alleryStart learning →Reg 22: locked-in promoter securities may move to whom, subject to takeover rules?
AThe lead manager
BAny public investor
CAnother promoter
DA mutual fund
Answer & Solution
Correct answer: C. Another promoter
They may be transferred to another promoter, a person of the promoter group or a new promoter, and the lock-in continues with the transferee.
Keep practising Public Issue and Capital Raising Rules
Browse all Public Issue and Capital Raising Rules questions for CA Final, or explore more Law topics.
Related questions
Under the Reg 5 Explanation, a past debarment stops barring an IPO when?Reg 183(2)(a): minimum size of an IDR issue?Reg 183(1)(a): an IDR issuer must be listed in its home country for at least?Reg 180: the largest share any single QIP allottee may receive?Reg 180: minimum QIP allottees when the issue is up to Rs 250 crore?Reg 172(3): minimum gap between successive QIPs?Reg 172(1)(b): QIP equity shares must have been listed at least how long?Reg 172(1)(a): QIP allotment must follow the special resolution within?