13. Fund of Council

13. Fund of Council:

(1) The Council shall have a separate fund of its own.
(2) The fund of the Council shall consist of the following amounts:
(a) Grants received from the Government of Nepal,
(b) Grants received from any foreign governments or
international organizations,
(c) Amounts received for having done or provided
research works and consultancy services,
(d) Amounts received from other sources.
(3) Prior approval of the Government of Nepal shall be obtained in obtaining grants from any foreign government or international organization.
(4) All amounts to be received by the Council shall be credited to the account to be opened with any commercial bank.
(5) All the expenditures to be incurred by the Council shall be chargeable on the fund as referred to in Sub-section (1)