Exemption from Requirement of Promoters Contribution
The requirement of promoters contribution is not applicable in the following these cases although in all the cases, the shareholders should disclose, in the offer document, their existing share holding and the extent to which they participating in the proposed issue.
(a) Where no identifiable promoter/promoter group exists
(b) Right issue
Lock-In Requirements of Promoters Contribution
Promoters contribution is subject to a lock-in period as detailed below.