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Lock-in of specified securities held by the promoters

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..... ers shall not be transferable (hereinafter referred to as locked-in ) for the periods as stipulated hereunder: (a) minimum promoters contribution including contribution made by alternative investment funds, or foreign venture capital investors, as applicable, shall be locked-in for a period of 3 [ eighteen months from the date of allotment of the further public offer]; 4 [Provided that in case the .....

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..... of these regulations. ] 2 [****] 6 [ Explanation : For the purpose of this regulation, capital expenditure shall include civil work, miscellaneous fixed assets, purchase of land, building and plant and machinery, etc.] ********** NOTES:- 1. Inserted vide Notification No. SEBI /LAD- NRO /GN/2019/29 dated 29-07-2019 2. Omitted vide Notification No. SEBI /LAD- NRO /GN/2021/03 dated 08-01-2021 before .....

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..... means the last date of the month in which commercial production of the project in respect of which the funds raised are proposed to be utilised as stated in the offer document, is expected to commence. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI .....

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