Addendum to SEBI Circular dated November 16, 2021 relating to Schemes of Arrangement by Listed Entities
- SEBI vide Circular No. SEBI/HO/CFD/DIL2/CIR/0/2021 dated November 16, 2021 notified changes to the Master Circular No. SEBI/HO/CFD/DIL1/CIR/P/2020/249 dated December 22, 2020.
- In this regard, an addendum to the aforesaid Circular dated November 16, 2021 is placed at Annexure 1.
- Applicability of this Circular: This Circular shall be applicable for all the schemes filedwith the stock exchanges from the date of the Circular.
- The recognized stock exchanges are directed to bring the provisions of this circular to the notice of the listed companies and also to disseminate the same on their website
- This circular is issued inexercise of powers conferred by Section 11(1) of the Securities and Exchange Board of India Act, 1992 and Regulations 11, 37 and 94 read with Regulation 101(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Rule 19(7) of Securities Contracts (Regulation) Rules, 1957 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Annexure
Addendum -Amendment to PART-I of Circular No. SEBI/HO/CFD/DIL1/CIR/P/2020/249 dated December 22, 2020 (‘the circular’)
- Insertion of Part I Para A 2(k)
No Objection Certificate (NOC) from the lending scheduled commercial banks/financial institutions/debenture trustees.
Also Read:
- Maintenance of current accounts in multiple banks by Stock Brokers
- Common and Simplified Norms for processing investor’s service request by RTAs and norms for furnishing PAN, KYC details and Nomination
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2021.
- Schemes of Arrangement by Listed Entities
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