Section 26
No Function Shall Be Void
No act or activity of the Fund shall be void only for a reason that a post of a member of the Board falls vacant.
Town Development Fund Act, 2053 (1997)
Chapter - 2
Section 3: Establishment Of FundSection 4: Fund Shall Be An Autonomous BodySection 5: Objectives Of The FundSection 6: Functions, Duties And Powers Of The FundSection 7: Fund May Collect Necessary Service ChargeSection 8: Fund May Collect Financial ResourcesSection 9: Bond May Be Issued And PurchasedSection 10: Power To Put Terms And ConditionsSection 11: Power Of The Fund In Case Of A Default Of An AgreementSection 12: Power Of The Fund Not To Be TerminatedSection 13: Protection Of Loan Investment Made By The Fund
Chapter - 6
Section 23: Rebate To Be Provided To The FundSection 24: XxxxxxxSection 25: Restriction To Participate In Decision Making ProcessSection 26: No Function Shall Be VoidSection 27: Oath Of Secrecy And HonestySection 28: Annual ReportSection 29: This Act To PrevailSection 30: Meeting AllowanceSection 31: Government Of Nepal May Issue Order Or DirectivesSection 32: Delegation Of PowerSection 33: Government Of Nepal May Dissolve The FundSection 34: Property And Liability To Be TransferredSection 35: Liaison With The Government Of NepalSection 36: Power To Frame Rules And Bye-lawsSection 37: Repeal And Saving