https://www.taxtmi.com/acts?id=33415 The regulation requires promoters to hold twenty per cent of post-issue expanded capital, by equity or subscription to convertible securities, with specified institutional or qualifying non-individual investors allowed to cover a limited shortfall without being identified as promoters. Conversion-linked equity must observe pre-determined pricing and not be below the weighted average price when conversions occur on different dates. Promoters must satisfy the contribution at least one day prior to opening; promoter funds intended for contribution must be held in escrow and disclosed if already utilised. en-us Fri, 21 Dec 2018 11:32:47 +0530 Thu, 13 Mar 2025 16:10:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33415 The regulation requires promoters to hold twenty per cent of post-issue expanded capital, by equity or subscription to convertible securities, with specified institutional or qualifying non-individual investors allowed to cover a limited shortfall without being identified as promoters. Conversion-linked equity must observe pre-determined pricing and not be below the weighted average price when conversions occur on different dates. Promoters must satisfy the contribution at least one day prior to opening; promoter funds intended for contribution must be held in escrow and disclosed if already utilised. Act-Rules SEBI Fri, 21 Dec 2018 11:32:47 +0530 https://www.taxtmi.com/acts?id=33415