Securities ineligible for minimum promoters’ contribution

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..... be eligible: (a) specified securities acquired during the preceding three years, if they are: (i) acquired for consideration other than cash and revaluation of assets or capitalisation of intangible assets is involved in such transaction; or (ii) resulting from a bonus issue by utilisation of revaluation reserves or unrealised profits of the issuer or from bonus issue against equity shar .....

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..... f business and invested capital that had been in existence for a period of more than one year prior to such approval; (iii) to an initial public offer by a government company, statutory authority or corporation or any special purpose vehicle set up by any of them, which is engaged in infrastructure sector; (c) specified securities allotted to promoters 3 [and alternative investment funds] .....

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..... 391-394 of the Companies Act, 1956. Explanation: For the purposes of clause (b) of sub-regulation (1), the term infrastructure sector includes the facilities or services as specified in Schedule X. ****** 1 Inserted by SEBI (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2012, w.e.f. 12.10.2012. 2 Inserted by SEBI (Issue of Capital and Disclosure .....

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