allow extension thereof as seen fit. Section 27.2 The registrar shall, with the approval of the Minister, have the power to order a dissolution of the fund in any of the following events: (1) the

days, and shall complete the liquidation within one hundred and fifty days from the date of dissolution, except in case of necessity where the registrar may allow extension thereof as seen fit. Section

subsequently found certain defect in the qualifications or prohibited characteristics of the directors or lacking of appropriateness under Section 89/3. SECTION 89/6 An executive shall have qualifications and