Gorkhapatra Corp Act, 2019 E
Gorkhapatra Corporation Act, 2019 (1963)
Date of authentication
and publication in Nepal Gazette
2019.12.30 (2 April 1963)
1. Gorkhapatra Corporation (First Amendment)
Act, 2028 (1972)
2028.12.20 (2 April. 1972)
2. Communication Related Some Nepal Acts
Amendment Act, 2029 (1972)
2029.6.5 (21 Sept. 1972)
3. Judicial Administration Reform (Fourth
Amendment) Act, 2043 (1986)
2043.7.24 (10 Nov. 1986)
4. Gorkhapatra Corporation (Second
Amendment) Act, 2045(1988)
2045.7.10 (26 Oct. 1988)
5. Communication Related Some Nepal Acts
Amendment Act, 2047(1990)
2047.7.14 ( 31 Oct, 1990)
6. Communication Related Some Nepal Acts
Amendment Act, 2055(1998)
2055.3.10 (24 June 1998)
7. Communication Related Some Nepal Acts
Amendment Act, 205 7(2001)
2057.10.18 (31 Jan. 2001)
8. Republic Strengthening and Some Nepal
Laws Amendment Act, 2066 (2010)1
2066.10.7 (21 Jan. 2010)
Act number 64 of the year 2019 (1963)
1 This Act came into force on 15 Jestha 2065. 2 Deleted by Republic Strengthening and Some Nepal Laws Amendment Act, 2066.
An Act made to establish and provide for the Gorkhapatra
Preamble: Whereas, it is expedient to form and provide for the Gorkhapatra
Daily as a corporation in order to elevate the standard of its publication and make
more timely and popular and effective by taking outthe operation and publication
of the Gorkhapatra Daily from the control of the Government of Nepal any by
forging the involvement of the general people therein to the extent possible, for the
convenience and economic interest of the people of Nepal;
Now, therefore, be it enacted by His Majesty King Mahendra Bir Bikram
Shah Dev has in accordance with Article 93 of the Constitution of Nepal.
1. Short title, extension and commencement: (1) This Act may be called
as the "Gorkhapatra Corporation Act, 2019 (1963).”
(2) This Act shall extend throughout ………..3 Nepal.
(3) This Section of this Act shall come into force immediately, and
the Other Section shall come into force on such date as may be appointed
by the Government of Nepal, by publishing a Notificat on in the Nepal
2. Definitions: Unless the subject or the context otherwise requires, in this
(a) "Corporation" means the Gorkhapatra Corporation established
under this Act.
(b) “Board” means the board of directors of the Corporati n.
3 Deleted by Republic Strengthening and Some Nepal Laws Amendment Act, 2066. 4 Appointed as to commence on 2020.3.25. (Nepal Gazette 2020.3.25.)
(c) "General Manager" means the then general manager of the
Corporation, and this term also includes a person acti g for him or
(d) "Shareholder" means a shareholder who subscribes a share duly
allotted pursuant to this Act.
(e) "Prescribed" or "as prescribed" means prescribed or as prescribed in
the Rules or Bye-laws framed under this Act.
Establishment, capital and provision
3. Establishment of the Corporation: (1) There shall be established a
Corporation by the name of the "Gorkhapatra Corporation".
(2) The Corporation shall be an autonomous body corporate with
perpetual succession. This Corporation shall have a s p rate seal of its own
for all of its activities. It may, subject to this Act and the prevailing Nepal
laws, acquire, use, sell and transmit any movable and immovable property.
It may sue by its name and be also sued by the samen .
(3) The head office of the Corporation shall be situated in
Kathmandu, and it shall be lawful for the Corporation to appoint agents,
news reporters or sales centers within …….5 Nepal or in foreign countries.
4.6 Capital, share and shareholders of the Corporation: (1) The
authorized capital of the Corporation shall be as determined by the
Government of Nepal.
(2) The Government of Nepal shall subscribe at lestFifty One
percent shares of the Corporation, and out of the total capital, a maximum
of Twenty Five7 percent shares shall be sold to the employees of the
Corporation (Board), as prescribed. The remaining shares shall be sold to
5 Deleted by Republic Strengthening and Some Nepal Laws Amendment Act, 2066. 6 Amended by the First Amendment. 7 Amended by the Communication Related Some Nepal Acts mendment Act, 2055.
the general people. Any employee shall not sell the s ares subscribed by
him or her while he or she serves for the Corporatin.
