Draft Scheme of Arrangement & Scheme of Arrangement

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.... to provisions of regulation 11, the listed entity desirous of undertaking a scheme of arrangement or involved in a scheme of arrangement, shall file the draft scheme of arrangement, proposed to be filed before any Court or Tribunal under sections 391-394 and 101 of the Companies Act, 1956 or under Sections 230-234 and Section 66 of Companies Act, 2013, whichever applicable, ^1[along with a non-re....

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....**] No-objection letter of stock exchanges shall be six months from the date of issuance, within which the draft scheme of arrangement shall be submitted to the Court or Tribunal. (4)The listed entity shall ensure compliance with the other requirements as may be prescribed by the Board from time to time. (5) Upon sanction of the Scheme by the Court or Tribunal, the listed entity shall submit....

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.... resolution plan by the Tribunal under section 31 of the Insolvency Code, subject to the details being disclosed to the recognized stock exchanges within one day of the resolution plan being approved.]   ************* NOTES:- 1 Inserted by the SEBI (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017, w.e.f. 6.3.2017. 2 Inserted by the Securities and Exchan....