INVESTMENTS AND SECURITIES ACT

Section 255: Deficiency in fund to be charged upon revenue.

2007Section 255 of 316Federal Republic of Nigeria

In the event of the sinking fund established by an issuer pursuant to the provisions of this part of this Act being found at the time fixed for the repayment of the loan to be insufficient for such redemption, the deficiency shall be made good out of the general revenue and assets of the body concerned and that of the project which is the beneficiary of the loan.

Cite this section

Section 255, INVESTMENTS AND SECURITIES ACT (2007).

https://repo.podus.ai/laws/investments-and-securities-act/section/255/