Section 8
Fund Of The Board
8. Fund of the Board:
(1) The Board shall have its own separate fund and the following amounts shall be credited to the said fund:-
(a) The amounts received from Government of Nepal.
(b) The amounts received from any native or foreign person,
(c) Amounts received from international, organizations, institutions and foreign government,
(d) Amounts received from consultancy and service rendered by the Board.
(e) Principal, interest and other amounts received from investment of the Board,
(f) Amounts received from other sources.
(2) Prior to obtaining any amount pursuant to Clause (c) of Subsection (1), the Board shall obtain approval of Government of Nepal.
(3) The amount to be deposited in the Fund pursuant to Subsection (1) shall be deposited in any commercial bank of Nepal prescribed by the Central Bank or the Board.
(4) All the expenditure to be incurred in the name of the Board shall be borne from the fund pursuant to Sub-section (1).
(5) The Fund pursuant to Sub-section (1) shall be operated as prescribed. .
(1) The Board shall have its own separate fund and the following amounts shall be credited to the said fund:-
(a) The amounts received from Government of Nepal.
(b) The amounts received from any native or foreign person,
(c) Amounts received from international, organizations, institutions and foreign government,
(d) Amounts received from consultancy and service rendered by the Board.
(e) Principal, interest and other amounts received from investment of the Board,
(f) Amounts received from other sources.
(2) Prior to obtaining any amount pursuant to Clause (c) of Subsection (1), the Board shall obtain approval of Government of Nepal.
(3) The amount to be deposited in the Fund pursuant to Subsection (1) shall be deposited in any commercial bank of Nepal prescribed by the Central Bank or the Board.
(4) All the expenditure to be incurred in the name of the Board shall be borne from the fund pursuant to Sub-section (1).
(5) The Fund pursuant to Sub-section (1) shall be operated as prescribed. .