Section 285 Investments and Securities Act Section 285 of the Investments and Securities Act 2025 is about Trustee as underwriter. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows: A trustee shall not underwrite an offer unless it has been registered with the Commission as an underwriter:Provided that the…

Section 284 Investments and Securities Act Section 284 of the Investments and Securities Act 2025 is about Powers of trustees. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows: The trustees appointed under this Part shall have all the powers conferred upon trustees by the trust deed under which…

Section 283 Investments and Securities Act Section 283 of the Investments and Securities Act 2025 is about Appointment of trustees. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows: (1) The issuer may appoint a trustee for the purpose of acting on behalf of bond holders of debt securities…

Section 282 Investments and Securities Act Section 282 of the Investments and Securities Act 2025 is about Appropriation and payment of interest. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows: (1) Where any interest is payable in respect of securities, the issuer shall appropriate a sum sufficient to…

Section 281 Investments and Securities Act Section 281 of the Investments and Securities Act 2025 is about Bonds. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows: (1) Every bond shall be signed by the issuer and when issued, bind the issuer to pay the principal sum and the…

Section 280 Investments and Securities Act Section 280 of the Investments and Securities Act 2025 is about Rights of survivorship. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows: (1) Notwithstanding anything to the contrary contained in any other law, or enactment —(a) when a promissory note is payable…

Section 279 Investments and Securities Act Section 279 of the Investments and Securities Act 2025 is about Manner and effect of endorsement. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows: Notwithstanding the provisions of the Bills of Exchange Act to the contrary — (a) an endorsement of a…

Section 278 Investments and Securities Act Section 278 of the Investments and Securities Act 2025 is about Promissory notes. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows: (1) Every promissory note shall be signed by the issuer and shall, when issued, bind the relevant body to pay the…

Section 277 Investments and Securities Act Section 277 of the Investments and Securities Act 2025 is about Entries in a bond register. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows: The entries in a bond register shall be presumed to be a correct representation of the facts, matters,…

Section 276 Investments and Securities Act Section 276 of the Investments and Securities Act 2025 is about Dematerialised debt security. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows: (1) Securities shall be allotted in dematerialised form and shall be electronically registered, if applicable, on the account of the…