INVESTMENTS AND SECURITIES ACT

Section 258: Right of registrar to compel application to issue renewal of promissory notes.

2007Section 258 of 316Federal Republic of Nigeria

The registrar may in such circumstances as may be prescribed:(a) issue a notice to the holder of any promissory note directing him to apply for a renewal of the promissory note; and
(b) withhold payment of the interest or principal amount due in respect of that promissory note until the application for renewal has been made and determined.

Cite this section

Section 258, INVESTMENTS AND SECURITIES ACT (2007).

https://repo.podus.ai/laws/investments-and-securities-act/section/258/