INVESTMENTS AND SECURITIES ACT
Section 20: Application of the funds of the Commission.
The Commission may apply the proceeds of the Fund established under section 19 of this Act to :(a) meet the cost of administration of the Commission;
(b) reimburse members of the Commission or any committee set up by the Commission for expenses authorised or approved by the Commission;
(c) pay the salaries, fees or other remuneration or allowances, pensions and gratuities payable to the employees of the Commission;
(d) maintain any property acquired by or vested in the Commission;
(e) implement all or any of the functions of the Commission under this Act or any matter connected with those functions; and
(f) meet any capital expenditure approved by the Board of the Commission.
Cite this section
Section 20, INVESTMENTS AND SECURITIES ACT (2007).
https://repo.podus.ai/laws/investments-and-securities-act/section/20/