Transferability of locked-in securities: lock-in remains with the transferee and further transfers are barred until expiry. Subject to the Substantial Acquisition and Takeovers framework, specified securities locked-in as held by promoters may be transferred to another promoter, promoter group member, new promoter or person in control, and specified securities locked-in as held by non-promoters may be transferred to any other person (including promoter or promoter group) holding locked-in securities together with those proposed for transfer; the lock-in period continues to bind the transferee, who may not further transfer until the lock-in expires.