INVESTMENTS AND SECURITIES ACT

Section 20: Application of the funds of the Commission.

2007Section 20 of 316Federal Republic of Nigeria

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/