OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS MUTUAL FUND UNITS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS MUTUAL FUND UNITS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Regulation 37 - Draft Scheme of Arrangement & Scheme of Arrangement
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Chapter IV OBLIGATIONS OF A LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND NON-CONVERTIBLE DEBT SECURITIES
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No-objection letter requirement: listed entities must obtain and present stock exchange clearance before filing schemes of arrangement. Listed entities must file the draft scheme with stock exchange(s) and obtain a No-objection letter from the exchange(s) before filing the scheme with any ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
No-objection letter requirement: listed entities must obtain and present stock exchange clearance before filing schemes of arrangement.
Listed entities must file the draft scheme with stock exchange(s) and obtain a No-objection letter from the exchange(s) before filing the scheme with any Court or Tribunal; the valid No-objection letter must be placed before the Court or Tribunal, and post-sanction documents prescribed by the Board or exchanges must be submitted. Certain draft schemes (merger of wholly owned subsidiary with holding company; uniform write-off of losses against capital or reserves) are exempt from the pre-filing requirement but must still be filed with exchanges for disclosures; restructuring plans approved under insolvency resolution are subject to immediate disclosure to exchanges.
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