Strong indications emerged last Friday that the Securities and Exchange Commission (SEC) will begin to sanction public companies yet to register their shares as the deadline given to them expires today.
The capital market apex regulator had last February asked all public companies yet to register their shares to do so before June 30, 2014 or be sanctioned. Public companies, according to the Companies and Allied Matters Act, 1990, are firms that have more than 50 shareholders.
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