Articles of Association(English) - Nepal SBI Bank Ltd.

Anid6 ol A'coclatlon
NepalsB| aant Lld-
IncoooPred Undd th€ Companl'B Acl 2063 {2005)
(Llabilltv Llmited by shaffi)
tr*'#itrtrf :ffi :iTff i: :::#ulJ,E i:rJ":ir sank Lrd " wh ch s be oa ed
qd!r!e! unLessoihe se sraEd wth €fe€n@ to th€ subiect or @*" '*""-lT::
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"""g!r'rrlL-eurur,rr-eint!+* 1T'^:^t:l:"*,::,::' T"t"'hi::i: Ii:
pEvairino tlw R€ratiio to P{iks and Fi'1:!41|!+!sle!ah::::^":*:::i:Tli
r'r€mof.ndum m*ns MemoEndum of
of lhe Bank
'GsocFt'od
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^""* *-ar"nt"."a" u,","to t,o. ut" ttt'
'ro €! aarced to l3te lp ar le'q ma s' aF dd ahpd F' he
l*ffi i.-" L'.ii " " o'"ote ol *e Meho€'drn a{ Ar''
to *Lb!sh lhe Bank
(f) E! njeans lhe Nepa sBl Bsnk Lid in'orpo€led a3 pub c limled companv und€r Preva I
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G) cofp.nv means NepalsBrBank Limied
(h) Eoard or Dlr*lo€orBoard meanEthe Boad of Dnedors ol the Bank
., t*r* """.", -""" orrle Boa'o o o€'lo4
charman aid 3n allemale Dtrecbr
0) ch.h,n means lhe cha rman ol the Boa'd ot orec|r6
il mm**lnmi::xff :ti":"ttii::,Ti3ci"'red
companv secrcbw
P'sdlr 9 a{ F.ralFs lo conpdr€s
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^epal
se''ebrv 'r ['
bvrheB'ad'rDnec"rs
RaEt€ Bank in@Dordred undef ibe NepaL Rasr€ Baik Ad

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orPes Fror dPnlF!.t !"u q eorBu
1q Customcr meais anv ndvd
r) GencEl t$eerino meais
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9!!Ien.rnsa.r'!iro I P sidP'rp r
sh.rchot&I m.ars PE 5on hoornsi P
Meer 13 3nd sP..3
Grr sdin€ accdd mftN an
lbrrj Filed Accounr meais di 3"oLrt 'r
i!nds depGred \rtF: b
;.re, *"-',''P"""re herP a rr id:
(a.) Fii,ncialYear meai3 hc pefDd '€g
rq r'r Sfiaw3r aii en'rnq iie ro oe fq
(fl !sa!m*rsDinmd *a orthe Bmk
iqql q9!e4!qqmeal' dcoent f
by the Bani rnd.r.urcfl
a .rt

do.rme^t ssred bv on. person lo ai'l\er d re'li! lne
3iter lc PaY tfe spe'l€d sum or mone! Lvlfor anv.oidrlon on rrre specled dar€ 0r oi
o.nard 10 3i, spa.rted PeE'i or r fie peEoi ddsgnaied b! r miie
ihrl BiL of Exchanae neans 2 sqneo
0st sor dalgitn.drfcdii
a-tr* t,t.' rre seP'o1e 3rd e er
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r\r1) Neootiabk hstrumeni nears pron ss'n noles b

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izzl uJods mpo.lns re sngu ar
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4. Pncedurc lor conv.nino i'eetiros ofrhE Bank and M
rrl Tiocel€ra r!4eernqs or the
ra) Arnra GeneE rrl€eti! 3nd
(bl sPeta GeieE Meern9
Gene€ Meerng or
..s!re or Barlsinai.s r4r as
Ge err MPe ig rn i r5
^nnrr
fonl\s lr'm lhe d3l. of
ol soe.a c:nela [l.el iq 'ial
|q

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5. !!.e4!!!!.:
sam€ass@naspossD|e
"tr"1H"'j,:T#-T;.T:"f1,[T*%R**:1iJj;',l:1"'fflJ:lli:
shall nol be deemed !t hav6 ben fulfil €d
The quorum of a Genea Nle€ting
$€esha€hod€B n Persoi or oY prcry who logelhef €pfes€nt mole lhan
of the sha€s aLloted bv the Bank
Pbr''deo hal I he neel!
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6. Proc.du6 0l G€noBl M"tino:
(r) a I Genera Meerh gs shall be presided over bv lhe c harmsn or me
Irlal iumber oi rhe shares
), h r^. absen@ orl e cfrrr rtGc'e€'V* r9 sra '
b' o es'o'o o!' b!
- lii ;" o o'

