Lock-in of specified securities held by promoters

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Full Text of the Document

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....for the period stipulated hereunder: (a) minimum promoters' contribution 1[ including contribution made by alternative investment funds, referred to in proviso to clause (a) of sub-regulation (1) of regulation 32,] shall be locked-in for a period of three years from the date of commencement of commercial production or date of allotment in the public issue, whichever is later; (b) promoters' hold....