Section 124 Investments and Securities Act Section 124 of the Investments and Securities Act 2025 is about Securities dealer to issue contract note or transaction confirmation. It is under Part X (Conduct of Securities Business) of the Act. It provides as follows: A securities dealer shall, where applicable, within the prescribed timeand in respect of…

Section 123 Investments and Securities Act Section 123 of the Investments and Securities Act 2025 is about Legal entity identifier. It is under Part X (Conduct of Securities Business) of the Act. It provides as follows: (1) There shall be a legal entity identifier for any entity involved directly or indirectly in securities transactions to…

Section 122 Investments and Securities Act Section 122 of the Investments and Securities Act 2025 is about Prohibition of transactions in non-dematerialised securities. It is under Part X (Conduct of Securities Business) of the Act. It provides as follows: All securities to be transacted in the secondary market shall be in dematerialised form.

Section 121 Investments and Securities Act Section 121 of the Investments and Securities Act 2025 is about Prohibition of cash transactions. It is under Part X (Conduct of Securities Business) of the Act. It provides as follows: For the purpose of this Act, no cash transaction shall be carried out in the capital market.

Section 120 Investments and Securities Act Section 120 of the Investments and Securities Act 2025 is about Return of surplus money to subscribers. It is under Part IX (Regulation of Securities) of the Act. It provides as follows: (1) The Commission shall have the power to prescribe the maximum period within which surplus money due…

Section 119 Investments and Securities Act Section 119 of the Investments and Securities Act 2025 is about Allotment of securities and dealing on securities exchange. It is under Part IX (Regulation of Securities) of the Act. It provides as follows: (1) Where a prospectus, whether issued generally or not, states that application has been or…

Section 118 Investments and Securities Act Section 118 of the Investments and Securities Act 2025 is about Action for rescission. It is under Part IX (Regulation of Securities) of the Act. It provides as follows: A shareholder may bring an action against an issuer which has allotted securities under a prospectus for the rescission of…

Section 117 Investments and Securities Act Section 117 of the Investments and Securities Act 2025 is about Application money to be held in trust until allotment. It is under Part IX (Regulation of Securities) of the Act. It provides as follows: (1) Application money and other money paid prior to allotment of securities by an…

Section 116 Investments and Securities Act Section 116 of the Investments and Securities Act 2025 is about No allotment below minimum subscription. It is under Part IX (Regulation of Securities) of the Act. It provides as follows: Allotment shall not be made of any securities offered to the public for subscription unless the subscription level…

Section 115 Investments and Securities Act Section 115 of the Investments and Securities Act 2025 is about Allotment of securities. It is under Part IX (Regulation of Securities) of the Act. It provides as follows: (1) Where a public offer of securities is made, whether listed or not, the issuer and the issuing house shall…