Section 8
Fund Of The Board
8. Fund of the Board:
(1) There shall be a separate fund of the Board and the following amounts shall be deposited with the said fund: –
(a) Amount received from Government of Nepal,
(b) Amount received from any international association, organization or foreign government,
(c) Amount accrued by the Board,
(d) Amount received from any other resource.
(2) Prior to receiving the amount referred to in Clause (b) of Subsection (1), the Board shall obtain an approval of Government of Nepal
(3) The amount shall be expended for such programme for which the amount has been received by the Board.
(4) The amount to be collected in the fund of the Board shall be deposited in any commercial bank having opened an account.
(5) All expenditures to be incurred in the name of the Board shall be made from the fund referred to in Sub-section (1).
(6) Operation of the account of the Board shall be as determined by the Board.
(1) There shall be a separate fund of the Board and the following amounts shall be deposited with the said fund: –
(a) Amount received from Government of Nepal,
(b) Amount received from any international association, organization or foreign government,
(c) Amount accrued by the Board,
(d) Amount received from any other resource.
(2) Prior to receiving the amount referred to in Clause (b) of Subsection (1), the Board shall obtain an approval of Government of Nepal
(3) The amount shall be expended for such programme for which the amount has been received by the Board.
(4) The amount to be collected in the fund of the Board shall be deposited in any commercial bank having opened an account.
(5) All expenditures to be incurred in the name of the Board shall be made from the fund referred to in Sub-section (1).
(6) Operation of the account of the Board shall be as determined by the Board.