Regulation 38 - Lock-in of specified securities lent to stabilising agent under green shoe option.
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Part IV RESTRICTION ON TRANSFERABILITY (LOCK-IN) OF PROMOTERS’ CONTRIBUTION, ETC.
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Lock-in exemption for securities lent under green shoe option permits transfer during lending, then resumes on return. The regulation exempts specified securities lent to a stabilising agent for a green shoe option from the usual lock-in during the lending period; upon return those securities are subject to the remaining lock-in period, with the lending interval not reducing the balance of the original lock-in.
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.
Lock-in exemption for securities lent under green shoe option permits transfer during lending, then resumes on return.
The regulation exempts specified securities lent to a stabilising agent for a green shoe option from the usual lock-in during the lending period; upon return those securities are subject to the remaining lock-in period, with the lending interval not reducing the balance of the original lock-in.
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