OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND EITHER NON-CONVERTIBLE DEBT SECURITIES OR NON-CONVERTBLE REDEEMABLE PREFERENCE SHARES OR BOTHSecurities 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 BOTHSecurities 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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