(b) h ca$ tEre is anv subjecr notred for discusson in anv Geneml Iv*ling which has
besn adjouFed
rod fie vdFs laqr F oqle
r€sL rl ar rLrP C€tra M* 19
r!0, rnedemanorbtcpo srar rol oFvelr lle @nl''Jan-e ol d F ee!' 9 lo +atr$rl'o1of'1
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(11) Olh6r p@vrsiois rel61ing lo c€ne€l Meelmg shall be as orescdbed under tE Pre€'ling Law
Re atinq ro companEs
s6cial G.ner.l Its.tlnd:
t' soa a Ger. ar MeerT std
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rn" p-*tus r- n" a'g tocotp'n"t
2 on" oovlor. €dl''S ro rpe 'a
GeFG \4*tr ehd be 4
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ep€'
' '€ / orcvddd ro' $e qp.ccl
Pda Lino Law Relating lo Com9an es
rhe Dtre.io6 * rbe 3ppo'nr€d and ere'r€d bv €'h oi lhe
Pubk C6up respechverv n pmporl'on ro rlie eha€s or Lne
Provded. the prcreseonarerped d rerio' +allbe appod'0
b rhe Prcvsons sr Puated under a
Ba^k hed bY each or ri€ groups
by the Bmd or Direciors. subjedt
rneBoa6o Onedoao rtBa+ qa' orss olSr€nh"r"1di5ebr'd'ol
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"o'Pq'.rd'or n'FcBoad:'a oFa'roo{s
Membe6 nomlnaled bv Ih€ sharcholder €p'esentng
lhe Promoier soup (Group a)l
(0 srat€ Benk ol Lnd a (sBl)
(D Employeas Pdvdenr Fund (EPF)
i/rembe6 elected bv the sha€holdgc €presentnq
GeneEr Public GrcuP lcfoup B)
Prctussonal experr ro be nominated bv the Boad
puEuani lo A''r cl€ 16 ol lh*e Ad c €s
' t,:""':::Tfff i,il ;5*' il3if:,ifff*:":'j"i'T:$[": il";::g:; :l"'ffi :
e s ble for €appd'nhenr
n, [ffii1ii..............#l'&"',i,i",1":ffiffffi::1i"3""i::i#"$"",i1-*i!d,ii1T$
:xrH ::n r";,-rmi:liril",jl.;:1 fl$:lTJ:n::"l iiT::'.;: ".s:; T:

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o "BorooD" o a cda 40-o-ooo o t6
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*res.ii iq sia,eho ders r're sBL
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'rre'rh3n
r7l I 3 d ie.ior rep"osentia Gener: PJb
' sh3Eho ders (Grcup B) b be €no€d i'r tE
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13) srro! d h. d qL3lr.al on share
P€v.l { La$ Relalng ro c'rpBi es
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!a jed lroi betrq e e'l'ohcnr ia

