(1) Preliminary General Meeting shall be held within One year of the establishment of the Trust. Thereafter, Annual General Meeting shall be held each year within Six months of completion of fiscal year.
(2) For holding General Meeting pursuant to Sub Section (1) Shareholders shall be notified before at least Twenty one days of the proposed meeting along with the venue, date and time thereof and such notice shall be published also in the major newspapers of Nepal.
(3) Quorum for General Meeting shall be deemed to have been constituted, if Ten percent of total shareholders are present by in person or by proxy upon making representation of Sixty percent of total share numbers.
(4) In case the Meeting could not hold due to the absence of the number of shareholders as referred to in Sub Section (3), there shall be no bar for holding meeting in case Five shareholders who are qualified to cast vote are present in person at the Meeting called next time by giving at least a Seven days notice and represent Thirty Three percent shares of the total number of shares.
(5) Participation in the Meeting, voting right and other provisions relating to Meeting shall be as prescribed.