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…

Section 138 Investments and Securities Act Section 138 of the Investments and Securities Act 2025 is about Actions not prohibited under section 137. It is under Part XI (Trading in Securities) of the Act. It provides as follows: A person shall not be guilty of insider dealing by virtue of —(a) doing any particular thing…

Section 137 Investments and Securities Act Section 137 of the Investments and Securities Act 2025 is about Prohibition of dealing in securities by insiders. It is under Part XI (Trading in Securities) of the Act. It provides as follows: (1) A person who is an insider shall not buy or sell, or otherwise deal, directly…

Section 136 Investments and Securities Act Section 136 of the Investments and Securities Act 2025 is about Prohibition of fraudulent means. It is under Part XI (Trading in Securities) of the Act. It provides as follows: A person shall not directly or indirectly in connection with the purchase or sale of securities employ any device,…

Section 135 Investments and Securities Act Section 135 of the Investments and Securities Act 2025 is about Dissemination of illegal information. It is under Part XI (Trading in Securities) of the Act. It provides as follows: A person shall not disseminate, or authorise or participate in the dissemination of any statement or illegal information which…