SEBI Issues Master Circular on Schemes of Arrangement for Listed Entities u/r 19(7) of Securities Rules.
The Securities and Exchange Board of India (SEBI) issued a Master Circular on November 23, 2021, consolidating guidelines for listed entities undertaking schemes of arrangement and seeking relaxations under Sub-rule (7) of Rule 19 of the Securities Contracts (Regulation) Rules, 1957. This circular compiles existing SEBI circulars, detailing compliance requirements for listed entities, including document submissions, valuation reports, and shareholder approvals. It outlines conditions for schemes involving unlisted entities, mandates disclosures, and specifies procedures for listing equity shares and non-convertible securities. The circular emphasizes adherence to securities laws and provides formats for various reports and certificates.
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SEBI Issues Master Circular on Schemes of Arrangement for Listed Entities u/r 19(7) of Securities Rules.
The Securities and Exchange Board of India (SEBI) issued a Master Circular on November 23, 2021, consolidating guidelines for listed entities undertaking schemes of arrangement and seeking relaxations under Sub-rule (7) of Rule 19 of the Securities Contracts (Regulation) Rules, 1957. This circular compiles existing SEBI circulars, detailing compliance requirements for listed entities, including document submissions, valuation reports, and shareholder approvals. It outlines conditions for schemes involving unlisted entities, mandates disclosures, and specifies procedures for listing equity shares and non-convertible securities. The circular emphasizes adherence to securities laws and provides formats for various reports and certificates.
SEBI Issues Master Circular on Schemes of Arrangement for Listed Entities u/r 19(7) of Securities Rules.
The Securities and Exchange Board of India (SEBI) issued a Master Circular on November 23, 2021, consolidating guidelines for listed entities undertaking schemes of arrangement and seeking relaxations under Sub-rule (7) of Rule 19 of the Securities Contracts (Regulation) Rules, 1957. This circular compiles existing SEBI circulars, detailing compliance requirements for listed entities, including document submissions, valuation reports, and shareholder approvals. It outlines conditions for schemes involving unlisted entities, mandates disclosures, and specifies procedures for listing equity shares and non-convertible securities. The circular emphasizes adherence to securities laws and provides formats for various reports and certificates.
Full Summary is availble for active users!
Note: It is a system-generated summary and is for quick
reference only.