Non applicability of the Guidelines Homework Help

Non-applicability of the Guidelines

The above guidelines are not applicable in the following cases: (i) Where further shares are allotted in pursuance to the merger and amalgamation scheme approved by a High Court; (ii) (a) Where further shares are allotted to a person/group of persons in accordance with the provisions of the rehabilitation packages approved by the BIFR, (b) Where such persons are promoters or belong to the promoter group the lock-in provisions would continue to apply unless otherwise stated in the BIFR order; (iii) Where further shares are allotted to all-India public financial institutions in accordance with the provisions of the loan agreements signed prior to August 4, 1994.

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