Lock-in of specified securities held by the promoters

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..... the promoters 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 [Pr .....

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..... in compliance with the other provisions 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. Omitt .....

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..... was read as: Explanation : For the purposes of this regulation, 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 raised are proposed to be utilised as stated in the offer document, is expected to commence. - - statute, statutory provisions legislation, law, enactmen .....

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