Section 79 Investments and Securities Act 2025

Section 79 of the Investments and Securities Act 2025 is about Control of regulated entity with lost paid up capital. It is under Part VII (Inspections and Investigations) of the Act. It provides as follows:

Notwithstanding anything contained in any law or memorandum and articles of association of a regulated entity, where the Commission or an appointed person has assumed control of a regulated entity whose paid-up capital is lost, the Commission may revoke the registration of the regulated entity, and take reasonable steps to protect the assets of investors.