Section 120: Transferability of locked-in specified securities

Q: What does Section 120 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) deal with?

Section 120 ICDR Regulations pertains to "Transferability of locked-in specified securities". It is part of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, a legislation enacted by the Parliament of India. Section 120 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) governs transferability of locked-in specified securities. As verified on 19 May 2026.

Q: Is Section 120 ICDR Regulations still in force?

Yes, Section 120 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 is currently in force across the Republic of India.

Q: What is धारा 120 ICDR Regulations?

धारा 120 ICDR Regulations is the Devanagari Hindi reference for Section 120 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Section 120 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) governs transferability of locked-in specified securities. As verified on 19 May 2026.

Q: What is Dhara 120 ICDR Regulations?

Dhara 120 ICDR Regulations is the Roman Hindi reference for Section 120 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. "Dhara" means "Section" in Hindi. Section 120 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) governs transferability of locked-in specified securities. As verified on 19 May 2026.

Q: How to cite Section 120 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018?

Cite as: "Section 120, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations)" in legal briefs. For academic writing, use the BlueBook format: SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, § 120 (India).

Law on Tips Editorial Board

- Subject to the provisions of the Securities and Exchange Board of India (Substantial Acquisition of shares and Takeovers) Regulations, 2011, the specified securities [, except SR equity shares,] [Inserted by Notification No. SEBI/LAD-NRO/GN/2019/29, dated 29.7.2019.] held by the promoters and locked-in as per regulation 115 may be transferred to another promoter or any person of the promoter group or a new promoter or a person in control of the issuer:

Provided that lock-in on such specified securities shall continue for the remaining period with the transferee and such transferee shall not be eligible to transfer them till the lock-in period stipulated in these regulations has expired.