Section 20: Constitution of Board

1) An Industry and Investment Promotion Board as follows is hereby constituted:

2) Notwithstanding anything contained in clause (a) of sub-section (1), if both Minister and Minister of State for Industry, Commerce and Supplies are appointed, the Minister of State acts as a member of the Board.

3) If the Board so thinks necessary, it may invite an expert in the concerned field, any official or officer of the Government of Nepal or Provincial Government to attend the meeting of the Board.

4) The Board meets at least once in every two months and may meet any time as per necessity.

5) The member-secretary of the Board shall , in consultation with the chairperson of the Board, set the agenda to be deliberated at a meeting of the Board, and give notice thereof to every member in advance of at least twenty-four hours of the time for holding the meeting.

6) If any member of the Board has personal concern or interest in any item of the agenda to be presented for decision at the meeting of the Board, that member shall not participate in the decision-making process with respect to that item.

7) If it appears that a decision is made contrary to sub-section (6), the decision becomes ipso facto void.

8) The member-secretary of the Board shall authenticate the decisions taken by the Board.

9) The secretariat of the Board is seated in the Department.

10) Other procedures relating to the meeting of the Board are as determined by the Board itself.