www.lawcommission.gov.np (d) If the Certifying Authority has become insolvent and a case relating thereto is under consideration in any court within Nepal; (e) If the bank guarantee submitted by the Certifying Authority is suspended or forfeited by the Controller; (f) If the firm or company obtaining a licence as a Certifying Authority and the board of director or proprietor or partner thereof is convicted for an offence of deceit, fraud and forgery in any act related with one’s transaction or for the offences under the Act; (g) If the Certifying Authority is found to be unsuccessful to comply or cause to be comply with the guidelines relating to security of electronic record or the procedures of certification submitted by it or contravenes such guidelines or procedures of certification; (h) If the report on performance of work is not submitted; (i) If it is found, from the report on work performance, inappropriate to allow the Certifying Authority to perform the work of certification. (2) Prior to taking any decision on a matter for not renewing licence under Sub-rule (1), a reasonable opportunity shall be given to the Certifying Authority for presenting its clarification having specified the reason for the denial of renewal of its licence. 10 www.lawcommission.gov.np