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9. Functions, duties and power of the Committee

9. Functions, duties and power of the Committee :

(1) The functions, duties and power of the Committee shall be as follows;
(a) To preserve and protect the property of the trust with proper management.
(b) To search the property to be remained under the Trust pursuant to Section 4, within or outside Nepal; to find out the whereabouts thereof and to maintain the record thereof with accurate particulars.
(c) To cause to effect the transmission and registration of the property in the name of the Trust that should come under the ownership of the Trust pursuant to Section 4
(d) To utilize the property of the Trust in the interest of the nation pursuant to Section 5.
(e) To invest the property of the Trust in the activities of income generation to meet the objectives of this Act.
(f) To perform or cause to perform other acts as prescribed.
(2) The Trust shall submit its periodical plan to the Government of Nepal for its approval.
(3) The Trust shall, while investing its property in commercial sector to earn profit, formulate a strategic plan thereof and submit it to the
Government of Nepal for its approval.
(4) The committee shall, for the programmes to be conducted in the respective fiscal year, approve its annual programme within Thirty days from the commencement of each fiscal year, and make it public.

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