Pledge of locked-in specified securities.

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..... tal and Disclosure Requirements) Regulations, 2009
Pledge of locked-in specified securities. 39. Specified securities held by promoters and locked-in may be pledged with any scheduled commercial b .....

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..... sanction of the loan; (b) if the specified securities are locked-in in terms of clause (b) of regulation 36 and the pledge of specified securities is one of the terms of sanction of the loan. -
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