https://www.taxtmi.com/acts?id=33520 Pledge of locked-in specified securities by promoters is allowed as collateral for loans from scheduled commercial banks, public financial institutions, systemically important NBFCs, or housing finance companies only where the pledge is an express term of the loan sanction; if locked-in under regulation 115(a) the loan must be to the issuer or its subsidiaries to finance objects of the issue. SR equity shares are excluded. en-us Fri, 21 Dec 2018 12:31:30 +0530 Fri, 09 Aug 2024 16:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33520 Pledge of locked-in specified securities by promoters is allowed as collateral for loans from scheduled commercial banks, public financial institutions, systemically important NBFCs, or housing finance companies only where the pledge is an express term of the loan sanction; if locked-in under regulation 115(a) the loan must be to the issuer or its subsidiaries to finance objects of the issue. SR equity shares are excluded. Act-Rules SEBI Fri, 21 Dec 2018 12:31:30 +0530 https://www.taxtmi.com/acts?id=33520