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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Clarifies Pricing Rules for Listed Entities' Schemes: Relevant Date is Board Meeting Approval Date.</h1> The circular issued by SEBI addresses schemes of arrangement by listed entities and provides clarification regarding the pricing provisions under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. It specifies that the 'relevant date' for computing pricing in such schemes is the date of the board meeting where the scheme is approved. The circular instructs stock exchanges to inform listed entities and make the information available on their websites. Issued under various sections of the SEBI Act and related regulations, it aims to ensure compliance with Rule 19(7) of the Securities Contracts (Regulation) Rules, 1957.
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