The Securities and Exchange Board of India (SEBI) has issued a Master Circular consolidating all previous circulars and directions regarding schemes of arrangement for listed entities. This document serves as a single point of access for users to find the detailed requirements and updated regulations. It compiles all relevant and operational circulars as of December 22, 2020, ensuring clarity and ease of compliance for listed companies.
Securities and Exchange Board of India
MASTER CIRCULAR
SEBI/HO/CFD/DIL1/CIR/P/2020/249
December 22, 2020
To,
All listed entities
All the recognized Stock Exchanges
Dear Sir / Madam,
Master Circular on (i) Scheme of Arrangement by Listed Entities and (ii) Relaxation under Sub-rule (7) of rule 19 of the Securities Contracts (Regulation) Rules, 1957
1. Securities and Exchange Board of India (SEBI), from time to time, has been issuing various circulars/directions which lay d
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FAQ :
The purpose of this Master Circular is to provide listed entities with a single, consolidated document containing all applicable and updated circulars and directions related to schemes of arrangement.
This Master Circular is intended for all listed entities and all recognised stock exchanges.
It covers the requirements for listed entities undertaking schemes of arrangement and also includes information on relaxation under Sub-rule (7) of rule 19 of the Securities Contracts (Regulation) Rules, 1957.
A list of the SEBI circulars compiled in this Master Circular is provided in the Appendix at the end of the document.
In case of any inconsistency between the Master Circular and the applicable circulars, the content of the relevant specific circular will prevail.
This circular is available on the SEBI website at www.sebi.gov.in.
Source : https://www.sebi.gov.in/legal/master-circulars/dec-2020/master-circular-on-i-scheme-of-arrangement-by-listed-entities-and-ii-relaxation-under-sub-rule-7-of-rule-19-of-the-securities-contracts-regulation-rules-1957_48531.html