www.lawcommission.gov.np (e) To appoint an auditor as per necessity; (f) To monitor the functions and activities to be performed by the Auditor; (g) To perform such other functions as may be specified by Government of Nepal from time to time; and (h) To perform such other functions as may be required to implement the objectives of the Act and these Rules. 12. Application to be filed for the Licence for Certification: (1) Any person, firm or company having the following qualification, desirous to act as a Certifying Authority, shall have to file an application along with the application fee of Five Hundred Rupees to the Controller in the format as referred to in Schedule-2: (a) One who has paid-up capital of at least Ten Million Rupees or the assets equivalent thereof; (b) In case of a foreign firm or company where at least twenty per cent shares are under the ownership of a Nepali citizen or firm or company; Provided that, the Controller may provide such exemption from not applying the provision of this Clause wholly or partly, as he/she deems fit, to a firm or company desirous to act as a Certifying Authority that agrees a condition to fulfill (recruit) all the workers or employees from among the Nepali citizen having produced also necessary technical human resource in Nepal within one year from the date of operation and executes a contract accordingly. 6 www.lawcommission.gov.np