Section 15: Appointment of the Governor

1) The Government of Nepal, the Council of Ministers, shall appoint a Governor on the basis of the recommendation of the Recommendation Committee formed pursuant to sub-section (2).

2) Government of Nepal, the Council of Ministers shall, for the appointment of the Governor, form a Recommendation Committee as follows:

3) While making recommendation for the appointment of Governor, the committee formed pursuant to sub-section (2), shall recommend to Government of Nepal, the Council of Ministers the names of three persons renowned in the field of economic, monetary, banking, finance, commerce, management, commercial law and from among the Deputy Governors.

4) The Government of Nepal, through the Council of Ministers, shall, out of the names recommended pursuant to sub-section (3), appoint one person to the Office of Governor.