(3) Each share shall be indivisible.
(4) Restriction may generally be made on the sale of shares in excess
of the prescribed percentage8 to any person or company except any
employee of the Corporation.
(5) The liability of shareholders of the Corporation shall be limited.
5. Disqualification for shareholder: Any person, other than a citizen of
Nepal or a company or cooperative body registered under the Nepal laws
shall not be entitled to subscribe shares of, or be a shareholder of the
6. Power to receive grant and borrow loan: The Corporation may
borrow cash or in-kind or accept a grant as required to increase its working
capital, in accordance with a resolution adopted by the general meeting,
after the provision of the general meeting has been made, and failing the
provision of the general meeting, by obtaining approval of the Government
of Nepal, until the provision of the general meeting s made.
Provided that, the Corporation shall not borrow a lo n or accept a
grant from any foreign agency without obtaining approval of the
Government of Nepal.
7. Management: The Board shall look after, direct and manage all the
functions and affairs of the Corporation, except as otherwise mentioned in
this Act or the Rules, Bye-laws framed under this Act.
Provided that, the Board may so delegate such duties and powers,
out of the duties and powers set forth in this Act or he Rule or Bye-laws
framed under this Act as it deems necessary and appropriate to the general
8 Amended by Communication Related Some Nepal Acts mendment Act, 2029.
manager or a sub-committee consisting of one or more directors or other
officers of the Corporation as to be performed and carried out by them.
8.9 Formation of the Board and tenure of directors: (1) The Board of
Directors (hereinafter referred to as "Board") shall consist of Five directors
(a) The general manager of the Corporation,
(b) One person elected by the general meeting from
amongst the non-governmental shareholders,
(c) One person nominated by the Government of Nepal in
respect of the governmental shares,
(d) One person nominated by the Government of Nepal
from amongst the persons who are renowned in the
field of journalism, publication or literature, and
(e) One person elected from the shareholder employees of
(2) Pending the provision of election by the general meeting or that
of election by the shareholder employees under Clause (e) of Sub-section
(1), the Government of Nepal shall also nominate the directors required to
be elected by the shareholders.
(3)10 The Government of Nepal shall designate the chairperson of
the Board and the general manager of the Corporation shall preside over the
Board until the chairperson is designated.
(3a)11 The tenure of the directors elected or nominated un er
Clauses (b), (c), (d) and (e) shall be Four years, nd upon the expiration of
their tenure, they may be re-elected or re-nominated.
9 Amended by First Amendment. 10 Amended by Communication Related Some Nepal Acts mendment Act, 2029. 11 Inserted by Second Amendment.
(4)12 Notwithstanding anything contained in Sub-section (3a), the
Government of Nepal may nominate any other person in the place of a
director nominated under Clauses (c) and (d) of Sub-section (1) prior to the
completion of the tenure of such a director.
(5) Upon assumption of office after being elected13 by the general
meeting or employees of the Corporation, the directors nominated by the
Government of Nepal shall ipso facto relive of office in relation to them.
9.15 Disqualification for director: Any of the following persons shall not be
eligible to be a director or hold the office of director:
(a) Who is of unsound mind or is insane;
(b) Who is convicted by a court of a criminal offens involving moral
turpitude, and sentenced to imprisonment for a term xceeding Six
months and a period of Five years has not lapsed from the date of the
service of such a sentence of imprisonment;
(c) Who has become insolvent; or
(d) Who has any kind of personal interest in any contract with or
transaction of the Corporation.
10. Circumstance where director may be removed: (1) The nominated
director may be removed by the Government of Nepal and the elected
director may be removed by a majority of the shareholders present at the
general meeting, in the following circumstance:
(a) If he or she suffers any disqualification set for h in Section 9,
(b) If he or she absents from the meeting of the Board for more
than Three consecutive meetings, without permission of the
Board and the reason for such absence is not reasonable i the
12 Amended by Second Amendment. 13 Amended by Communication Related Some Nepal Acts mendment Act, 2029. 14 Deleted by Second Amendment. 15 Amended by First Amendment.
opinion of the Government of Nepal, in the case of the
nominated director, and of the general meeting in the case of
the elected director, or
(c) If he or she is proved to have partnership in any contract
entered into with the Corporation in violation of Section 16.
