Innovation Act for Industry-Academia Collaboration and Talent Cultivation in National Key Fields Article 47

If one of the following circumstances applies to a key research institute, and the competent authority has ordered improvements to be made within a specified time limit, but there has been no improvement by the end of the specified time limit or the improvements made have been ineffective, the competent authority may order the closure of the key research institute after convening a meeting of the innovation steering committee to deliberate over the matter:1.Its academic goals are facing obstruction making it difficult to realize them, or are experiencing some serious difficulty making it unable to continue its operations.2.It has acted in violation of this Act or has not operated as set out in its innovation plan, and the circumstances are serious.3.The supervisory committee or the management committee is unable to make resolutions or does not implement resolutions that have been made, and this is affecting the normal operations of the key research institute.4.There is conflict between the members of the supervisory committee and/or the members of the management committee and/or the dean, and this is affecting the normal operations of the key research institute.5.An evaluation of a key research institute finds that the institute is being poorly run, and this is affecting the rights and interests of its students and/or its teaching or other personnel.6.The financial situation has seriously deteriorated, and the key research institute is already unable to pay its debts, or its normal operations are being significantly affected.