Section 6
Power To Raise Loans
6. Power to raise loans :
(1) For the purpose of providing any sums required for making any payments out of the Consolidated Fund of the Government of Nepal pursuant to this Act, the Minister for Finance may, on behalf of the Government of Nepal, raise loans by the creation and issue of non- interest-bearing and non-negotiable notes or bonds in the name of the Nepal Rastra Bank, in such forms as he or she may think fit.
(2) Notwithstanding anything contained in 16 Clause (11) of Section 25 of the Nepal Rastra Bank Act, 2058, the Nepal Rastra Bank may, on the basis of the notes or bonds created and issued in accordance with the provision set forth in Sub-section (1), disburse loans to the Minister for Finance, the amount of loans so borrowed shall be repaid/returned within Five years after the date of such borrowing.
(3) Such moneys as required for the repayment of notes or bonds created and issued in the name of the Nepal Rastra Bank under Sub-section
(1) shall paid out of the Consolidated Fund of the Government of Nepal
(1) For the purpose of providing any sums required for making any payments out of the Consolidated Fund of the Government of Nepal pursuant to this Act, the Minister for Finance may, on behalf of the Government of Nepal, raise loans by the creation and issue of non- interest-bearing and non-negotiable notes or bonds in the name of the Nepal Rastra Bank, in such forms as he or she may think fit.
(2) Notwithstanding anything contained in 16 Clause (11) of Section 25 of the Nepal Rastra Bank Act, 2058, the Nepal Rastra Bank may, on the basis of the notes or bonds created and issued in accordance with the provision set forth in Sub-section (1), disburse loans to the Minister for Finance, the amount of loans so borrowed shall be repaid/returned within Five years after the date of such borrowing.
(3) Such moneys as required for the repayment of notes or bonds created and issued in the name of the Nepal Rastra Bank under Sub-section
(1) shall paid out of the Consolidated Fund of the Government of Nepal