https://www.taxtmi.com/acts?id=33516 Specified promoter-held securities are subject to lock-in periods distinguishing minimum promoters' contribution and excess holdings; longer lock-ins apply when majority of net issue proceeds are for capital expenditure. SR equity shares remain locked until conversion to voting equity with parity to ordinary shares, and the term capital expenditure includes civil works, fixed assets, land, buildings, plant and machinery and repayment of loans taken for such expenditure. en-us Fri, 21 Dec 2018 12:30:39 +0530 Wed, 12 Mar 2025 12:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33516 Specified promoter-held securities are subject to lock-in periods distinguishing minimum promoters' contribution and excess holdings; longer lock-ins apply when majority of net issue proceeds are for capital expenditure. SR equity shares remain locked until conversion to voting equity with parity to ordinary shares, and the term capital expenditure includes civil works, fixed assets, land, buildings, plant and machinery and repayment of loans taken for such expenditure. Act-Rules SEBI Fri, 21 Dec 2018 12:30:39 +0530 https://www.taxtmi.com/acts?id=33516