(1) If the Committee knowingly or by negligent, incurs or causes loss to the Trust, such loss shall be recovered prorata from the asset of each director. Provided that, the Director who has objected in writing on the act which caused loss or was unaware that such act is likely to be happened shall not be liable to bear such loss.
(2) Except in accordance with the approval of Government of Nepal, no Director shall perform or cause to perform such act to be benefited personally through the Trust.
(3) A Director shall be individually liable to such act or activity which is beyond his/her jurisdiction.