TMI BlogLock-inX X X X Extracts X X X X X X X X Extracts X X X X ..... be: Provided that not more than twenty per cent. of the total capital of the issuer shall be locked-in for 3 [ 18 months ] from the date of trading approval: Provided further that equity shares allotted in excess of the twenty per cent. shall be locked-in for 4 [ six months ] from the date of trading approval pursuant to exercise of options or otherwise, as the case may be. Provided further that in case of convertible securities or warrants which are not listed on stock exchanges, such securities shall be locked in for a period of one year from the date of allotment. (2) The specified securities allotted on a preferential basis to persons other than the promoters and promoter group and the equity shares allotted pursuant t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6 [ 90 trading days ] from the date of trading approval: Provided that in case of convertible securities or warrants which are not listed on stock exchanges, the entire pre-preferential allotment shareholding of the allottees, if any, shall be locked-in from the relevant date up to a period of 7 [ 90 trading days ] from the date of allotment of such securities. 8 [ (7) Lock-in requirements for an allottee who has become a promoter due to change in control consequent to the preferential issue shall be the same as those applicable to the promoters and promoter group under this regulation. ] Explanation 1: For the purpose of this regulation: (I) The expression total capital of the issuer means: (a) equity share capit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4-01-2022 before it was read as three years 4. Substituted vide Notification No. SEBI/LAD-NRO/GN/ 2022/ 63 dated 14-01-2022 before it was read as one year 5. Substituted vide Notification No. SEBI/LAD-NRO/GN/ 2022/ 63 dated 14-01-2022 before it was read as one year 6. Substituted vide Notification No. SEBI/LAD-NRO/GN/ 2022/ 63 dated 14-01-2022 before it was read as six months 7. Substituted vide Notification No. SEBI/LAD-NRO/GN/ 2022/ 63 dated 14-01-2022 before it was read as six months 8. Inserted vide Notification No. SEBI/LAD-NRO/GN/ 2022/ 63 dated 14-01-2022 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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