If any institution makes an application to the Bank that it be relieved of carrying out of the act of financial intermediation and if it appears that all liabilities to be paid such an institution seem to have been paid up, the Bank may allow such an institution to stop doing the act of financial intermediation. Provided that, if such an institution is not able to pay up all liabilities, the Bank may prevent such an institution from carrying out the act of financial intermediation and shall write to the Government of Nepal for the payment of the liabilities from the assets of the institution pursuant to the Association Registration Act, 2034(1977).