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        SEBI

        Regulation 118 - Inscription or recording of non-transferability

        Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
        Part IV
        LOCK-IN AND RESTRICTIONS ON TRANSFERABILITY

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        Non-transferability inscription requirement ensures lock-in recording and depository compliance for specified securities by issuers under regulation. Certificates of specified securities subject to a lock-in must bear the inscription non-transferable and state the lock-in period; where dematerialised, the issuer must ensure the lock-in is recorded by the depository.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Non-transferability inscription requirement ensures lock-in recording and depository compliance for specified securities by issuers under regulation.

                                Certificates of specified securities subject to a lock-in must bear the inscription non-transferable and state the lock-in period; where dematerialised, the issuer must ensure the lock-in is recorded by the depository.


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