APPOINTMENT OF LEAD MANAGERS, OTHER INTERMEDIARIES AND COMPLIANCE OFFICER.Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
APPOINTMENT OF LEAD MANAGERS, OTHER INTERMEDIARIES AND COMPLIANCE OFFICER.Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Part V LOCK-IN AND RESTRICTIONS ON TRANSFERABILITY
Contents
Notifications
Acts
Rules & Regulations
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Lock-in rules impose specified locked-in periods for preferential allotments, differing for promoters, non promoters and convertibles. Preferentially allotted specified securities and shares derived from warrants or conversions are subject to differentiated lock-in periods: ... Summary
Lock-in rules impose specified locked-in periods for preferential allotments, differing for promoters, non promoters and convertibles.
Preferentially allotted specified securities and shares derived from warrants or conversions are subject to differentiated lock-in periods: promoters/promoter group allotments locked for 18 months (with a 20% total capital cap and excess shares locked for six months); non-promoters locked for six months; unlisted convertibles or warrants locked for one year from allotment; conversion of convertibles reduces equity lock-in to the extent convertibles were already locked; pre-preferential holdings are locked for 90 trading days; unpaid recalculated price extends lock-in until payment; change-in-control allottees follow promoter lock-in rules.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.