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of <h1>Securities Lock-In: Certificates Must State 'Non-Transferable' and Lock-In Period, Ensure Dematerialized Records per Regulation 241.</h1> Certificates of specified securities under lock-in must be inscribed with 'non-transferable' and indicate the lock-in period. If these securities are dematerialized, the issuer must ensure the lock-in is recorded by the depository, as per Regulation 241 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
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