The Securities and Exchange Board of India (SEBI) has issued a Master Circular consolidating all relevant and updated circulars concerning schemes of arrangement for listed entities. This document aims to provide a single, accessible source for all requirements and directions related to such arrangements. It includes a list of compiled circulars in the appendix, and in case of any discrepancies, the specific circular's content will take precedence.
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 compile all relevant and updated SEBI circulars and directions regarding schemes of arrangement for listed entities, making them accessible in one place.
This Master Circular is intended for all listed entities and recognized Stock Exchanges.
It covers the Scheme of Arrangement by Listed Entities and Relaxation under Sub-rule (7) of rule 19 of the Securities Contracts (Regulation) Rules, 1957.
A list of 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 shall 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