Section 9: Formation of Promotion Board

1) An International Financial Transactions Promotion Board consisting of the following members shall be formed to promote international financial activities and develop Nepal as a centre for international financial transactions:

2) The Promotion Board may invite national or foreign experts or advisors involved in international financial transactions to participate in its meeting as observers.

3) The tenure of office of the member nominated under Clause (g) of sub-section (1) shall be two years.

4) An officer-level employee of Nepal Rastra Bank designated by the Promotion Board, with the consent of the Nepal Rastra Bank, shall act as the Secretary of the Promotion Board.

5) The working procedures of the meetings of the Promotion Board shall be as prescribed.

6) The members of the Promotion Board shall be entitled to receive such allowances and benefits as may be prescribed.