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<h1>SEBI Issues Guidelines for Mergers and Amalgamations u/r 19(7); Details Compliance and Approval Process for Listed Entities.</h1> The circular issued by SEBI outlines the procedures and requirements for listed entities undergoing schemes of arrangement, such as mergers or amalgamations, and seeking relaxation under sub-rule (7) of rule 19 of the Securities Contracts (Regulation) Rules, 1957. It mandates compliance with specific SEBI regulations and provides guidelines for stock exchanges and listed entities to follow during the arrangement process. This includes submitting a draft scheme, valuation reports, and obtaining shareholder approval through postal ballot and e-voting. The circular also details the obligations of stock exchanges and the process for SEBI's review and comments on draft schemes.