When was the federation disbanded that governed the multi-sport event held in Tokyo, Japan, from 24 May to 1 June 1958, and replaced by the Olympic Council of Asia ?
1958 Asian Games: The 1958 Asian Games, officially the Third Asian Games (Japanese: 第3回アジア競技大会 ) and commonly known as Tokyo 1958, was a multi-sport event held in Tokyo, Japan, from 24 May to 1 June 1958. Asian Games Federation:  The federation was disbanded on 26 November 1981, in New Delhi and replaced by the Olympic Council of Asia.
26 November 1981