Section 12
Fund Of Board
12. 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) Amounts received from Government of Nepal,
(b) Amounts received from any foreign governments or international organizations,
(c) Amounts received for having provided consultancy service on tea and coffee farming and processing,
(d) Amounts received from service charged on tea and coffee,
(e) Amounts received from other sources.
(3) Prior approval of Government of Nepal shall be obtained in obtaining grants from any foreign government or international organization.
(4) All amounts to be received by the Board shall be credited to the 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)