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17. Senior citizen welfare fund

17. Senior citizen welfare fund:

(1) A senior citizen welfare fund shall be established for the protection and social security of senior citizens.
(2) The following amounts shall be credited to the fund as referred to in
Sub-section (1):
(a) Amounts received from the Government of Nepal,
(b) Amounts received from any foreign government, foreign
national or international organization or association,
(c) Amounts received from any native person, organization or
association,
(d) Amounts received from any other source.
(3) The Central Senior Citizen Welfare Committee shall, prior to
obtaining the amounts referred to in Clause (b) of Sub-section (2), obtain prior
approval of the Government of Nepal.
(4) Amounts to be credited to the fund as referred to in Sub-section (1)
shall be deposited in an account to be opened with any commercial bank in the
State of Nepal in the name of the Central Senior Citizen Welfare Committee.
(5) Amounts credited to the fund as referred to in Sub-section (1) shall
be spent only for the purpose of the protection and social security of senior
citizens.
(6) Amounts credited to the fund as referred to in Sub-section (1) shall
be used through any care centre or day service centre operated by any
organization or association established by the Government of Nepal itself or
established under the prevailing laws.
(7) Notwithstanding anything contained elsewhere in this Section, no
amount may be paid or distributed from the fund to any person for his or her
personal purpose.
(8) The fund as referred to in Sub-section (1) shall be operated as
prescribed

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