Section 4
Share Capital And Shareholder
(1) Authorized capital of the Trust shall be Eighty Million Rupees and the amount shall be divided into Eight Hundred Thousand shares at the rate of One Hundred Rupees each.
(2) Issued capital of the Trust shall be Forty Million Rupees and Paid up capital shall be Twenty Million Four Hundred Thousand Rupees. Share of the amount shall be distributed as per the following division:
(a) Government of Nepal 10 Percent
(b) Nepal Rastra Bank 40
(c) Nepal Stock Exchange Ltd 10
(d) Other Bank and financial Institutions 20
(e) General Public 20
(3) While selling and distributing share of the Trust pursuant to
Clauses (d) and (e) of Sub- Section (2), it shall have to be done subject to Securities Act, 2063. Provided that, the Trust shall take approval of the Government of Nepal while selling or distributing share to any foreign Bank or Financial Institution or foreign citizen.
(4) The Provisions relating to invitation for application of share, call for payment of allotted share and distribution of share certificate shall be as prescribed.
(5) Each share shall be indivisible and shareholder shall be entitled to cast one vote for each share owned by him/her in General Meeting.
(6)The Liability of shareholder shall be limited to the extent of the value of the share owned by him/her.