Chapter 3 Formation and Functions, Duties and Powers of the Board

Section 23: Constitution, Functions and Duties of Inquiry Committee

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(1) Government of Nepal shall, prior to removing the Governor from office under Sub-section (2) of Section 22, constitute an Inquiry Committee consisting of the following, and remove the Governor from Office on the basis of the recommendation of such committee:

(a) The person designated by the Government of Nepal from amongst the retired Justices of the Supreme Court Chairperson
(b) Two persons designated by the Government of Nepal from amongst renowned persons belonging to the economic, monetary, banking, financial, commercial or management sectors Member

2) The Inquiry Committee may, prior to submitting its recommendation to the Government of Nepal along with its findings, record a statement and conduct an inquiry with the concerned person.

3) The Inquiry Committee may fix its procedure to be followed in connection with the inquiry.

4) The Inquiry Committee shall submit its recommendation along with its findings to the Government of Nepal within one month.

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Section 23: Constitution, Functions and Duties of Inquiry Committee

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