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    <title>Reference of cases for relaxation of Rule 19(2)(b) of Securities Contract (Regulation) Act, 1957</title>
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    <description>Listing of equity securities not meeting Rule 19(2)(b) - including amalgamation, arrangement, demerger and hive off cases - must not be carried out directly by stock exchanges and must be referred to the securities regulator for appropriate exemption with the recommending exchange&#039;s recommendations; this instruction supersedes earlier guidance.</description>
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      <description>Listing of equity securities not meeting Rule 19(2)(b) - including amalgamation, arrangement, demerger and hive off cases - must not be carried out directly by stock exchanges and must be referred to the securities regulator for appropriate exemption with the recommending exchange&#039;s recommendations; this instruction supersedes earlier guidance.</description>
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