Lock-in requirement for sweat equity shares requires mandatory retention after allotment and triggers public-issue disclosure obligations. Regulation 12 mandates a lock-in for sweat equity shares from allotment and provides that if a company issues a public offer after issuing sweat equity, ... Summary
SEBI (Disclosure and Investor Protection Guidelines) 2000
Lock-in requirement for sweat equity shares requires mandatory retention after allotment and triggers public-issue disclosure obligations.
Regulation 12 mandates a lock-in for sweat equity shares from allotment and provides that if a company issues a public offer after issuing sweat equity, the public-issue disclosure and investor protection guidelines govern the lock-in and computation of promoters' contribution.
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