Select Page

Lock-in of Minimum Required Contribution

In case of any (all) issue(s) of capital to the public, the minimum promoters contribution would be locked-in for a period of three years. The lock-in would start from the date of allotment in the proposed issue. and the last date of the lock period would be reckoned as three years from the date of commencement of commercial production (i.e the last date of the month in which commercial production in a manufacturing company is expected to commence as stated in the offer document), or the date of allotment in the lie issue, or whichever is later.

[vfb id=1]

Share This