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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Transferability of locked-in securities permitted among promoters with lock-in continuing to transferee; preferential allotments non-transferable pending trading approval. Transferability of locked-in specified securities held by promoters is permitted among promoters, promoter group members, new promoters, or persons in ... Summary
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
Transferability of locked-in securities permitted among promoters with lock-in continuing to transferee; preferential allotments non-transferable pending trading approval.
Transferability of locked-in specified securities held by promoters is permitted among promoters, promoter group members, new promoters, or persons in control, subject to takeover laws, and the lock-in continues for the transferee for the remaining period. Specified securities allotted on a preferential basis are not transferable by the allottees until trading approval is granted by the recognised stock exchanges where the issuer's equity shares are listed.
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