Section 297 Investments and Securities Act

Section 297 of the Investments and Securities Act 2025 is about Limitation of legal action. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows:

Except as otherwise provided in this Part, an action shall not lie against the issuer in respect of any securities —

(a) redeemed on or after the date on which payment of the principal amount becomes due, after the lapse of six years from that date;

(b) for which a duplicate certificate is issued after the lapse of six years from the date of the issue of such duplicate or from the date of the last payment of interest on such securities, whichever date is later; or

(c) for which a renewed certificate is issued or consolidated or subdivided under this Act, after the lapse of six years from the date of the issuance.