Section 5
Power To Issue Promissory Notes:
5. Power to issue promissory notes:
The Minister for Finance may, on behalf of the Government of Nepal, create non-interest bearing and nonnegotiable
notes or bonds/conditions as set forth in Section 2 (e) of Article 2 of the Association Agreement, as set out in Schedule-2, in such forms as he or she thinks fit and issue them in the name of the Association, and the payments of the notes or bonds so created and issued shall be paid out of the Consolidated Fund of the Government of Nepal.
The Minister for Finance may, on behalf of the Government of Nepal, create non-interest bearing and nonnegotiable
notes or bonds/conditions as set forth in Section 2 (e) of Article 2 of the Association Agreement, as set out in Schedule-2, in such forms as he or she thinks fit and issue them in the name of the Association, and the payments of the notes or bonds so created and issued shall be paid out of the Consolidated Fund of the Government of Nepal.