Section 330 Investments and Securities Act

Section 330 of the Investments and Securities Act 2025 is about Application of the fund of the Tribunal. It is under Part XVII (Establishment, Jurisdiction, Authority and Procedure of The Investments and Securities Tribunal) of the Act. It provides as follows:

The Tribunal may apply the proceeds of the Fund established in section 327 of this Act to —
(a) meet the cost of administration of the Tribunal;
(b) reimburse members of the Tribunal and staff or any committee of the Tribunal for expenses authorised;

(c) pay the salaries, remuneration or allowances, pensions and gratuities as applicable to the members and staff of the Tribunal;
(d) finance staff promotion, training, internships, scholarships, research and similar activities;

(e) maintain any property acquired by or vested in the Tribunal;
(f ) meet any capital expenditure approved by the Tribunal; and
(g) perform all or any of the functions of the Tribunal under this Act or any matter connected with those functions.