Section 148 Investments and Securities Act Section 148 of the Investments and Securities Act 2025 is about Action by Commission in cases of non-compliance. It is under Part XII (Mergers, Take-overs and Corporate Restructuring) of the Act. It provides as follows: (1) Where any person who is under an obligation to comply with the provisions…

Section 147 Investments and Securities Act Section 147 of the Investments and Securities Act 2025 is about Liability for false or misleading statement. It is under Part XII (Mergers, Take-overs and Corporate Restructuring) of the Act. It provides as follows: (1) Where any document or information is required to be submitted to the Commission under…

Section 146 Investments and Securities Act Section 146 of the Investments and Securities Act 2025 is about No payment for loss of office. It is under Part XII (Mergers, Take-overs and Corporate Restructuring) of the Act. It provides as follows: (1) A payment for loss of office may not be made by any person to…

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…

Section 144 Investments and Securities Act Section 144 of the Investments and Securities Act 2025 is about Authority to proceed with takeover. It is under Part XII (Mergers, Take-overs and Corporate Restructuring) of the Act. It provides as follows: (1) Except as may be specified in the rules and regulations, no person or two or…

Section 143 Investments and Securities Act Section 143 of the Investments and Securities Act 2025 is about Compliance with code and rules. It is under Part XII (Mergers, Take-overs and Corporate Restructuring) of the Act. It provides as follows: (1) Save as otherwise provided in this Part, any person who makes a take-over bid shall…

Section 142 Investments and Securities Act Section 142 of the Investments and Securities Act 2025 is about Takeover rules and regulations. It is under Part XII (Mergers, Take-overs and Corporate Restructuring) of the Act. It provides as follows: (1) The Commission shall regulate and govern the conduct of persons involved in take-overs, mergers or compulsory…

Section 141 Investments and Securities Act Section 141 of the Investments and Securities Act 2025 is about Merger by amalgamation and other combination. It is under Part XII (Mergers, Take-overs and Corporate Restructuring) of the Act. It provides as follows: (1) Where a merger involving a public company is achieved or to be achieved by…

Section 140 Investments and Securities Act Section 140 of the Investments and Securities Act 2025 is about Control of restructuring of public companies. It is under Part XII (Mergers, Take-overs and Corporate Restructuring) of the Act. It provides as follows: (1) Without prejudice to the powers of other financial market regulators, a public company shall…

Section 139 Investments and Securities Act Section 139 of the Investments and Securities Act 2025 is about Civil and criminal liability under this Part and authority to award bounty to informant. It is under Part XI (Trading in Securities) of the Act. It provides as follows: (1) The Commission may proceed against a person who…