Section 5: Business, which the Fund can transact

5. Business, which the Fund can transact.___ The Fund may, in order to achieve its objectives always in accordance with law, carry on, transact or do several kinds of business and acts as per its investment mandate including but not limited to the following— (a) invest in, purchase, maintain, divest through sell, or otherwise realize assets and investment of any kind; (b) sale and purchase of domestic and foreign equity securities, debt securities, derivatives, commodities and other financial assets; (c) developing rights on immovable, and all kinds of tangible assets; (d) project development, fund raising based on projects, foreign project credit extensions, and resource procurement through other means; (e) conducting of any kinds of commercial and financial activities in domestic and foreign primary and secondary markets; (f) participating in domestic investments and foreign investments conducted by other states and foreign companies; (g) investing in financial instruments issued domestically or foreign investment instruments; (h) participating in all kinds of money market operations; (i) acquiring, retaining and disposing of assets of any type in satisfaction of its claims; (j) entering into agreement as private party or implementing agency in Public Private Partnership; (k) appointing managers, custodians, consultants, attorney, agents and any other professional advisors for the effective management of the Fund; (l) purchasing or otherwise acquiring, owning, selling, transferring and exchanging any tangible and intangible, movable or immovable property or any rights, title or interest in such property acquired or vested in Fund for the conduct of its business; (m) accepting and furnishing any lien, charge, hypothecation or mortgage of any tangible or intangible movable or immovable property or assets in the conduct of its business receiving and paying commissions, fees and brokerage in connection with its business; (n) establishing any entity constituted, organised and operated in compliance with applicable law, including funds, sub-funds, any company, corporation, trust, limited liability partnership or a joint venture solely or jointly with other investors. (o) Coordinating and taking local or foreign technical assistance including exchange of experiences and capacity building to achieve objectives of the fund; entering into agreements and contracts and executing such documents as may be considered necessary to achieve its objectives; (p) borrowing or raising any money in such manner and upon such security as the fund may consider fit; (q) participate in the process of privatization to acquire ownership of state-owned enterprises or to provide financial advisory services in the privatization process; (r) doing of all such acts and things as may be incidental or subsidiary to transacting any of the aforesaid businesses; and (s) doing of such other acts and things in furtherance of purposes of this Act as may be approved by the Supervisory Council.

Effective date: 2023-08-04

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