- Specified securities [, except SR equity shares,] [Inserted by Notification No. SEBI/LAD-NRO/GN/2019/29, dated 29.7.2019.] held by the promoters and locked-in may be pledged as a collateral security for a loan granted by a scheduled commercial bank or a public financial institution or a systemically important non-banking finance company or a housing finance company, subject to the following:
Chapter IV — – Lock-in and Restrictions on Transferability 16. Lock-in of specified securities held by the promoters.
Section 21
Pledge of locked-in specified securities
Printed from Law on Tips • The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018