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Section 57
Order of priority for payment of liabilities
When disbanding the fund, payment of liabilities shall be made based on the following priority:-
(a) Expenses incurred on dissolution,
(b) the wages and other outstanding amounts due to employees or workers of the fund,
(c) Amounts of Investor Accounts, Schemes, Citizen Unit Schemes and Group Savings Schemes,
(d) The amount taken by the fund for the purchase and other liabilities,
(e) Taxes and other amounts to be paid by the Fund to the Government of Nepal,
(f) Amount for shares of preference shareholders,
(g) If there is any amount remaining after paying the liability according to this clause, the remaining amount shall be paid to the other shareholders on a proportionate basis.