https://www.taxtmi.com/circulars?id=57812 Amendments require draft schemes for wholly owned subsidiary mergers to be filed with stock exchanges for disclosure; mandate that valuation reports and fairness opinions be supplied by an Independent Chartered Accountant and an Independent SEBI-registered Merchant Banker absent material conflicts; impose a minimum public-holding safeguard in the post-scheme shareholding on a fully diluted basis; prescribe staged lock-in of pre-scheme share capital for unlisted issuers seeking listing with limited exceptions and permitted pledges or inter-se promoter transfers; and require completion of listing and commencement of trading within a specified period after the court order with prior newspaper disclosures. en-us Wed, 03 Jan 2018 00:00:00 +0530 Thu, 29 Nov 2018 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57812 Amendments require draft schemes for wholly owned subsidiary mergers to be filed with stock exchanges for disclosure; mandate that valuation reports and fairness opinions be supplied by an Independent Chartered Accountant and an Independent SEBI-registered Merchant Banker absent material conflicts; impose a minimum public-holding safeguard in the post-scheme shareholding on a fully diluted basis; prescribe staged lock-in of pre-scheme share capital for unlisted issuers seeking listing with limited exceptions and permitted pledges or inter-se promoter transfers; and require completion of listing and commencement of trading within a specified period after the court order with prior newspaper disclosures. Circulars SEBI Wed, 03 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57812