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(1) Where-

(a) an investigation which constitutes or may constitute an offence under this Law is being carried out in relation to an act or omission by a person; or

(b) prosecution has been instituted against a person for an offence under this Law; or

(c) civil proceedings have been instituted against a person under this Law,

and the Court considers it necessary or desirable for the purpose of protecting the interest of any persons to whom a person referred to in paragraph (a), (b) or (c) of this subsection, (referred to in this section as the relevant person), is liable or may become liable to pay any moneys, whether in respect of a debt or by way of damages or compensation or otherwise account for any securities or other property, the court may, on application by the Commission, make any one or more of the orders specified in subsection (2).

(2) The court may make-

(a) an order prohibiting either absolutely or subject to conditions a person who is indebted to the relevant person or to any person associated with the relevant person, from making a payment in total or partial discharge of the debt;

(b) an order prohibiting, either absolutely or subject to conditions, a person holding money or securities or other property on behalf of the relevant person or on behalf of any person associated with the relevant person, from paying all or any of the money transferring or other wise parting with possession the securities or other property to any person;

(c) an order prohibiting, either absolutely or subject to conditions, the taking or sending out of Ghana of moneys of the relevant person of any person associated, with relevant person;

(d) an order prohibiting, either absolutely or subject to conditions, the taking, sending or transfer of securities or other property of the relevant person or of any person who is associated with the relevant person from a place in Ghana to a place outside in Ghana including the transfer of securities from a register in Ghana to a register outside Ghana;

(e) an order appointing a receiver or receiver and manager with such powers as the court may order of the property or part of the property of the relevant person;

(f) an order where the relevant person is a natural person-

(i) requiring him to deliver up to the court his passport and such other documents as the court thinks fit; or

(ii) prohibiting him from leaving Ghana without the consent of court.

(3) Where an application is made to a court for an order under subsection (1), the court may, before considering the application, on a further application by the Commission grant an interim order pending the determination of the original application.

(4) Where the Commission makes an application to the court for an order under subsection (1), the court shall not require the commission or any other person, as a condition of granting an interim order under subsection (3) to give any undertakings as to damages.

(5) Where the court has made an order under this section, it may, on application by the Commission or by any person affected by the order, make a further order rescinding or varying the earlier order.

(6) An order made under this section may be expressed to operate for a period specified in the order or until the order is rescinded by a further order under subsection (5).

(7) A person who contravenes or fails to comply with an order by the court under this section applicable to him commits an offence and is liable on conviction to a fine not exceeding 500 penalty units or to imprisonment for a term not exceeding 2 years or to both.[As amended by Securities Industry (Amendment) Act, 2000 (Act 590), sch. to s.13].