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Pledge of locked-in specified securities

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....closure Requirements) Regulations, 2018<br>Pledge of locked-in specified securities 242. Specified securities held by the promoters and locked-in may be pledged as a collateral security for a loan ....

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....objects of the issue and pledge of specified securities is one of the terms of sanction of the loan; b) if the specified securities are locked-in in terms of clause (b) of regulation 238 and ....

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