Section 8
Fund Of Corporation
8. Fund of Corporation:
(1) There shall be one Corporation fund consisting of the following amounts, and all amounts required to be spent on behalf of the Corporation shall be chargeable on the fund:
(a) Amounts given as grants by the Government of Nepal or other person to the Corporation, and
(b) All amounts received by the Corporation from its assets or transactions or loans of the Corporation.
(2) All cashes of the Corporation shall be created to an account by the name of “Corporation fund” to be opened with the Nepal Rastra Bank in a place where such Bank is situated, and with any other local bank in a place where such Bank is not situated.
(1) There shall be one Corporation fund consisting of the following amounts, and all amounts required to be spent on behalf of the Corporation shall be chargeable on the fund:
(a) Amounts given as grants by the Government of Nepal or other person to the Corporation, and
(b) All amounts received by the Corporation from its assets or transactions or loans of the Corporation.
(2) All cashes of the Corporation shall be created to an account by the name of “Corporation fund” to be opened with the Nepal Rastra Bank in a place where such Bank is situated, and with any other local bank in a place where such Bank is not situated.