https://www.taxtmi.com/acts?id=35670 Regulation 37 requires a one-year lock-in of the entire pre-issue capital held by persons other than promoters in an initial public offer, while exempting employee stock option/share purchase allotments disclosed per schedule and equity shares held by venture capital or specified alternative investment funds or foreign venture capital investors (subject to at least one-year lock-in from purchase). Where equity results from conversion of fully paid compulsorily convertible securities, the holding periods of the securities and resultant shares are aggregated for the one-year calculation. en-us Mon, 28 Jan 2019 10:54:15 +0530 Mon, 28 Jan 2019 10:54:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35670 Regulation 37 requires a one-year lock-in of the entire pre-issue capital held by persons other than promoters in an initial public offer, while exempting employee stock option/share purchase allotments disclosed per schedule and equity shares held by venture capital or specified alternative investment funds or foreign venture capital investors (subject to at least one-year lock-in from purchase). Where equity results from conversion of fully paid compulsorily convertible securities, the holding periods of the securities and resultant shares are aggregated for the one-year calculation. Act-Rules SEBI Mon, 28 Jan 2019 10:54:15 +0530 https://www.taxtmi.com/acts?id=35670