Para 2.5
- Document type
- Policy
- Dated
- Category
- Policy
Automatic Route :(b) Existing Companies
- 2.5
- The earlier requirement that shares allotted on preferential basis shall not be transferable in any manner for a period of 5 years from the date of their allotment has now been modified to the extent that not more than 20 per cent of the entire contribution brought in by promoter cumulatively in public or preferential issue shall be locked in.