11. Resignation of directors and fulfillment of vacancy: (1) Any
nominated director may resign from office by giving a notice in writing to
the Government of Nepal and any elected director may do so by giving
such a notice to the Board. Upon acceptance of resignation, he or she shall
be deemed to have abandoned the office.
(2) If the office of a director falls vacant because of his or her death,
resignation or any other reason, the vacancy shall be fulfilled by another
nomination or election, as the case may be, and such a director shall hold
the office only for the remainder of the term of the predecessor.
(3) Any acts of the Board already done shall not be invalid by the
reason only that any irregularity was made in the formation of the Board or
that the office of any director fell vacant.
12. Remuneration of directors: The remuneration of the directors shall be
13. Meetings of the Board: (1) The meeting of the Board shall be held at
such place and time as specified by the Board, and the rules of procedures
of the Board shall be as prescribed. Meetings of the Board shall be presided
over by the chairperson or by a director selected by the directors from
amongst themselves, in the absence of the chairperson.
(2) If more than Fifty percent of the then directors f the Board are
present in a meeting of the Board, the quorum of the Board shall be deemed
to have been constituted, and if the meeting is not attended by the quorum,
the meeting shall be adjourned.
(3) The decision of a majority of the directors who attend and vote at
the meeting of the Board shall be binding. The director presiding over the
meeting shall not generally be entitled to vote, but may exercise the casting
vote in the event of a tie.
14.16 Appointment of general manager, advisers and employees: (1) The
Government of Nepal may appoint one general manager nd such other
advisers as may be required, and the Corporation may appoint other
employees, for the operation of the affairs of the Corporation. Their terms
and conditions of service, tenure and remuneration shall be as prescribed.
(2) Appointment and terms and conditions of service of employees
may be so made that the employees of the Corporation has to subscribe the
shares of the Corporation mandatorily from such figure of remuneration as
drawn each month as prescribed.
Provided that, no share shall be sold to the employees who have
been appointed on the temporary basis and on the contra t service.
15.18 Director not to take part in meeting: The general manager or
employee who is a director pursuant to Section 8 shall not be allowed to
take part, in the capacity of the director, in a meeting of the Corporation
held to take action against the general manager or that employee.
16. Restriction on director and general manager of the Corporation:
The director or general manager19 of the Corporation shall not be a partner
in any contract with the Corporation.
Provided that, immediately when each director or the general
manager knows that he or she has directly or indirectly any concern in any
contract made by or proposed to be made by the Corporation or any
16 Amended by First Amendment. 17 Proviso deleted by Communication Related Some Nepal Acts Amendment Act, 2047. 18 Amended by Second Amendment. 19 Amended by Communication Related Some Nepal Acts mendment Act, 2057.
contract made by or proposed to be made by any subsidiary body of the
Corporation and submitted to the Corporation for its consideration, such a
director or general manager shall disclose the matter to the meeting of the
Board as soon as possible. The matter so disclosed shall be recorded in the
minutes, and the concerned director shall not take part in any deliberations
or decisions made by the Board in relation to that contract.
Functions and duties of the Corporation
17.20 Functions and duties of the Corporation: (1) It shall be the duty of the
Corporation to provide information about native and foreign news and other
useful matters to the general people ………….21 in a simple, easily
accessible and affordable manner, through publication and distribution of
newspapers and magazines containing healthy, responsible and entertaining
materials from the standpoints of national viewpoint a d coverage……….22
(2) Without prejudice to the generality of the powers and duties
under Sub-section (1), the Corporation may perform the following
functions or exercise the following powers:
(a) To carry out all acts including the printing,
publication, distribution and operation of the
(b) To improve the standards of various editions and
publications of the Gorkhapatra Daily and the Rising
Nepal, and widely cover native and foreign news to the
20 Amended by the First Amendment. 21 Deleted by Republic Strengthening and Some Nepal Laws Amendment Act, 2066. 22 Deleted by Communication Related Some Nepal Actsmendment Act, 2047.
