TaxTMI 
TaxTMI 
Lock-in of specified securities
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....issued on preferential basis to promoter or promoter group, shall be locked-in for a period of three years from 1[date of trading approval granted for] the specified securities or equity shares allotted pursuant to exercise of the option attached to warrant, as the case may be: Provided that not more than twenty per cent. of the total capital of the issuer shall be locked-in for three years from ....
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....(4) The equity shares issued on preferential basis pursuant to a scheme of corporate debt restructuring as per the Corporate Debt Restructuring framework specified by the Reserve Bank of India shall be locked-in for a period of one year from the 5[trading approval] : Provided that partly paid up equity shares, if any, shall be locked-in from the date of 6[trading approval] and the lock-in shall e....
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....ies which are convertible; and (b) specified securities issued on a preferential basis to promoter or promoter group. (II) (a) For the computation of twenty per cent. of the total capital of the issuer, the amount of minimum promoters' contribution held and locked-in, in the past in terms of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 or these reg....
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....ment) Regulations, 2013, w.e.f. 26-8-2013. 2 Substituted for "allotment" by the SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2013, w.e.f. 26-8-2013. 3 Substituted for "their allotment" by the SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2013, w.e.f. 26-8-2013. 4 Substituted for "their allotmen....