governmental
organizations,
(d) Fees received for having provided research works or consultancy services,
(e) Amounts received from other sources.
(3) Prior approval of Government of Nepal shall be obtained in obtaining grants from any foreign governments or international
organizations.
(4) All amounts to be received by the Board shall be credited to an account to be opened with any bank within Nepal.
(5) All expenditures to be incurred by the Board shall be chargeable on the fund as referred to in Sub-section (1)