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The SEBI has notified the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2021 wherein regulation 16 for lock-in period of specified securities held by promotor has been amended. As a result lock-in period of minimum promoters’ contribution has been reduced to 18 months from a period of three years from the date of commencement of commercial production or date of allotment in the initial public offer, whichever is later.The SEBI has notified the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2021 wherein regulation 16 for lock-in period of specified securities held by promotor has been amended. As a result lock-in period of minimum promoters’ contribution has been reduced to 18 months from a period of three years from the date of commencement of commercial production or date of allotment in the initial public offer, whichever is later.taxmann.com Latest Statutory HappeningsRead More