Board of directors of association or society - NEPAL MONETARY SOLUTIONS (NMS)

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Friday, March 28, 2014

Board of directors of association or society

Board of directors

(1) Every association or society shall have one board of directors.

(2) The formation, functions, duties, and powers of the board shall be as provided in the Bye-law of the concerned association or society.

(3) The tenure of the board shall be as provided in the Bye-law but shall not exceed a period of five years.

(4)The board has to get a new board elected prior to the expiration of its tenure.

(5) If the board does not hold the election in time pursuant to Sub-section (4), any member may give information thereof to the Registrar.

(6) Irrespective of whether information, as referred to in Sub-section (5), is received or not, the Registrar shall hold the election to the board within six months after the expiration of the tenure of the board.

(7) The previous board may continue to function as provided in the Bye-law pending the holding of the election to a new board pursuant to Sub-section (4) or (6).

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