- Amendment of the interim constitution
- Proclamation of Nepal as a federal democratic republic after the first meeting of the Constituent Assembly
- Formally ends the country’s 240-year-old institution of the crown.
- The parliament empowered through amendment in the constitution to end monarchy earlier if the king creates serious obstruction in the election process through a two-third majority of existing members in parliament.
- Amendment of Sub-clauses 1, 2, 3, 3(A) and 3 (B) of Article 159 of the constitution. Holding Constituent Assembly poll under mixed electoral system where 335 members or 55.74 percent of the 601-member assembly will be elected through proportional system while 39.9 or 240 members will be elected through first past the post system from 240 geographical constituencies. The remaining 4.32 percent or 26 members will be nominated by the prime minister. The nominations will also include members of minority groups who fail to elect any representative through both the systems.
- Maoists agrees to return all properties they seized from people during and after the insurgency within a month.
- The former rebels also agreed to stop collecting taxes and carrying out activities like extortion and intimidation.
- The government to also release the pending amount for Maoist combatants in UN-monitored cantonments immediately and provide monthly allowance every month. Disqualified combatants to be sent home after paying their due allowance so far.
- The government to take initiatives at the diplomatic level to releasing Maoists detained in foreign jails and the government will release all Maoists from jail by January 14.
- A special cabinet committee will start discussion on integration of Maoist fighters. The government will take initiatives for acquiring national and international assistance to meet the financial liabilities required for reconstruction of damaged infrastructure and rehabilitation and relief for victims of the conflict.
- The parties also agreed not to carry out any activity through their party and sister wings that could disrupt the polls. The parties will hold at least seven joint mass meetings to appeal to the people to take part in elections.
- The parties agreed to form an all-party committee to coordinate government functioning. The parties will head it turn-by-turn.
- The parties agreed to set up commissions agreed earlier to systematize the peace process, within a month. The Commissions include Disappearance Commission, Truth and Reconciliation Commission and State Restructuring Commissions. A separate High-level Peace Commission will be formed to work in coordination with the Peace Ministry.
- The parties also agreed to add new provisions in the constitution for appointment of parliament’s general secretary and fulfillment of the seats of parliament vacant due to death of members or other reasons.
- Nepal Workers and Peasants party (NWPP) put an eight-point reservation to the agreement, demanding a socialist republic and multi-member proportional system of election.
- It also demanded revival of local bodies elected in 1997, and proportional representation of peasants and workers in all state mechanisms, among others.
A full text is available at http://www.unmin.org.np