Section 246 Investments and Securities Act Section 246 of the Investments and Securities Act 2025 is about Warehouse receipt as evidence of proprietary rights. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows: (1) A warehouse receipt drawn and issued shall be first proof of the holder…

Section 245 Investments and Securities Act Section 245 of the Investments and Securities Act 2025 is about Issuance of warehouse receipt. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows: (1) A warehouse receipt as defined in this Act shall only be issued by an entity duly…

Section 244 Investments and Securities Act Section 244 of the Investments and Securities Act 2025 is about Registration of collateral management company. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows: (1) A person shall not operate a collateral management company without registration by the Commission, and…

Section 243 Investments and Securities Act Section 243 of the Investments and Securities Act 2025 is about Inspection of warehouse by the Commission. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows: (1) The Commission or its appointed agent may inspect any warehouse. (2) A person who…

Section 242 Investments and Securities Act Section 242 of the Investments and Securities Act 2025 is about Insurance of warehouse and commodities. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows: A warehouse operator shall insure its warehouse structures and facilities, as well as the commodities stored…

Section 241 Investments and Securities Act Section 241 of the Investments and Securities Act 2025 is about Revocation and suspension of warehouse registration. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows: (1) The Commission may revoke or suspend the registration of a warehouse for any violation…

Section 240 Investments and Securities Act Section 240 of the Investments and Securities Act 2025 is about Registration of warehouses. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows: (1) A person shall not operate a warehouse storing commodities linked to an exchange or issuing warehouse receipts…

Section 239 Investments and Securities Act Section 239 of the Investments and Securities Act 2025 is about Offences. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows: (1) A person shall not —(a) create or cause to be created or do anything that is calculated to create…

Section 238 Investments and Securities Act Section 238 of the Investments and Securities Act 2025 is about Prohibition of use of certain titles. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows: (1) A person other than a clearing house, a commodities exchange, a commodity broker, a…

Section 237 Investments and Securities Act Section 237 of the Investments and Securities Act 2025 is about Emergency powers. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows: (1) Whenever the Commission has reason to believe that an emergency exists, it may direct a commodity exchange or…