Section 293 Investments and Securities Act

Section 293 of the Investments and Securities Act 2025 is about Deficiency in fund to be charged upon revenue. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows:

In the event of the sinking fund established by an issuer under the provisions of this Part being found at the time fixed for the repayment of the debt securities to be insufficient for such redemption, the deficiency shall be made good out of the general revenue and assets of the body concerned or the project or assets funded by the proceeds of the debt securities.