INVESTMENTS AND SECURITIES ACT
Section 58: Production of register.
(1) The Commission or any person authorised by it in that behalf may require any person to whom this part of this Act applies to produce for inspection, the register required to be kept pursuant to section 56 of this Act and the Commission or any person so authorised may take extracts there from.
(2) Any person who fails to produce a register for inspection or fails to allow any person authorised under subsection (1) of this section to make a copy of or take extracts from the register commits an offence and is liable on conviction to a fine of not less than N50,000 or for a term of imprisonment of not less than six months or to both fine or imprisonment.
(3) The Commission may, in lieu of a prosecution under subsection (2) of this section, impose a penalty of not less than N100,000 and a further sum of N5,000 for every day during which the violation continues.
Cite this section
Section 58, INVESTMENTS AND SECURITIES ACT (2007).
https://repo.podus.ai/laws/investments-and-securities-act/section/58/