The Director General of SEC Nigeria recently spoke on Arise Television, shedding light on key updates in the Investment and Securities Act (ISA) 2025 | Enroll Now: Training Opportunities at The Nigerian Capital Market Institute (NCMI)! | In a major boost to capital market regulation in Nigeria, President Ahmed Bola Tinubu GCFR, has assented to the Investments and Securities Bill (ISB) 2025, which repeals the Investments and Securities Act No. 29 of 2007 and enacts the Investments and Secu | The Director General of SEC Nigeria recently spoke on Arise Television, shedding light on key updates in the Investment and Securities Act (ISA) 2025 | Enroll Now: Training Opportunities at The Nigerian Capital Market Institute (NCMI)! | In a major boost to capital market regulation in Nigeria, President Ahmed Bola Tinubu GCFR, has assented to the Investments and Securities Bill (ISB) 2025, which repeals the Investments and Securities Act No. 29 of 2007 and enacts the Investments and Secu |

Clarification On Prohibition Of Gifts At General Meetings (AGMS/EGMS)

March 03, 2020

The Securities and Exchange Commission wishes to clarify the application of Rule 602 (4) of its Rules and Regulations.

Rule 602(4) states that ‘’public companies shall not distribute gifts to shareholders, observers and any other person at Annual General Meetings/Extra-Ordinary General Meetings’’

The Commission considers it necessary to clarify that ‘’light refreshment’’ are not construed as ‘’gifts’’.

Signed

Management

  1. Back to Home
  2. /
  3. For Investors
  4. /
  5. Keep Track of Circulars
  6. /
  7. Clarification On Prohibition Of Gifts At General Meetings (AGMS/EGMS)