Examples of ICDR in a sentence
We confirm that in compliance with Regulation 237 of SEBI ICDR Regulations, the minimum Promoter contribution of 20% as shown above which is subject to lock-in for three years does not consist of: • Equity Shares acquired during the preceding three years for consideration other than cash and out of revaluation of assets or capitalization of intangible assets or bonus shares out of revaluation reserves or reserves without accrual of cash resources.
Nuzhat Irfan Furniturewala are not being considered as parents for the purposes of the definition of promoter group as prescribed under Regulation 2(pp)(ii) of the SEBI (ICDR) Regulations, 2018.
In case of over-subscription in all categories the allocation in the Issue shall be as per the requirements of Regulation 253 (2) of SEBI (ICDR) Regulations, as amended from time to time.
The Restated Financial Statements included in this Draft Prospectus is as at and for the fiscal ended March 31, 2020 and has been prepared in accordance with Indian GAAP and the Companies Act, and has been restated in accordance with the SEBI (ICDR) Regulations.
Pursuant to Regulation 238 (b) of the SEBI (ICDR) Regulations, in addition to the Promoter’ Contribution to be locked-in for a period of 3 years, as specified above, the entire Pre-Issue Equity Share capital will be locked in for a period of one (1) year from the date of Allotment in this Issue.