Chapter IV - OBLIGATIONS OF A LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND NON-CONVERTIBLE DEBT SECURITIES (From Regulation 15 to Regulation 48)
Chapter VA - CORPORATE GOVERNANCE NORMS FOR A LISTED ENTITY WHICH HAS LISTED ITS NONCONVERTIBLE DEBT SECURITIES (From Regulation 62B to Regulation 62Q)
Chapter VI - OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND EITHER NON-CONVERTIBLE DEBT SECURITIES OR NON-CONVERTBLE REDEEMABLE PREFERENCE SHARES OR BOTH (From Regulation 63 to Regulation 64)
Chapter VIA - FRAMEWORK FOR VOLUNTARY DELISTING OF NON-CONVERTIBLE DEBT SECURITIES OR NON-CONVERTBLE REDEEMABLE PREFERENCE SHARES AND OBLIGATIONS OF THE LISTED ENTITY ON SUCH DELISTING (From Regulation 64A to Regulation 64I)
Regulation 59A - Draft Scheme of Arrangement and Scheme of Arrangement
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Chapter V OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS NON-CONVERTIBLE SECURITIES
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No-objection requirement for schemes of arrangement: listed issuers must obtain exchange clearance before filing with the tribunal. Regulation 59A requires a listed entity with listed non-convertible debt securities or non-convertible redeemable preference shares to file its draft scheme with the stock exchange(s) and pay the prescribed fee to obtain a No-objection letter before filing the scheme with the National Company Law Tribunal; filing without this No-objection is prohibited, the letter must be placed before the NCLT and is valid for six months, and after NCLT sanction the entity must submit specified documents and comply with additional Board or exchange requirements, with a specified exception for approved insolvency resolution plans disclosed within one day.
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.
Provisions expressly mentioned in the judgment/order text.
No-objection requirement for schemes of arrangement: listed issuers must obtain exchange clearance before filing with the tribunal.
Regulation 59A requires a listed entity with listed non-convertible debt securities or non-convertible redeemable preference shares to file its draft scheme with the stock exchange(s) and pay the prescribed fee to obtain a No-objection letter before filing the scheme with the National Company Law Tribunal; filing without this No-objection is prohibited, the letter must be placed before the NCLT and is valid for six months, and after NCLT sanction the entity must submit specified documents and comply with additional Board or exchange requirements, with a specified exception for approved insolvency resolution plans disclosed within one day.
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