https://www.taxtmi.com/acts?id=35791 The regulation requires a lock-in of the entire pre-issue capital for a prescribed period from allotment or listing, with exclusions for disclosed employee share schemes, venture capital/qualifying AIF/foreign venture capital holdings subject to a longer holding-period measured from purchase, and equity held continuously by non-promoters prior to a direct listing. Convertible securities and resultant equity are treated together for holding-period calculation. Promoter locked-in securities may be pledged as collateral to scheduled commercial banks or public financial institutions if pledged as a loan condition, remain transferable under the transfer regulation, and discretionary allotments follow anchor investor lock-in requirements. en-us Mon, 28 Jan 2019 15:29:08 +0530 Mon, 28 Jan 2019 15:53:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35791 The regulation requires a lock-in of the entire pre-issue capital for a prescribed period from allotment or listing, with exclusions for disclosed employee share schemes, venture capital/qualifying AIF/foreign venture capital holdings subject to a longer holding-period measured from purchase, and equity held continuously by non-promoters prior to a direct listing. Convertible securities and resultant equity are treated together for holding-period calculation. Promoter locked-in securities may be pledged as collateral to scheduled commercial banks or public financial institutions if pledged as a loan condition, remain transferable under the transfer regulation, and discretionary allotments follow anchor investor lock-in requirements. Act-Rules SEBI Mon, 28 Jan 2019 15:29:08 +0530 https://www.taxtmi.com/acts?id=35791