Transferability of locked in shares
This query is : Resolved
10 January 2013
Dear All Experts,
Under Preferential allotment of conversion of warrants If a a body corporate become a promoters after allotment of convertible warrants on September 2010 and the shares under lock in period than in this case can the promoter transfer the shares to another promoters.
Regards
Nidhi Agarwal
Under Preferential allotment of conversion of warrants If a a body corporate become a promoters after allotment of convertible warrants on September 2010 and the shares under lock in period than in this case can the promoter transfer the shares to another promoters.
Regards
Nidhi Agarwal
11 January 2013
Hi
If your company is listed company, then check the lock in period upto which the shares are locked by CDSL or NSDL. During lock in the promoter can not transfer any right of shares to any one.
If your company is listed company, then check the lock in period upto which the shares are locked by CDSL or NSDL. During lock in the promoter can not transfer any right of shares to any one.
11 January 2013
Sir,
But According to under regulation 40 of ICDR regulation the Inter se transfer can be done for listed company.
But According to under regulation 40 of ICDR regulation the Inter se transfer can be done for listed company.
11 January 2013
Hi
As per our understanding transfer will not be effected during lock in of shares. Please check transaction statement of that promoter. Lock-in shares is not eligible under transfer. Please also check ICDRA Regulation on pref allotment.
As per our understanding transfer will not be effected during lock in of shares. Please check transaction statement of that promoter. Lock-in shares is not eligible under transfer. Please also check ICDRA Regulation on pref allotment.
11 January 2013
Sir,
Plz go through this link.
https://www.sebi.gov.in/acts/icdrreg09.pdf
Plz go through this link.
https://www.sebi.gov.in/acts/icdrreg09.pdf
11 January 2013
Hi
Please read sub regulation (6) of Regulation 78.
We already face the same problem and discussed with NSE and BSE on the same. The will not approve transfer during locking of that shares.
Please read sub regulation (6) of Regulation 78.
We already face the same problem and discussed with NSE and BSE on the same. The will not approve transfer during locking of that shares.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- Free lancer income
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Last year TDS Claim
- Long Term Service award taxability in hands of company
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
