Regulation 167A - Pledge of locked-in specified securities
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Part V LOCK-IN AND RESTRICTIONS ON TRANSFERABILITY
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Pledge of locked-in securities permitted as loan collateral but lock-in continues preventing transfer until expiry. Pledge of locked-in specified securities is allowed where promoters' locked-in securities (excluding SR equity shares) are pledged as collateral to ... Summary
Pledge of locked-in securities permitted as loan collateral but lock-in continues preventing transfer until expiry.
Pledge of locked-in specified securities is allowed where promoters' locked-in securities (excluding SR equity shares) are pledged as collateral to specified lenders for a loan granted to the issuer or its subsidiaries to finance the objects of the issue and where pledge is a sanction condition; the lock-in continues on invocation and the pledgor cannot transfer the securities until the lock-in period expires.
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