Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SEBI Enforces Lock-In Period for Promoters' Securities in Public Issues; Regulation 34 Provides Exemptions for Excess Contributions.</h1> In a public issue, the Securities and Exchange Board of India (SEBI) mandates that specified securities held by promoters are subject to a lock-in period. The minimum promoters' contribution, including contributions by alternative investment funds, must be locked-in for three years from the later of the commencement of commercial production or the date of allotment in the public issue. Any promoters' holdings exceeding this minimum contribution are locked-in for one year. However, excess contributions as specified in regulation 34 are exempt from this lock-in requirement. The commencement of commercial production is defined as the last date of the month when production is expected to start, as stated in the offer document.
TaxTMI 
TaxTMI 
