Section 273 Investments and Securities Act

Section 273 of the Investments and Securities Act 2025 is about Bodies to publish details of funds in the Federal Government Gazette or other official document. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows:

(1) The particulars of funds raised under this Act shall be published in the Federal Government Gazette or any other official document by the body raising the funds and shall include —
(a) the beneficiary;
(b) the sum of money to be raised;

(c) the mode or modes of raising;
(d) the rate of interest payable;

(e) the dates in each year on which the half-yearly or quarterly interest on the funds shall be payable;
(f) the time at which a half-yearly or quarterly appropriation out of the general reserve and assets of the body or project of the body shall be made as a contribution;

(g) the date of redemption of the bond or securities to be issued for the purpose of raising the funds; and
(h) any other information relating to the funds considered necessary by the Commission.

(2) The date of redemption of any bond or securities shall not be later than 25 years from the date of the issuance provided that the Commission may on application grant such other longer period as it deems necessary.

(3) Where it is deemed expedient by a body to reserve an option to redeem any bond or securities at any date earlier than the date of redemption specified for such bond or securities under subsection (1) the body shall specify the terms and conditions upon which the bond or securities may be redeemed at such earlier date.