(1) For the purpose of commencing the compulsory liquidation of a bank or financial institution, the appointed liquidator shall, after being appointed, carry out the following actions:- (a) Within fifteen days of the appointment, for the information of the shareholders and related persons of the bank or financial institution, any Nepali and English national level Publishing a notice in a language daily newspaper, (b) Attaching a certified copy of the compulsory cancellation order within fifteen days of the appointment and sending it to the company registrar's office and the organization established in accordance with prevailing laws for the protection of deposits for information, (c) The main place of business of the bank or financial institution and to post a notice of such order in every office where everyone can see it, (d) to broadcast the notice on a television and a radio broadcast at the national level at least once every week for four weeks after the appointment, (e) to do other tasks prescribed by the National Bank (2) After receiving the notice in accordance with clause (b) of sub-section (1), the office of the company registrar shall report that there is an order to initiate the compulsory cancellation process in the register books related to such bank or financial institution. (3) The duties, duties and In addition to the rights, the other duties, duties and rights of the liquidator, subject to the instructions of the National Bank, shall be as follows:- (a) To take charge of the office, account book, accounting, records and assets of the bank or financial institution, (b) to carry out essential operations and management of the bank or financial institution. Carrying out regular work, (c) carrying out all work to be done on behalf of and in the name of the bank or financial institution, (d) appointing staff to assist in the performance of their work, (e) operation, management and liquidation of the bank or financial institution Expenditure necessary to take action, (f) Coordinating with organizations established in accordance with prevailing laws to protect deposits, (g) Shareholders, general meeting, board of directors of banks or financial institutions.and use all the rights exercised by the officials, (h) investigate the business and financial condition of the bank or financial institution, (h) merge or transfer all or part of the assets and liabilities of the bank or financial institution to another bank or financial institution with the approval of the National Bank, (j) Obtaining a loan with due protection of the bank or financial institution, (k) Selling any property or terminating any contract or obligation, if it is believed that the bank or financial institution will benefit from selling such property or terminating such contract or obligation, (l) ) Taking the services of professional and qualified people to assist in their work as needed, (d) Necessary discussion and settlement with any creditor or debtor of the bank or financial institution, (d) Collecting, protecting, selling the assets of the bank or financial institution and To distribute according to this Act, (n) To inquire whether the director, officer, employee or any person has committed fraud, fraud or deceiving the bank or financial institution or the depositors or creditors and to take necessary legal action against such person or on behalf of the bank or financial institution Prosecuting or defending any case or any legal action, (i) taking back any property of a bank or financial institution if any one has used it or taking legal action to recover money from such property or voided transaction, (i) Every three months, the State To prepare a report of the action taken in connection with the cancellation in the format determined by the bank and submit it to the court and the National Bank, (d) To take all other necessary actions for the cancellation of the bank or financial institution, (d) To perform other activities prescribed by the National Bank. (4) The liquidator may file an application to the court for the release of any obstacle in the exercise of any right or duty in accordance with this paragraph. can