https://www.taxtmi.com/acts?id=33409 Regulation 8 conditions an offer for sale on a holding period requirement that only fully paid-up equity shares held by sellers for the required period prior to filing the draft offer document may be sold. Holdings arising from conversion or exchange of fully paid-up compulsorily convertible securities are aggregated with resultant equity shares, provided conversion is complete before filing and conversion terms are disclosed. Exceptions include offers by certain government-controlled infrastructure entities, shares acquired under approved scheme substitutions for business and invested capital, and bonus shares issued from free reserves and share premium, not revaluation reserves or unrealized profits. en-us Fri, 21 Dec 2018 11:31:12 +0530 Wed, 10 Sep 2025 15:05:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33409 Regulation 8 conditions an offer for sale on a holding period requirement that only fully paid-up equity shares held by sellers for the required period prior to filing the draft offer document may be sold. Holdings arising from conversion or exchange of fully paid-up compulsorily convertible securities are aggregated with resultant equity shares, provided conversion is complete before filing and conversion terms are disclosed. Exceptions include offers by certain government-controlled infrastructure entities, shares acquired under approved scheme substitutions for business and invested capital, and bonus shares issued from free reserves and share premium, not revaluation reserves or unrealized profits. Act-Rules SEBI Fri, 21 Dec 2018 11:31:12 +0530 https://www.taxtmi.com/acts?id=33409