(1) The Fund may frame Rules in order to
accomplish the objectives of this Act. These Rules shall not come into force
without being approved by the Government of Nepal.
(2) Without prejudice to the generality of power conferred by Subsection (1),
Rules may be framed particularly on any or all of the following matters:
(a) With respect to the manner of performance of functions by the Board and
the Rules of procedures of the meeting of the Board;
(b) With respect to the delegation of powers by the Board to the administrator
and by the administrator to his or her subordinator officers and other
employees;
(c) With respect to the appointment, promotion, transfer, dismissal, salary,
allowance, pension, gratuity, leave, conduct, discipline as well as
conditions of service and formation of the service of the officers and
other employees of the Fund;
(d) With respect to the terms of lease and bond to be exercised on behalf of
the Fund without contravening the Nepal laws in force;
(e) With respect to the procedures of making the seal of the Fund;
(f) ……………..
(g) With respect to the issuance of new identity cards to the employees in
cases where their identity cards are lost, defaced or torn out or obliterated
to be illegible;
(h) With respect to the making of investment by the Fund;
(i) With respect to the well-arrangement of all affairs to be generally carried
out by the Fund under this Act.