No objection letter for schemes of arrangement: prior stock exchange clearance required before filing the scheme with the adjudicatory authority. Amendments require listed entities with listed non-convertible debt securities or non-convertible redeemable preference shares to file a draft scheme of arrangement with stock exchange(s) and pay a prescribed fee to obtain a No-objection letter before filing the scheme with the adjudicatory authority; the No-objection letter is valid for six months. Stock exchanges must forward drafts to the Board, assess compliance with securities laws and issue No-objection Letters within Board-specified timelines, and place objections before the adjudicatory authority at sanction. Upon sanction, entities and exchanges must submit prescribed documents and recommendations to the Board.