When can the assets created out of Foreign Contribution be disposed of under Section 22 of the The Foreign Contribution (Regulation) Act, 2010.

Section 22 of Foreign Contribution (Regulation) Act 2010 provides that where any person who was permitted to accept foreign contribution under this Act ceases to exist or has become defunct, all the assets of such person shall be disposed of in accordance with the provisions contained in any law for the time being in force under which the person was registered or incorporated and in the absence of such law, the Central Government may having regard to the nature of assets created out of foreign contribution received under this Act by notification, specify that all such assets shall be disposed of by such authority, as it may specify, in such manner and procedure as may be prescribed.