Section 145 Investments and Securities Act

Section 145 of the Investments and Securities Act 2025 is about Arrangement for funds. It is under Part XII (Mergers, Take-overs and Corporate Restructuring) of the Act. It provides as follows:

Where the consideration for the shares deposited under a take-over bid, merger or other arrangements is to be paid —

(a) in cash or partly in cash, the offeror shall ensure that funds are available to make the required monetary payment for those shares; or

(b) by the securities of a public company, the provisions of this Act on registration of securities and invitations to the public shall apply.