https://www.taxtmi.com/circulars?id=58335 Revised framework requires listed companies to file Draft Scheme and prescribed documents with a designated stock exchange, place an independent valuation before the Audit Committee, publish the Draft Scheme and Observation Letter on company and exchange websites, and include the Observation Letter and a Complaints Report in shareholder notices. Designated exchanges must forward the Draft Scheme to SEBI promptly, process and issue Objection/No Objection letters and Observation Letters within set timelines. SEBI will review, seek clarifications or independent opinions and communicate comments to exchanges; post sanction, the approved Scheme, voting results, compliance statement and other documents must be submitted for listing and trading commencement under prescribed timelines, with Observation Letters valid for six months. en-us Mon, 04 Feb 2013 00:00:00 +0530 Sat, 15 Dec 2018 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58335 Revised framework requires listed companies to file Draft Scheme and prescribed documents with a designated stock exchange, place an independent valuation before the Audit Committee, publish the Draft Scheme and Observation Letter on company and exchange websites, and include the Observation Letter and a Complaints Report in shareholder notices. Designated exchanges must forward the Draft Scheme to SEBI promptly, process and issue Objection/No Objection letters and Observation Letters within set timelines. SEBI will review, seek clarifications or independent opinions and communicate comments to exchanges; post sanction, the approved Scheme, voting results, compliance statement and other documents must be submitted for listing and trading commencement under prescribed timelines, with Observation Letters valid for six months. Circulars SEBI Mon, 04 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58335