Similarly, the sub-committee has also brought down the lock-in period for the promoter shares of BFIs to seven years against the proposed 10-year period. This means that a promoter might be able to offload his/her shares of the BFIs after seven years of operation. - See more at: http://www.myrepublica.com/feature-article/story/42986/panel-for-reducing-lock-up-period-of-promoter-shareholders-to-seven-years.html#sthash.YxjlSw92.dpuf

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The govt. talking about letting promoters sell their share after 7 year from 10 year till date, after changing the rule, not converting promoter share into general share. (Lock up period from 10 yr down to 7 year.)

My view, promoter share should be converted into general share, 5% every year and let general share holder have right to become chairman of the company.