INVESTMENTS AND SECURITIES ACT

Section 128: Power to order the break-up of company.

2007Section 128 of 316Federal Republic of Nigeria

(1) Where the Commission determines that the business practice of a company substantially prevents or lessens competition, the Commission may in the public interest order the break- up of the company into separate entities in such a way that its operations do not cause a substantial restraint of competition in its line of business or in the market.
(2) Before the break-up order becomes effective, the affected company shall have been notified by the Commission and given a specified time within which to make representation to the Commission.
(3) Thereafter the Commission shall refer the order to the Court for sanctioning.

Cite this section

Section 128, INVESTMENTS AND SECURITIES ACT (2007).

https://repo.podus.ai/laws/investments-and-securities-act/section/128/