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of <h1>SEBI Clarifies Timing for No Objection Certificate Submission Under Regulation 37(1) for Listed Entities' Schemes of Arrangement.</h1> The Securities and Exchange Board of India (SEBI) issued a circular clarifying the timing for submitting a No Objection Certificate (NOC) by listed entities undergoing schemes of arrangement. According to the circular, the NOC from lending scheduled commercial banks, financial institutions, or debenture trustees must be submitted before receiving the no-objection letter from the stock exchange as per Regulation 37(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Stock exchanges are instructed to inform listed companies and publish the circular on their websites. The circular is issued under SEBI's regulatory powers to protect investor interests and regulate the securities market.
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