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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Transfer Rules for Locked-In Securities: Promoters Can Transfer Within Group; Lock-In Period Applies to Transferees</h1> Under Regulation 243 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, locked-in specified securities held by promoters can be transferred to another promoter, a person in the promoter group, a new promoter, or a person in control of the issuer, while those held by non-promoters can be transferred to any person, including promoters. The lock-in period for these securities continues with the transferee, who cannot transfer them until the stipulated lock-in period expires, in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.