Transferability of locked in securities: promoters may transfer subject securities but lock in continues; trading approval blocks allottee transfers. Specified securities held by promoters and subject to lock in may be transferred among promoters, promoter group members, to a new promoter or persons in control, subject to Substantial Acquisition and Takeovers compliance, and the lock in continues for the transferee; securities allotted on a preferential basis cannot be transferred by the allottee until trading approval is granted by all recognised stock exchanges where the issuer is listed.
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.
Transferability of locked in securities: promoters may transfer subject securities but lock in continues; trading approval blocks allottee transfers.
Specified securities held by promoters and subject to lock in may be transferred among promoters, promoter group members, to a new promoter or persons in control, subject to Substantial Acquisition and Takeovers compliance, and the lock in continues for the transferee; securities allotted on a preferential basis cannot be transferred by the allottee until trading approval is granted by all recognised stock exchanges where the issuer is listed.
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