Rule 32
Term Of The Fund
(1) The Fund shall remain valid for three years from its establishment.
(2) Notwithstanding anything stated in the Sub-rule (1) the Government of Nepal may, if the activities specified in these Rules are not accomplished, extend the term of the Fund for up to next three years.
(3) The Fund shall ipso facto be dissolved after the expiry of the term as referred to in Sub-rule (1) or (2).
(4) Any amount left as balance in the Fund at the time of dissolution as referred to in Sub-rule (3), shall be credited to the consolidated Fund.
(2) Notwithstanding anything stated in the Sub-rule (1) the Government of Nepal may, if the activities specified in these Rules are not accomplished, extend the term of the Fund for up to next three years.
(3) The Fund shall ipso facto be dissolved after the expiry of the term as referred to in Sub-rule (1) or (2).
(4) Any amount left as balance in the Fund at the time of dissolution as referred to in Sub-rule (3), shall be credited to the consolidated Fund.