(c)23 To make such publications of such kinds as are
attractive, interest, culture identifying and entertaining
and may keep on developing the feeling of nationality
and democratic spirit,
(e) To fix size and form of, and fix and collect price and
other fees, of the Gorkhapatrai Daily and the Rising
Nepal and various edition of other publications of the
(f) To print the matters offered by the people general for
publication by collecting the required fees, in addition
to the functions required to be performed by it,
(g) To provide for education and training on matters of the
Corporation for the persons within or outside the
(h) To obtain, use and transmit any movable, immovable
property in order to perform such functions as the
Corporation is entitled to perform,
(i) To give and take and implement all kinds of contracts
that may contribute to the exercise and performance of
its powers and duties,
(j) To borrow money from others against the security of
any property of the Corporation,
(k) To rent, sell or otherwise deal with any property of the
(l) To pay interests on deposits/security and distribu e
share dividends of the Corporation,
23 Amended by Communication Related Some Nepal Acts mendment Act, 2047. 24 Deleted by Communication Related Some Nepal Acts mendment Act, 2047.
(m) To make necessary publicity in order to enhance the
trust of people with its publication,
(n) To open sales centres or give agency in various places
within ………..Nepal25 and abroad for the collection
and sale and distribution of its publications,
(o) To provide for pension or gratuity to its officers or
other employees and open saving accounts,
(p) To invest its money in such securities as specified by
the Government of Nepal,
(f) To perform all such other functions as may be
necessary to perform and exercise its duties and
powers under this Act and to implement the objectives
of this Act and may be required in that course.
18. To obtain prior approval of the Government of Nepal: The
Corporation shall not do the following act without obtaining prior approval
of the Government of Nepal:
(a)26 To expend capital to purchase or obtain any immovable property or
any other goods valued at more than Ten Million Rupees,27 or
(b) To take or furnish security of any immovable property for a term
more than Ten years,28 or
(c) To sell or transmit any property or right or facility valued at more
than Five Hundred Thousand Rupees.29
19. To submit programmes: (1) The Board shall, at least Three months in
advance of the commencement of the financial year of the Corporation,
submit proposed cost estimate along with the programmes on operations to
25 Amended by Republic Strengthening and Some Nepal Laws Amendment Act, 2066. 26 Amended by Second Amendment. 27 Amended by Communication Related Some Nepal Acts mendment Act, 2055. 28 Amended by Second Amendment. 29 Amended by Second Amendment.
be carried out by the Corporation and its subsidiary organs in the coming
financial year, development works, capital investment and details of
additional employees, if so required, to the general meeting for approval.
(2) If the Board desires to do any other special business, in addition
to the programmes already submitted pursuant to Sub-section (1), in any
financial year, and it may make a substantial change i the proposed cost,
the Board shall submit such supplementary programmes and the costs to be
borne when remaining amounts to be received in the said financial year to
the general meeting for approval.
(3) Until the provision of the general meeting is made, the Board
shall submit the statements as referred to in Sub-sections (1) and (2) to the
Government of Nepal.
20. General Meeting: (1) A general meeting (hereinafter referred to as the
annual general meeting) shall be held at the head office of the Corporation
in each year within Two months after the date of clsure of annual accounts
of the Corporation, following the sale of shares of at least Five percent
value of the share capital issued by the Corporation for sale to the general
people. If at least Fifty shareholders make an application in writing or the
Board considers necessary so to do, the extra-ordinary general meeting of
the Corporation shall be held at any other time.
(2) If at least 100 (One Hundred) shareholders does not attend a
general meeting convened for the first time, the quorum for the general
meeting shall not be deemed to have been constituted. A general meeting
called for the second time upon not being attended by the quorum may be
deemed to be attended by the quorum if it is attended by 50 (Fifty)
shareholders. Provided that if the general meeting called for the second
time is not even attended by a quorum as mentioned, a submission
containing that matter shall be made to the Governmnt of Nepal, and it
shall be done as sanctioned.
(3) The shareholders present at the annual general meeting shall
discuss the annual accounts, profit and loss account, matters contained in
the auditor's report in relation thereto and the Board's report on the affairs
of the Corporation carried out throughout the year. These matters shall be
submitted to the Government of Nepal until the provisi n of the annual
general meeting is made.
(4)30 A shareholder may cast vote at the rate of one votfor every
one percent share of the total capital of the Corporati n subscribed by the
(a) No shareholder who has subscribed shares less than
One percent of the total capital of the Corporation shall
be entitled to case vote.
(b) If the share percentage is more than One unit, the
shareholder shall be entitled to cast vote only equal to
the lower unit until the higher unit is achieved.
(4a)31 No shareholder may exercise vote without being present at a
annual general meeting in person or by proxy.
(5) Any decision at the general meeting shall be made by a simple
majority of the shareholders and proxies attending a d voting thereat.