9,
(! No Dnedor e{cpt ManaqLng Dtr€clor shar nbrlbre w$ lh' roulin€ busness @laling to lhe
manag€meni of lh€ Bank
lgl Every D redor sha @mprvwm lhe d re.tv* rssued bv Nepal Rastia Bank frm t he b nme
'r corpanr secaEry sfa >"{ro'@'sd re*1s's
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iredhqs !!!!qE!g!!Ld qji9!le4:
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(b' sfdr be flo f re'-P6cl19 La^ PedL'g E Ba r' ard
"ti"-'-ot"*"' r' ' tr reer'rg
' oeAo' io'Ae le On'aolco-sa rltro
s;ano r p. rar mprer' i1,1.rp', te 1rc'qFihe'ar61dF'
.ii.i* "ii'"!'J
i o--. o'ovdad*ardr easrt$odi.oaFdee"r58 i !s:::
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or dfRd.ep.e' EsB'
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a'er ! a eo b/ r Mc' aS''s Dne f ar" ot5"1
A O Eflo rro b
;";; ;;";"' ( ds' Ls'eo' (r neeras o he B"r or D -ro'> a< Dr\ided r'lP
i,i'"'ii'" ij" i"", . c*"
cecrrq o B'rr\ a'd F d'
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o Fe Bocrd o',
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he o te!'s'Fevnec^c
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ols aso\ aaoi' o''i'
'brse'
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the cha man sGnls pe i$onlodoso
s, Pdrcurc'' rM lLr*, oarc 10 tle %r* ot Dredob p-eFT 1
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"..e""k b"'s'"" tv he D Fdoa p 6e1 rre
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e^orcsseE any oP'n'on opp.sed b
(9) The M nute B@k musr be kepr secret
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'1ol Ar! Ioh o' deu.or d(h "
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enired b execule ormafe mav be eldred or mad
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t1. Specrtt Prov'sion. R€.ardlno ADoolnh'nl oroi@roE:
No spec a prwLsions regad ng appdinxnentof OEcbF tuve b€en made Dre*nlv
Minol* ol the G.nsar lleolino 'nd
Povlsion' Rela{no lo lnsD'ction
"d
R€'ei'i ol coov
,t' t*"-, *"',*.n'*nriaBlattblF
p!'tsdnos or ta Ge1'€rv4tia ''
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c6'e a Meeu 19 5FJ
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-'.'" a..,r*"i.i.a o te BJ+ orre oqi 6 "o '
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riinimum Nunb.r of sh.res to be Ac
.L.cred to rhe posl of a Dler or
D €ctoE rep€sent^g sBland EPF
ihe Bank Howev€r lh6 qua f€llon shal
a^d lhe pol6sLonal expert D €clor t0 be
(r)
(2)
Perens other than rh€ shai€hodeF ol lhe Bank sharl dot be e g ble lar beng appornre as
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ro€rld oF oeFol orv{ A Jo
a'ed b\ "'r 1e c50'"
or4Ed +derobe
or lnP 6
rdrolte
u -.*rar€1or6unda cskd r aDrc'r'*o'Ercredq r:
5 ro,'eo,o "c "'rc'b"'o''|epo€eorcis 0r'e
:";-;. s;';;.*'* .ss'€o a, re F6ao o-(e or tsP
belore fE I me for $e meebng
l^ ase e authonrY or Pro4 's
@
before rh€ time pE$ibed for re m€dn9
prcxy s appolnled bv can@llinq fte

' ["'i:1"::r *:ifu l]*";;;:T;i'],:ii''''1f i alor or o' 4 p "v * oer
- h @s- ue (,c,er o "B€*,_" ** *": :"":l,Xt:::i.[:,::,_**il::
Govemment ot Nepar or olher 'omdate
oodv me Pl
"ru:l
E!s!!le-!e!e:
:l*i'u,m f""]l$ i"" li,iJilii":'-'1':li.l1.'xT'i: ilfi :1
minor sharehorder.an atcnd a.d vole in the meet ng or appo'nt pmxv on h6
:ti::i""i::ffi"" g:if :l"ii,l:'ffil1lil"" jtrffliiH'
t6. Pdlsions Rel.lind to AoDolntm€nt or Por€$lonal E:o'n DlEror:
rne Boarc or onacroi qra aprcda066d'e'o*D'-ddrorrndq
f;'"#ill"*:;jj::.:l*::; ii:1i.3'"li,"i"Jli l" :,i"' l3:1
!r comp3ni4 and trrese adaEs eacn
;;;:;J;1debe.o..(Dr'!@'-
rr 6*rd o'he Bar
Apooinlin€nr ot .narh. oltecror
J,:lt_";.*.'* ::r :,1y ;'i:i ";1lt i"i^'""tji,:f
"T*i:ftiiii
i*n,,r-s rr'. u.moaoum mo
hade behveen the 6aik and sBl
re. ouallfic.lion. emuneEtion- Lds tnd co'dnlont or teryE! a!C!!!9!e!!'!!!l!9i!C!9!!E
ot rh. Mtnanho Dibctot:
r1r Ouarlioalon ofthe Managinq Direclor
ro Banks and Financial Insiitutonsand
L2) The rcmuner.rcn and othd seto(e
shan be as p€scrib€d under th€ P€vailing Law Relat ng
Prryail rc Law Relat ng tocompanies
cdnditons ol lne Manag'ng Direclor
the prov sons made in lhe T*hn'car
r3r TheManagns D redor sha hoLd offidg :f TJ]JH:IXT:I'HTfi,H*111U5,:1
(4) rhe fun crons d ut * and po*6 of the Manes'ns Dnedor
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3h ar1 be as fonows:

