https://www.taxtmi.com/acts?id=33559 The regulation specifies exemptions from Chapter V preferential issue rules for conversions of debt, court- or tribunal-approved restructuring schemes, and qualified institutional placements, while preserving certain pricing and lock-in obligations. It exempts securities allotted to specified financial institutions from pricing and lock-in, permits Board relaxations where adequate explanatory disclosures about allottees are made, and sets conditions for lender allotments under debt restructuring, including RBI-guided conversion pricing, independent valuer certification, a one-year lock-in with transferable control subject to continued lock-in, lock-in adjustments for prior locks, and compliance with company law including special resolution requirements. en-us Fri, 21 Dec 2018 13:01:59 +0530 Sat, 10 Aug 2024 11:14:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33559 The regulation specifies exemptions from Chapter V preferential issue rules for conversions of debt, court- or tribunal-approved restructuring schemes, and qualified institutional placements, while preserving certain pricing and lock-in obligations. It exempts securities allotted to specified financial institutions from pricing and lock-in, permits Board relaxations where adequate explanatory disclosures about allottees are made, and sets conditions for lender allotments under debt restructuring, including RBI-guided conversion pricing, independent valuer certification, a one-year lock-in with transferable control subject to continued lock-in, lock-in adjustments for prior locks, and compliance with company law including special resolution requirements. Act-Rules SEBI Fri, 21 Dec 2018 13:01:59 +0530 https://www.taxtmi.com/acts?id=33559