Section 21: Functions, duties and powers of the Board

1)In addition to its functions, duties and powers specified elsewhere in this Act, the functions, duties and powers of the Board are as follows:

(a) to make recommendations to the Government of Nepal for the formulation of policies relating to industrial promotion, protection and promotion of investment and industrialisation and adoption of relevant policy decisions,

(b) to regularly appraise the policy, institutional, legal, institutional and procedural framework and modus operandi relating to the overall industrialisation of the country and make recommendations to the Government for necessary reforms,

(c) to make recommendations to the Government of Nepal for the adoption of necessary policy decisions on foreign investment and technology transfer, subject to the prevailing law;

(d) to make recommendations to the Government of Nepal for the formulation of policies relating to industrial pollution control and adoption of relevant policy decisions;

(e) to make a comprehensive evaluation and appraisal of the situation of industrial development of the country and make suggestions and recommendations to the Government of Nepal for taking necessary steps;

(f) to hear grievances of entrepreneurs and resolve, or cause to be resolved, the problems and make guidance to the concerned bodies in this respect;

(g) to make recommendations to the Government of Nepal if it is required to make an alteration or change in the level, classification and nature of industries;

(h) to carry out, or cause to be carried out, studies, research works, and surveys as required in the context of enhancing domestic and foreign investment in the industrial sector;

(i) to do, or cause to be done, necessary work for building a competitive industrial environment in effective coordination and harmonious collaboration with the public, private and cooperative sectors;

(j) to give policy guidelines on matters requiring coordination between the Province and Local Levels for the development and expansion of industrial enterprises and make necessary provisions for coordination;

(k) to facilitate the removal of the difficulty or confusion, if any, arising in the implementation of any law relating to industry;

(l) to coordinate or facilitate with respect to the operation of the one-stop service centre;

(m) to perform, or cause to be performed, other functions as prescribed.

2) The Board may delegate any of its functions, duties and powers to a body or officer of the Government of Nepal.

3) The Board shall submit an annual report on the functions performed by it to the Ministry within thirty days after the date of the end of a fiscal year. The Ministry shall publish such a report on its website.