(b) To prepare annual budgets aid sclion ptan ot $e Bank and present nrese beioie tne
BMrd of Directors ro' 3pprcvs
(c) To manage ne€sarv human resources subjed lo rhe slatl sedice bv€re$ oJ lhe
-9Pr6{s lor n ol'trenl'g lle d'fl5'o"c or
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B'o'd ard
l|l€ G;r€a Meer'rs aFo he D'€crNes or Neoa' Fas' BarL
oal'La6 do1lenrq detc'o'> ar llrr5re'eqinedio
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lh€* Ad'cres.
(D ro perrom an otherrunclions prescibed i theoperarion orrhe Bank
(5) lhe Msnaq ng D €clof shan ba ac@uniable b lhe Board for hislher tunctons
chiet AdnlnistBlor oI lh€ B.nk; The Ma^agins Drcdor sh6ribe rh6 chief Adm nislr:br oi rlre
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r Al n rc onr s oe p€'lofto crd a lr'owesrco'e'4 eedD
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ils Ju^clionslomuale necessaq bveaws
t2, Tf Boa! o O
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ar. ." a. D
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of f oea'esorrEBal a:E
'*". '" ",'"-re.porde' € o' 's' 'eeor'do'
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m -5 oG> roeo Dv rhe Board d D
,4, tf" Boar o D'.b\naYFegJ.ror'ori'oo@'!
l"Cfa r"' a /D"!o' o
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lre Chricr, Dtrso' Srb Cor lnee rcmPo b ne B@t o!ora(@F vclas B D eclo
i^-]i,"".i'i . -' * 'dlr
t'r -oap6rvo' 1suLLd11'do1''das"1- e'L'/ecFer
;i#;;*;;;;aqi"* ** rhe porers vesred hifr/h€r/it und€r sub'adicre 14) above
. "r 'n
i orea s *6",o.a* -a* ns/herrb own r€spons b' !
.6 OFe p or >o's rea r g
."*m"p**.q'""p"
lo companies and oiher prevai n9 ews
;' ;;i;ine Brlr o, ; s'a€1
l)

hts s\3€s reg srered
s!.Lr duesfron tie d ! def0s
23 p ffe€nr rvoe ol sharcs Riqhte and PriviLedes orthe shaqlslllss
rddrvde4rlsoa'r'bethereon
aid retolel
121 ]t€ srarcscdeE ol the Ear( nra be enlt€d r' ihe prv ca* ai r9re irEreir b he
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mdntv shr* o1a 6nrrv i lerms '1lhe
provsons trace n tie oreva rng la{ reali! Io
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rcdeem:be ai .ll]er lypes .f p
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at'' p'*"r's a*s rh"rlres crrie Baii mJ/
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f/ dher f6n h'
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c-elelsetherwtrrhe
ro si3'e lf.isfefail lr0 3i3r"nr'aG
Y-as'rbr'rree iee'srear'q
s €'cved :ider s!o
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r2) rrerY siareiodsr sha
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l'fi shareiodeE 10 tte mi€ry a lheparneGof
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L.l:".';,; ";t a"a"" '.""'"*-''"' y ' ', the tdra nlmberorrontc
;;.."d **. *. "morE
lrruvnspaftf:E :idthcvshalileib'3 cwedloop'eb I
171 n case the g!a4a1.r a mn.r shareLroder or ola shareho'e' \|ho sdfunsouiddfd sa
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Pres.rb.a !nder et stng NePa L aw
s bee' menroied
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d'vs r'om the date [Fci rersh
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PrDvded lf.tth s rc5rr'1'n sha
rr2J ol\er Prcr n.rs rear ng io s
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rn" e'"' "e'*
n"a nq i' "mpa'
es'id thd'rera rq
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n'"t']. t e-* -o
r --. n{rrt ois ard orier oreva is 3*s
3ph.nddre=hpoaelib'oNcnru
Nr.|,

