ISSUE OF SPECIFIED SECURITIES BY SMALL AND MEDIUM ENTERPRISESSecurities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
ISSUE OF SPECIFIED SECURITIES BY SMALL AND MEDIUM ENTERPRISESSecurities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
Regulation 37 - Lock-in of specified securities held by persons other than promoters
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Part IV RESTRICTION ON TRANSFERABILITY (LOCK-IN) OF PROMOTERS’ CONTRIBUTION, ETC.
Contents
Notifications
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 of specified securities: pre-issue non promoter holdings subject to statutory one-year restriction after an IPO. Regulation 37 requires a one-year lock-in of the entire pre-issue capital held by persons other than promoters in an initial public offer, while exempting ... Summary
Lock-in of specified securities: pre-issue non promoter holdings subject to statutory one-year restriction after an IPO.
Regulation 37 requires a one-year lock-in of the entire pre-issue capital held by persons other than promoters in an initial public offer, while exempting employee stock option/share purchase allotments disclosed per schedule and equity shares held by venture capital or specified alternative investment funds or foreign venture capital investors (subject to at least one-year lock-in from purchase). Where equity results from conversion of fully paid compulsorily convertible securities, the holding periods of the securities and resultant shares are aggregated for the one-year calculation.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.