Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Regulation 106ZB mandates six-month lock-in for pre-issue capital, with exceptions for certain investors and schemes.</h1> Regulation 106ZB of the Securities and Exchange Board of India (SEBI) mandates that the entire pre-issue capital of shareholders be locked-in for six months from the allotment date in a public issue or the listing date without a public issue. Exceptions include equity shares allotted to employees under specific schemes, shares held by venture capital funds or foreign investors locked-in for at least one year, and shares held by non-promoters for at least one year before listing. Locked-in securities held by promoters may be pledged as collateral for loans and transferred per regulation 40. Additionally, securities allotted discretionarily must adhere to lock-in requirements for Anchor Investors.
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