OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND EITHER NON-CONVERTIBLE DEBT SECURITIES OR NON-CONVERTBLE REDEEMABLE PREFERENCE SHARES OR BOTH - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND EITHER NON-CONVERTIBLE DEBT SECURITIES OR NON-CONVERTBLE REDEEMABLE PREFERENCE SHARES OR BOTH - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Regulation 94 - Draft Scheme of Arrangement & Scheme of Arrangement in case of entities that have listed their specified securities
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Chapter X DUTIES AND OBLIGATIONS OF THE RECOGNISED STOCK EXCHANGE(S)
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No-objection letter process for schemes: stock exchanges must review, forward to the Board and issue letters within set timelines. Regulation 94 requires the designated stock exchange to forward draft schemes and prescribed documents to the Board, assess compliance with securities ... Summary
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No-objection letter process for schemes: stock exchanges must review, forward to the Board and issue letters within set timelines.
Regulation 94 requires the designated stock exchange to forward draft schemes and prescribed documents to the Board, assess compliance with securities laws, submit a No-objection Letter to the Board within stipulated timelines, and issue a No-objection Letter to the listed entity after incorporating Board comments; such letters are valid for six months. The exchange must bring objections to the Court or Tribunal during scheme approval and, once the scheme is sanctioned, forward recommendations to the Board on the listed entity's submitted documents under regulation 37.
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