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…

Section 114 Investments and Securities Act Section 114 of the Investments and Securities Act 2025 is about Criminal liability for misstatement in prospectus. It is under Part IX (Regulation of Securities) of the Act. It provides as follows: Where a prospectus includes any untrue statement or misstatement, any director or the equivalent, or an officer…

Section 113 Investments and Securities Act Section 113 of the Investments and Securities Act 2025 is about Civil liability for misstatements in prospectus. It is under Part IX (Regulation of Securities) of the Act. It provides as follows: (1) Where a prospectus invites persons to subscribe for securities, the persons referred to in subsection (2)…

Section 112 Investments and Securities Act Section 112 of the Investments and Securities Act 2025 is about Form of statement in lieu of prospectus. It is under Part IX (Regulation of Securities) of the Act. It provides as follows: A statement in lieu of prospectus shall be in the form and contain the particulars set…