https://www.taxtmi.com/acts?id=33514 Minimum promoters' contribution requires promoters to subscribe a prescribed portion of the issue either in equity or by subscribing to convertible securities; if conversion price or post-conversion equity price is not pre-determined and disclosed, contribution must be by subscription to the convertible securities with a written undertaking to subscribe on conversion. Where conversion price is pre-determined, promoter equity contribution must not be at a price below the weighted average price on conversion; promoters must satisfy contribution before the issue opens and keep contribution proceeds in an escrow account until issue proceeds are released. en-us Fri, 21 Dec 2018 12:30:16 +0530 Wed, 12 Mar 2025 12:33:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33514 Minimum promoters' contribution requires promoters to subscribe a prescribed portion of the issue either in equity or by subscribing to convertible securities; if conversion price or post-conversion equity price is not pre-determined and disclosed, contribution must be by subscription to the convertible securities with a written undertaking to subscribe on conversion. Where conversion price is pre-determined, promoter equity contribution must not be at a price below the weighted average price on conversion; promoters must satisfy contribution before the issue opens and keep contribution proceeds in an escrow account until issue proceeds are released. Act-Rules SEBI Fri, 21 Dec 2018 12:30:16 +0530 https://www.taxtmi.com/acts?id=33514