Section 19
Fund Of Council
19. Fund of Council :
(1) The Council shall have a separate fund of its own, and the fund shall consist of the following amounts:
(a) Amounts received from the Government of Nepal;
(b) Assistance, grants or loans received from any foreign governments, organizations or persons or international organizations;
(c) Amounts received from native persons or organizations;
(d) Amounts earned from the investments made by the Council;
(e) Fees or amounts received in consideration for services provided by the Council; and
(f) Amounts received from any other source.
(2) Prior to obtaining a loan from any foreign government, organization or person or international organization pursuant to Clause
(b) of Sub-section (1), the Council shall obtain prior approval of the Government of Nepal.
Provided that, the Council shall not be required to obtain prior approval of the Government of Nepal in order to obtain any amount in
the form of assistance or grant. The Council shall give information of obtaining of such assistance or grant to the Government of Nepal.
(3) The Council shall open an account with any bank as designated by the Council and deposit with the account moneys credited
to the fund of the Council into such account, and the Council may, as required, also open an account with a foreign bank and deposit such
moneys with the account.
(4) All the expenses to be made on behalf of the Council shall be borne out of the fund of the Council.
(5) The account of the fund of the Council shall be operated as prescribed
(1) The Council shall have a separate fund of its own, and the fund shall consist of the following amounts:
(a) Amounts received from the Government of Nepal;
(b) Assistance, grants or loans received from any foreign governments, organizations or persons or international organizations;
(c) Amounts received from native persons or organizations;
(d) Amounts earned from the investments made by the Council;
(e) Fees or amounts received in consideration for services provided by the Council; and
(f) Amounts received from any other source.
(2) Prior to obtaining a loan from any foreign government, organization or person or international organization pursuant to Clause
(b) of Sub-section (1), the Council shall obtain prior approval of the Government of Nepal.
Provided that, the Council shall not be required to obtain prior approval of the Government of Nepal in order to obtain any amount in
the form of assistance or grant. The Council shall give information of obtaining of such assistance or grant to the Government of Nepal.
(3) The Council shall open an account with any bank as designated by the Council and deposit with the account moneys credited
to the fund of the Council into such account, and the Council may, as required, also open an account with a foreign bank and deposit such
moneys with the account.
(4) All the expenses to be made on behalf of the Council shall be borne out of the fund of the Council.
(5) The account of the fund of the Council shall be operated as prescribed