Preferential issue

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Querist : Anonymous

Querist : Anonymous (Querist)

15 March 2013 dear sirs,

kindly provide the details of lock in equity shares at the time of prefrential issue in detalils

Ajay Mishra

Ajay Mishra (Expert)

15 March 2013 Your company is listed company or non listed company.

Querist : Anonymous

Querist : Anonymous (Querist)

16 March 2013 public listed company..

example:

No. of shares
Existing Shares 100
Proposed New Allotment
(preferential issue to Promoters) 20

Pls note: 15 shares held by Promoters had been locked in for 3 years in IPO and are free now as 3 years is over.

QUERY : How new allotment of 20 shares will be locked in (for 3 years or 1 year or no lock in?)

Ajay Mishra

Ajay Mishra (Expert)

16 March 2013 Hi

At the time of issue of shares your shares will be locked from the date of relevant date up to 6 months from the date of allotment as per ICDR, Regulation 2009.

Your new allotment of 20 shares shall be locked for a period of 3 years from the date of allotment as per Regulation 78 of Sebi (ICDR) Regulation, 2009.

Querist : Anonymous

Querist : Anonymous (Querist)

16 March 2013 Sir,

Regulation 78 also said that Them minimum promoters contri. shall not again be put under fresh lock-in, even though it is considered for computing the requirement of 20% of the total capital of the issuer, in case the said minimum promoters contribution is free of locki-in at the time of the preferential issue.

so, howmany shares are to be put in lock in as of now?

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