Lock-in of specified securities held by the promoters

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..... es held by the promoters shall not be transferable (hereinafter referred to as lock-in ) for the periods as stipulated hereunder: a) minimum promoters contribution including contribution made by alternative investment funds or foreign venture capital investors or scheduled commercial banks or public financial institutions or insurance companies registered with Insurance Regulatory and Develop .....

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..... then the lock-in period shall be one year from the date of allotment in the initial public offer.] 6 [ Explanation : For the purpose of this sub-regulation, capital expenditure shall include civil work, miscellaneous fixed assets, purchase of land, building and plant and machinery, etc.] 2 [ (2) The SR equity shares shall be under lock-in until conversion into equity shares havi .....

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..... 1 before it was read as: one year 6. Substituted Vide Notification No. SEBI /LAD - NRO /GN/2021/45. Dated 13-08-2021 before it was read as: Explanation : For the purposes of this clause, the expression date of commencement of commercial production means the last date of the month in which commercial production of the project in respect of which the funds raise .....

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