21. Power of Government of Nepal to make decisions and give
directions: (1) If there is divergence of opinion between the general
meeting and the Board on the operation of the Corporation, a submission
30 Amended by Communication Related Some Nepal Acts mendment Act, 2029. 31 Inserted by Communication Related Some Nepal Actsmendment Act, 2029.
shall be made to the Government of Nepal for its decision, and the decision
made thereon by the Government of Nepal shall be final.
(2) If the Government of Nepal considers appropriate so to do for
national interest, it may give direction as follows to the Corporation, and it
shall be duty of the Corporation to abide such a direction:
(a) To operate any specific service or carry out any other
act in any specific area, or
(b) To refrain from doing any act being done by the
Corporation in any specific area, or to alter such an act
or close the same totally, or
(c) Not to do any act about to be done by the Corporation.
22. Power of Government of Nepal to make inquiries into activities of
Corporation: (1) The Government of Nepal may, by publishing a
Notification in the Nepal Gazette, appoint one inspector to inquire into the
affairs of the Corporation.
Provided that, the Corporation shall not be bound to bear the
expenses incurred in such inspection.
(2) The inspector appointed under Sub-section (1) shall be entitled to
examine all accounts and books of accounts and documents of the
(3) The inspector appointed under this Section shall ubmit its report
to the Government of Nepal.
Fund, accounts and audit
23. Fund of the Corporation: (1) The Corporation shall have a separate
fund of its own, and all amounts received by the Corporation including
loans and grants shall be credited to the fund, and the expenses to be made
on behalf of the Corporation shall also be chargeable on that fund.
(2) All amounts of the fund shall be deposited in the Nepal Rastra
Bank or any other bank as permitted by the Government of Nepal.
(3) The Board shall have powers to make such expenses as
considered appropriate for the activities authorized pursuant to this Act and
the Rules, Bye-laws framed under this Act.
24. To bear liabilities: Any liabilities devolved on by the Government of
Nepal or assumed by the Government of Nepal and contracts in relation to
the matters set forth in this Act, prior to the commencement of this Act,
shall be deemed to have been undertaken, assumed or entered into with or
by or on behalf of the Corporation to the extent that as set aside by the
Government of Nepal for the Corporation.
25. Mode of maintaining accounts: Accounts of incomes and expenses of
the Corporation shall be maintained in such form and manner as may be
approved by the Government of Nepal.
26. Distribution of profits: The distribution and use of profits made by the
Corporation shall be as prescribed.
27. Audit: (1) The accounts of the Corporation shall be audited by a total of
Two auditors, consisting of One auditor designated by the Government of
Nepal and the other selected by the shareholders. The auditor to be selected
by the shareholders shall be selected at the annual general meeting, and the
remuneration of the auditor shall also be specified by that meeting.
Provided that, one auditor designated by the Governm nt of Nepal
shall perform the audit until the provision of the g neral meeting is made.
(2) If the office of the auditor selected by the general meeting falls
vacant for any reason, the Government of Nepal may fill the vacancy until
another general meeting is held.
(3) It shall be the duty of the auditors to audit the annual accounts
and profit and loss account and related receipts of the Corporation. All
records of accounts and books of the Corporation shall be made available to
the auditors. They may, at any reasonable time, inspect and examine any
accounts and documents of the Corporation or held by any of its office-
bearer or employee in any place.
(4) The auditors shall submit one copy of the audit report made by
them to the Government of Nepal and the other copy t the annual general
meeting of the Corporation, after the provision of the general meeting is
made. The report shall clearly state the following matters:
(a) Whether annual accounts and profit and loss account
have been so properly and duly maintained, clearly
indicating all required matters as to reflect the actu l
financial condition of the Corporation or not;
(b) Whether the Corporation has provided any such
explanation or information as sought by the auditors or
not, and if so provided, whether such explanation or
information is satisfactory or not;
(c) Whether the annual accounts and profit and loss
accounts submitted are in order or not.
(5) The auditors may submit such proposals at they consider
appropriate for the proper arrangement of the Corporation. The Board shall
include the proposals so submitted in the agenda of the general meeting.
(6) The Government of Nepal may, at any time, give dir ction to the
auditors to submit to it a report indicating whether the steps being taken by
the Corporation are sufficient or not for the proper protection of the
shareholders and creditors and whether the manner of maintaining accounts
of the Corporation is proper or not.
