Regulation 243 - Transferability of locked-in specified securities
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Part IV LOCK-IN AND RESTRICTIONS ON TRANSFERRABILITY
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Transferability of locked-in securities: lock-in remains with the transferee and further transfers are barred until expiry. Subject to the Substantial Acquisition and Takeovers framework, specified securities locked-in as held by promoters may be transferred to another ... Summary
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
Transferability of locked-in securities: lock-in remains with the transferee and further transfers are barred until expiry.
Subject to the Substantial Acquisition and Takeovers framework, specified securities locked-in as held by promoters may be transferred to another promoter, promoter group member, new promoter or person in control, and specified securities locked-in as held by non-promoters may be transferred to any other person (including promoter or promoter group) holding locked-in securities together with those proposed for transfer; the lock-in period continues to bind the transferee, who may not further transfer until the lock-in expires.
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