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<h1>Regulation 11 prohibits schemes like mergers or capital reduction from violating securities laws or stock exchange rules.</h1> Regulation 11 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 mandates that any scheme of arrangement, such as amalgamation, merger, reconstruction, or capital reduction proposed by a listed entity, must not contravene, override, or limit securities laws or stock exchange requirements. This regulation, however, does not apply to units issued by mutual funds listed on recognized stock exchanges.