Pdvislon. Rol.tlno to RemuneEoon 'nd
F cllhi* ot Dlt4lo6:
mefng elowan@ da v and fav€lns allo@n@ and olhef l2clties
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',".,'", and dE o'r'e lraraq'is DrcD' o r€Barr +c'be
i""r'*"["a tv ," e""d oreclo6 "i"r'6 and as per the made in lhe Techn]€l
"l
'rovsons
S€Rices Asreement berweei ine Bank sBl
'nd
(b) The meeung alowanc6 to be pa d lo th€ Dnedors shall be as under
chaimanorrheBoard Rs 10 000r perm€etng
The membere or ihe Board shan be pa d meelLng allownde $ sbled above ror atend ng the
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(c) The daily 3nd tave idg a loMn
"*; * *" '"" 'eunr o'anv sub 6mmit€e(s) ro'med bv rhe Boad
(a) Forr6v6 wihii N€ba lndaandBhulan:
. Daiv (Hatng)all@ance equrelenlofUS$ 100 perd'em
. Lodgins,b4dng atrdtaNp
Da v r,{arrr a'o."re or' s$ 5
o*.ro

-
.'r"ir,.,-a """--" " rre ror dnd saod're b rt 0'
r3r WtF.rfvenonftalE loPe p''{ of eacl lsG /ear'me-Bdr'! sfa pepaG t" baGl@ sreer
'
lhe Baik shall. u^ess ou€Nise pemited bv N€pal Raslm Bank
;;; ";" '"'.,*,,'
-.' ru@re' d d dr, 5
;';;";
^or 'u'.
";;--";,," *' " 'b€o b! Neoa e"s ra Bd+ ard lave eroied c tr1
''€a
*"-","'""-'i. -"'* "s'"0 b' a' r'aq M o€ctoa F vctsig D € lo 6' d rFb
ia --"' m"i,'" -.t t" ""
(5) rh€ remuneraion or
;,+;;;-;*' r.. ,
'b, w. e roPo' TelaLo'o
appo'lrha pJoio' P'd"deo 15r FeGelcrar MPcLrq
rhe audlbr shan be as decid.d bv
^i* o*i'i s"" - *."e'|dato ot ADi conr b'b be
;;.. t", *'.r" "' ',* rhe €rc o,
'r aa,o'50 apo
coi@r"d oh.e* h l t5oa61o
7, rn @se tse Barr '" s ro "a!e rl> trrcnh &d Fo sr 1tA r
' ' ia't l erroa"d -' dc' sJb
l.li i,,"-"1".
';"""'.*
;;:,"., .;;;^"..,"; .; "" "
"' B;;,-:;" .;";;i"""'"."
re' a$ t €pon lo ooh he Ba+ a
iI,,i,,"""..;-r'"*e,.
€se a shareholderwisrr6lo nspeci Bank s updated a@r€ rhe B
"' i" "".1i," ''*; ""'*
Pr€vaii nq L:w Relalin g to co mpa ni6-
There w Ll an Aud I Committee n lhe Bank
commiil* and olher prcvisions €laling to
Rasrra Bank and lh€ prevarllns arc
P@vLlons R.lall.. to Loan.otD€bonere6:
pmvBions made m lhe P.eva I n9 Law Relaling to
rerre M' bec"tueo ooosob!.'pBad
o|FeALdt.alol5e.hgpTf
a sd'idrA€&r
consutulion lunolions, dures and po@6 ol lhe audn
rhe Audt commill* shall be as p€sdbed bv Neps
'n€seo FaL'ere' t rr€ Bcr'r4 3narsdraFd oedr'gaf2Fd$|5
,;.,;; b;r,. ""
u" f.-""r,*
nst tuiions and the Preva I ns Law R

