Can the promoters transfer their equity shares at any time?
The entire promoters contribution towards equity (including the contribution of friends and relatives) shall carry a ‘lock-in’ period of three years from the date of issue of licence and at least 40% will be locked in for a further period of two years beyond the aforesaid period of three years subject to review before completion of five years.
Related Questions
- I own shares of ABC company and Equity Financial Trust Company is the transfer agent named on the share certificate. How many shares do I own and what are they worth?
- I own shares of ABC company and Equity Transfer & Trust Company is the transfer agent on the share certificate. How many shares do I own and what are they worth?
- What is the normal time for processing the transfer of shares or any other requests?
