Regulatory Alerts2026-04-08
Added · Updated
Ease of doing business - mechanism for lock-in of pledged shares under SEBI ICDR Regulations, 2018
The Securities and Exchange Board of India (SEBI) directs stock exchanges, depositories, merchant bankers, and issuers to comply with a new mechanism for locking in pledged shares under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. This operationalizes SEBI's March 21, 2026 amendment allowing specified securities to be recorded as "non-transferable" by depositories during the lock-in period. Issuers must incorporate relevant provisions in their Articles of Association, notify lenders, and make disclosures in offer documents, while depositories have updated their systems to facilitate this process.
Topics
Share