Section 201 Investments and Securities Act

Section 201 of the Investments and Securities Act 2025 is about Removal from the board of trustees. It is under Part XIV (Investor Protection Fund) of the Act. It provides as follows:

A member of the board of trustees shall cease to be a member if —
(a) before the expiration of his tenure, he ceases to be a member of the body he represents on the board of trustees;

(b) his membership on the board of trustees is withdrawn by the body he represents and on whose recommendation he was appointed;

(c) he is guilty of any crime involving dishonesty or sanctioned for misconduct by any professional body or association; or

(d) on a resolution of the other members of the board of trustees supported by at least two-thirds of its membership, is adjudged to be engaged in activities prejudicial to or inconsistent with his position as a member of the board of trustees.