https://www.taxtmi.com/circulars?id=66252 Unlisted Market Infrastructure Institutions proposing a scheme of arrangement must file the draft scheme with SEBI for an observation or no-objection letter before approaching any Court or Tribunal. Filings must include board approval, a registered valuer's report with a recent undertaking, an Audit Committee recommendation addressing need, rationale, synergies and shareholder impact, a SEBI-registered merchant banker fairness opinion, audited financials, auditor certification of accounting treatment, disclosures on defaults and litigation, lender NOCs where applicable, a complaints report, and a certified compliance report; the draft must be disclosed on the MII's website upon filing. en-us Tue, 28 Mar 2023 00:00:00 +0530 Wed, 29 Mar 2023 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66252 Unlisted Market Infrastructure Institutions proposing a scheme of arrangement must file the draft scheme with SEBI for an observation or no-objection letter before approaching any Court or Tribunal. Filings must include board approval, a registered valuer's report with a recent undertaking, an Audit Committee recommendation addressing need, rationale, synergies and shareholder impact, a SEBI-registered merchant banker fairness opinion, audited financials, auditor certification of accounting treatment, disclosures on defaults and litigation, lender NOCs where applicable, a complaints report, and a certified compliance report; the draft must be disclosed on the MII's website upon filing. Circulars SEBI Tue, 28 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66252