(1) In the following circumstances, the Government of Nepal may order the dissolution of the Authority and appoint one or more liquidator to dispose its assets.
(a) In case shareholders subscribing to at least twenty-five percent of the paid-up share capital of the Authority demand in writing the
dissolution of the Authority along with reasonable ground for doing so.
(b) In case Government of Nepal is satisfied that the business of the Authority is not being conducted smoothly, or that its assets are
being misappropriated, or that the Authority has repeatedly flouted the directives of Government of Nepal.
(2) The order issued by Government of Nepal for dissolution of the Authority shall be final.
 
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Inserted by First Amendment.