Section 51: Power of the Commission to revoke registration or apply to Court.

Notwithstanding anything contained in any law or memorandum and articles of association of a capital market operator, where the Commission or an appointed person has, pursuant to an order under section 49 of this Act, assumed control of a capital market operator whose paid-up capital is lost or unrepresented by available assets, the Commission may:(a) make an order revoking the capital market operator's registration; and
(b) apply to the Federal High Court for an order for the Commission or any person nominated by the Commission to purchase or acquire the capital market operator for a nominal fee for the purpose of its restructuring and subsequent sale.