P@isioN ReE!rql9-qj!4!$lE
O) The Bank may dsare dvdend or mGm dP'd€nd out of lh€ nel poll afier tu f ngalrhe
€qunemenls ol Prdailing la$
(2) The .mouni oi dividend and nrerm
divid€nd shaLr be a3 @ommended bv lhe B@'n or
(3) Th€ Ba.k sh.l obta n appbval or Nspal Rasta &nk taiore declannq end disldbuling
r4l Dividend wztranls shan be $.1lo tli6 reg3tercd addre$ of sha€holdeB nthe€seot
'-' fi;";;;";;;;i"" ;b*'rbed to bv stare Bmk or rndia {ch divid€nds sr€ be -nveded
iiii-ili,iri i; "i"ii"v
+**, bi siaie Bdk oi hda d the rhe or decraEron or the
a"'a."a"" *o agnro.a
as dvdend wa'ianrs
I rr sra€tsoio.4 P'o's a rb nr" o' e
16r orher DrovsLons relaling ro drvden& shallbe 5s pr6*ibed underthe p€va nq Ld Reratng
'-' t" c""io- * *a P."ilhs
36. lns.*lion olShad R€trGbr:
(1) Lnca*asharcholderotrheBankdesnesb nspectthe€s'stero
Provided lhat the shaE rcg slei mev be c osed tor nspecloniora ma rmun penodor30davr
at a rime but not ex@edmg 45 daF
'n 3 yea' bypub shnga notc n a naiiona ne$paper /
(2) Any.haEholder w ry !J oblan a @pv or $e share reOisler sha be provided wth a copv
rh€reof by the B.nk afte. chaa'nq Rs 2/_ pe' page
Prcvi€loB R!E!!q!9&4!!!l-94!9C4r
(r) Th€Bankshanappornl.companvsecELrysubieorioth€provsonsmsdenlhePrevarnq
Law Re at no to cofrpanies
12) The lems and @ndtons oflhe eMce ofthe companv secrelarv shalbe as presdbed nthe
sank e Slztl s€frice BY€1a@
13) Funclons dutes and pd€.s of the companv s€cdary and other provsos Gral^g lo
'"' b..-rli.v s*.r",v "r,"i
u" as presd bed under the Prevairins Law Rerar ns ro compan €s
t3. other N*€*.d Malt€E:
(1) Th€ Jinancialyed oflhe Bank shallbegln 1rcfr th€ ld shrawan and €nd on nre asl dav ofthe
monrh of Asadh the idllNrs Year
(2) rhe .bi q 6i $€ sh.rehold
as€edtosubsrbebvlhed
as di€cled bv Nspal RastE B€nk submi iis linancLaLs and othe' necesary
''' p"n'J"" t" rcpa a*r," *;k w'rhi^ the trme rram' in rin
"d
14) ClaLmsofenv pe6o^ other tlian lhe aclualdep4tor to deposib made sth the B3nk sbal nor
" i".""n","1 m u'" *-t rh. deerh of Ihe d€posiror thepe6onw ed bv him/h€r' ianv
i"air ** o"*n"*v a* "f o'"".
"
ed bv rhe dep6tor' the

su ivingper$nftomamonghis/h$relalves.iithatollowingordershaLlhavelBtttlelosuch
(a) Husband or w l€ livl.g n an undiv'dedtamilv
(b) son or daughrer or adopred $n or adopled daughier' v nq
'n
an und v d'd tam v
(c) Faher molher, g6nd_son. orsrandtraushrer rrcm rhe sons srd€ vnq rn an undivded
(d) Husband or wif., en, unmaiied daughier, father or mtlrer who is LMno sepaEterv
(e) GGnd rather ofg.and morher olthe h$e/s side, borheror unm
undivided ramily
(n Nephew nede, or srep_molher rivhs nanundvdedrbm'lv ora
vho is rivins *Pararery
rc) uncre,wdoredaunl.ssleFin-ry(eld€rorvounserbDlherswte)orsEndjaushleFin_
lfllivirc ii an undividod rad Y
(h) Bonre6 vins sep3rately
o Mairied s sre6 gEnd-faher q End_molher. w d@ed dau q hter n
eoderolpdortv ihedncemed h
to lhe sn@m€d deposi, snd in €se rhe€ s not ev€n a he the dep
ihe Gov€mm€nr of Nepal
(5) Amoonlsdepsl€d wi$ lhe B.nk shaLrnot be handed over lo anvone ullrout lhe approvar or
Ba+ 'fd' d oe co'lsFd ro c
" ,;:';;;."-J;; r" p".", *" t*
-* ij"o t" r'a* .*ea "o"t- e from @nfs.alids the deposit I a
;"ed oul by pleds iq ilie a.ounl ol dep's t Ltselr
's
depos I €n b€ @nli*ated as pd lre prcvaihg las
tre Ba r a.d :i-qtoadr aE 11r'rano +gadt ts a(@1"6
co atera or n lhe @ses where rh€
s ln€ Bcr. sEn sdor'l m N€pd Raqt Br'r oan JaG o
-
-., . *.""" eo PFvdrrd L'4
""0
-o "
'te '"
'iil,'i"i1J",lt" "* r'-oa t^"rlutons ror rh€ pasr l0 vea^ with'n rhe riBt mon$ ot everv
submilto Nepal Rasl6sankpartcularsdrdNLd€ndspavableloshar€hode6
I
io crarm psvment thercor wrh n rive veac iron
'"' ;;;;""."d
ir," 0". a o"**." "h"*h"rd"" u a,"'o.ids with n rhe rnst monrh or everv r s€r vear
""
,ror rh€ sha€s of lne B.rr s1
'
"li*J''."'"'-a. -q'1 E P€€nE Lat F€r.hro b B
L*"t"o o
-.p""i""
*"ur bes. the Memorandum d Associat on and rh*e Arr'cres
""0
oss bt €aso' o f€ 6+ @rp!
,","" w ii^---
" ""p" . ca'r. Ba + roer-e\ep: R
p"'"rr"ir 1," n",hg t s-k" 'eoar and FrnanciarrnstiturLons or tures
4",.t ri -tp""*t"" made bv him/hs shaLl be enbftaned nespectve ot anvthns

