Section 59
Power To Make Bye-law
Trust may, subject to this Act, frame the required Bye-laws to manage its internal act and activities upon obtaining approval from the Government of Nepal.
Citizen Investment Trust Act, 2047 (1991)
Chapter - 2
Section 3: Establishment Of TrustSection 4: Share Capital And ShareholderSection 5: Addition Or Reduction May Take Place In Share CapitalSection 6: To Be Published ProspectusSection 7: Application Of ShareSection 8: Share CertificateSection 9: Issuance Of DebentureSection 10: Transfer And Transmission Of SharesSection 11: Register Book Of ShareholderSection 12: Power To Take Loan And GrantSection 13: Payment For Share AmountSection 14: Owner In Share And Debenture
Chapter - 3
Chapter - 4
Section 21: General MeetingSection 22: Voting Right While Appointing DirectorSection 23: Matters To Be Submitted And Discussed In The General MeetingSection 24: Special General MeetingSection 25: Formation Of Board Of DirectorsSection 26: Disqualification To Be Appointed In Or Hold The Post Of DirectorSection 27: Remuneration And Allowance Of DirectorsSection 28: Power Of Board Of DirectorsSection 29: Meeting Of The CommitteeSection 30: Liability Of DirectorsSection 31: Recognition Of The Work Already Completed
Chapter - 5
Section 32: Function And Duties Of The TrustSection 32A: Trust May Work As A Debenture TrusteeSection 32B: Trust May Work As A CustodianSection 33: Power To Put ConditionsSection 34: Special Rebate For The TrustSection 35: Power Of The Trust In Case Of Breach Of AgreementSection 36: Power To Call Back The Payment Of Loan Before Expiring The Pay Back Date
Chapter - 7
Section 42: Provision Of StaffSection 43: Technical Sub- CommitteeSection 43A: Trust May Designate TrusteeSection 44: Oath To Be TakenSection 45: Power Of The Government Of Nepal To Withhold CommitteeSection 46: Liaison With Government Of NepalSection 47: Annual ReportSection 48: Government Of Nepal May Issue Order Or DirectionSection 49: Nepal Rastra Bank May Issue Order Or DirectionSection 50: Inspection And InquirySection 51: XxxxxxxSection 52: Privilege Of The TrustSection 53: Security Of Debt Investment Of TrustSection 54: Secrecy To Be MaintainedSection 55: Dissolution Of Trust May HappenSection 56: Appointment Of LiquidatorSection 57: Order Of Priority Of Paying LiabilitySection 58: PenaltySection 59: Power To Make Bye-law