(7) The Government of Nepal may, based on the report received
pursuant to Sub-section (4) or (6), give direction t the Corporation for
necessary reform or provision.
28. To take oath to maintain secrecy and not to commit a breach of
trust: Prior assumption of their office, each director, general manager,
auditor, officer and other employee of the Corporati n shall take an oath as
set forth in the Schedule that they shall not disclo e the matters associated
with their office to any person other than the authorized person and shall
not commit a breach of trust in the affairs of the Corporation.
30. 33 Penalties: (1)If a person who has the duty to maintain, prepa or submit
any statements, accounts report or other document pursuant to this Act or
the Rules framed under this Act, knowingly or with ulterior motive,
conceals the truth and state a false matter in suchac ounts or report or other
documents or alters the contents or attempts to do such an act, that person
shall be liable to the punishment of imprisonment for a term not exceeding
Three years or a fine of up to Three Thousand Rupees or with both
(2) If any director or employee of the Corporation causes any loss or
damage to the Corporation by doing any act knowingly or recklessly or
with ulterior motive, other that that set forth in sub-section (1), such a
director or employee shall be liable to the punishment of imprisonment for
a term not exceeding One year or a fine of up to One Thousand Rupees.
(3) If any director or employee of the Corporation bstructs the
inspector appointed under Section 22 to make inquiry with his or her
business or does not provide, except for any reasonable reason, such
document or information to such a person as demanded by him or her in
32 Repealed by First Amendment. 33 Amended by First Amendment.
accordance with law, or commits recklessness in the provision of such
document or information, such a person shall be liable to the punishment of
a fine of up to One Thousand Rupees.
(4) If any person uses the name of the Corporation in any prospectus
or advertisement without obtaining written permission of the Corporation,
the person shall be liable to the punishment of imprisonment for a term not
exceeding Six months or a fine of up to One Thousand Rupees or with both
(5) If any person who was the then director or general manager of
the Corporation becomes a partner in a written contract made with the
Corporation in violation of Section 16 and without making disclosure as
required under that Section and makes or attempts to make any undue
benefit in that capacity, that person shall be liable to the punishment of
imprisonment for a term not exceeding Two years or a fine of up to Five
Thousand Rupees or with both punishments.
(6) If the Corporation has suffered any loss or damage from any
offence punishable under this Section, the amount of such loss or damage
shall also be recovered from the person who has committed that offence.
30A.34 Liaison with the Government of Nepal: In making contact by the
Corporation with the Government of Nepal in the course of performing its
activities or in giving direction by the Government of Nepal to the
Corporation pursuant to Section 21, such contact or direction shall be made
or given through the Ministry of Information and Communication35.
30B.36 Local taxes not to be levied: No local tax of any type shall be levied on
the transaction of the Corporation
31. 37 …………………...
34 Inserted by First Amendment. 35 Amended by Communication Related Some Nepal Acts mendment Act, 2057. 36 Inserted by Second Amendment.
31A.38 Saving of officers against loss or damage: The directors or employees
of the Corporation shall not be held individually liable for any loss or
damage caused or to be caused from any act done or purported to be done
by them in good faith in the course of performing their duties in accordance
with this Act and the Rules framed hereunder.
32. Power of the Government of Nepal to frame Rules: The Government
of Nepal may frame Rules in order to accomplish the obj ctives of this Act,
and these Rules shall come into force after their publication in the Nepal
33. Power of the Corporation to frame Bye-laws: The Corporation may
frame Bye-laws, without being prejudicial to this Act or the Rules framed
under this Act, for the proper accomplishment of the activities of the
Corporation, and such Bye-laws shall come into force upon being approved
by the Government of Nepal.
34. This Act to prevail: Notwithstanding anything contained in the
prevailing Nepal laws, the matters set forth in this Act or the Rules framed
under this Act shall be governed by the same.
37 Repealed by Judicial Administration Reform (Fourth Amendment) Act, 2043. 38 Inserted by First Amendment.
(Relating to Section 28)
Oath of honesty and secrecy
I…………………… swear that I shall honestly and with truth and faith perform
my duties in the capacity of the director, general m nager, employee or auditor of
the Corporation or in relation to the affairs entrus ed to my office in the
Corporation, to the best of my knowledge and capacity.
I again swear that I shall not disclose or cause to be disclosed any information
relating to the Corporation to any unauthorized person or allow any book or
document relating to the Corporation and in custody f the Corporation for
inspection or receipt by any person..