INVESTMENTS AND SECURITIES ACT
Section 191: Representation against directive or its revocation.
(1) Where the Commission proposes to:
(a) give a directive under section 190 of this Act; or
(b) revoke such directive otherwise than at the request of the manager or trustee or custodian of the scheme, it shall give the applicants or, as the case may be, the manager and trustee or custodian of the scheme written notice of its intention to do so stating the reasons for which it proposes to act and giving particulars of the rights conferred by subsection (2) of this section.
(2) A person on whom a notice is served under subsection (1) of this section may, within twenty one days of the date of service, make written representations to the Commission and, if desired, oral representations to a person appointed for that purpose by the Commission.
(3) The Commission shall have regard to any representations made in accordance with subsection (2) of this section in determining whether to refuse the application or revoke the order, as the case may be.
Cite this section
Section 191, INVESTMENTS AND SECURITIES ACT (2007).
https://repo.podus.ai/laws/investments-and-securities-act/section/191/