INVESTMENTS AND SECURITIES ACT

Section 127: Revocation of merger approval.

2007Section 127 of 316Federal Republic of Nigeria

(1) The Commission may revoke its own decision to approve or conditionally approve a small, intermediate or large merger if:
(a) the decision was based on incorrect information for which a party to the merger is responsible;
(b) the approval was obtained by deceit; or
(c) a company concerned in the merger has breached an obligation attached to the decision.
(2) If the Commission revokes a decision to approve a merger under subsection (1) of this section, it may prohibit the merger even though a time limit prescribed in this part may have elapsed.

Cite this section

Section 127, INVESTMENTS AND SECURITIES ACT (2007).

https://repo.podus.ai/laws/investments-and-securities-act/section/127/