Regulation 241 - 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 TRANSFERRABILITY
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Non-transferability inscription requirement ensures locked securities state non-transferable and lock-in period, with depository recording for dematerialised holdings. Certificates of specified securities subject to a lock-in must bear the non-transferable inscription and state the lock-in period; if 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 locked securities state non-transferable and lock-in period, with depository recording for dematerialised holdings.
Certificates of specified securities subject to a lock-in must bear the non-transferable inscription and state the lock-in period; if dematerialised, the issuer must ensure the lock-in is recorded by the depository.
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