Transferability of eligible securities restricted to recognised stock exchange for one year under qualified institutions placement. Eligible securities allotted under a qualified institutions placement are subject to a lock-in restriction: allottees may not sell or transfer those securities for one year from allotment, except through sale on a recognised stock exchange.
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 eligible securities restricted to recognised stock exchange for one year under qualified institutions placement.
Eligible securities allotted under a qualified institutions placement are subject to a lock-in restriction: allottees may not sell or transfer those securities for one year from allotment, except through sale on a recognised stock exchange.
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