Regulation 20 - Inscription or recording of non-transferability
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Part IV LOCK-IN AND RESTRICTIONS ON TRANSFERABILITY
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Non-transferability inscription requirement ensures lock-in periods are indicated and recorded for securities, enforcing issuer compliance. Certificates of specified securities subject to lock-in must bear the inscription "non-transferable" and specify the lock-in period; where such securities ... Summary
Referred In :
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
Non-transferability inscription requirement ensures lock-in periods are indicated and recorded for securities, enforcing issuer compliance.
Certificates of specified securities subject to lock-in must bear the inscription "non-transferable" and specify the lock-in period; where such securities are dematerialised, the issuer must ensure the depository records the lock-in, making the restriction effective in both physical and electronic forms.
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