(1) The Board shall, at least Three months in advance of the commencement of its financial year, propose and submit programs on operations to be carried out by the Corporation in the coming financial year, statements of incomes and expenses of development works, capital investment and details of additional employees, if so required, and financial statements to the general meeting for approval.
(2) If the Corporation desires to do any other special business, in addition to the programmes already submitted pursuant to Sub-section (1), in any financial year, and it makes a substantial change in the proposed economic cost, the Corporation shall submit such supplementary programs and the costs to be borne when remaining and amounts to be received in the said financial year to the general meeting for approval.
(3) Until the provision of the general meeting, the Board shall submit the statements as referred to in Sub-sections (1) and (2) to the Government of Nepal.