snraned in the conlract concluded tth rhe Bank or n anv olher atrangement ol ihe Bank
exceol in lhe case of anv uiaolhor zed €xeos€ ol $e poweB
i12r The Boad of Drecto6 mav es per lh€ need lomuale and mplement manuas gd'de nes
t J cr b' or'd o d stsbLtsd
- .rn"tt*roo"oovtra gu"lote lndrrEdrvioe'd5dpp'ovedbFeGele6rMeel19
14, rne Ba+ Tay. tr r1€ purpo ra e rdEgerelr 'olsLlatv
;;.,";-'*-,;.n r

;;, ,. .".
n",'"q "
C..p-* -,*.r ote a(s amed therelider
provd.d trrar they shaL be he d nd
ltenlrona feg qei.e
'
""; ""..
",i,. *,i *"* * '",
3rd acrons penorm.o
,epea ed as ler sub Ad. e lar above
*".;:012) or &nks Jid F ra"3
e rme tr 4'orfoEtDn or lh s Ba
,"'"0-'u""i""'." .s""."
e I s9falES sfa
i1r ft . &nt m:v n.r vo !d3r v .0 de:e l3e r*rFoLl he p'or a'pr
r2j i.:sc an app..t.n ro. vo
itlnd€ sLbAi'el'rabore
'-' N*i,.r," e,* ra r t "'ir"terr "r't' "'-*arv
ivensdons riat rhe sair s n a
.;"
"
."
Li) other P-o! s ons re 3tfq t.
''' i"" qla.,r "
e-k.-".d.
rh' Preva rtt L3! Rerrne ro compan*
"."".""q.0* .".4*,,y,tt,tr"Ott-otc"m0arvReqsftaf
re'ods e=me

12) In €selhere 3.ny anendmentinthe N€pa Raslra BankAct 2053. Pr€vaihg Law Reaunglo
Bankand Fnanci. lnstitutonsandPdaiingLdRel€tngtocompaniesaidprcvarlingaw
omulgation ol n* Acvlaw in repl
t'e povsons -.ae under tl* ArlEL* shalautomsli€llv be deem€d ro htve b*n
am€nd€d in a@rd€n@ with lie prcvisions or such Acvhw
42. (umber ol sh.B3 Ao6d to Sub6cnb€ bv lho P6moL6 to:
wc ri. Lrdetsqled pers$ sFo
qabed beot d€ de'lue ol
being ioim€d iilo a publc lhited companv. n puGuanoe ol $is All
respict'.rv agree lo tr,e up lhe nudber ol shar6 in trE capila or the @mpanv *t opposiF ic ou'
EpesentdbyM,sklhrya
soomaiRE'D.FlyMamg'ng
sd!ftl
M LnsaBj rdpah as.{an
kmd;n sa'6aYa r6h
(EPF) havins 6 R4 3re'ed
kahnand!duyrep€.eddby
i/'
'.i.
)
):
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