Draft Scheme of Arrangement & Scheme of Arrangement in case of entities that have listed their specified securities

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..... that have listed their specified securities]. 94. (1) The designated stock exchange, upon receipt of draft schemes of arrangement and the documents prescribed by the Board, as per sub-regulation (1) of regulation 37, shall forward the same to the Board, in the manner prescribed by the Board. (2) The stock exchange(s) shall submit to the Board its 1 [ **** ] No-Objection Letter on the dr .....

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..... hange(s) shall bring the 4 [ **** ] objections, as the case may be, to the notice of Court or Tribunal at the time of approval of the scheme of arrangement. (5) Upon sanction of the Scheme by the Court or Tribunal, the designated stock exchange shall forward its recommendations to the Board on the documents submitted by the listed entity in terms of sub-regulation (5) of regulation 37. .....

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