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        SEBI

        Regulation 120 - Transferability of locked-in specified securities

        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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        Transferability of locked-in securities: promoters may transfer to promoter group or new promoter, with lock-in continuing on transferee. Promoters may transfer locked-in specified securities (excluding SR equity shares) to another promoter, promoter-group person, new promoter, or person in control, subject to applicable substantial acquisition and takeover regulations; the lock-in continues with the transferee and they cannot transfer the securities until the remaining lock-in period expires.
                      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.

                            Transferability of locked-in securities: promoters may transfer to promoter group or new promoter, with lock-in continuing on transferee.

                            Promoters may transfer locked-in specified securities (excluding SR equity shares) to another promoter, promoter-group person, new promoter, or person in control, subject to applicable substantial acquisition and takeover regulations; the lock-in continues with the transferee and they cannot transfer the securities until the remaining lock-in period expires.


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