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

Last updated: 28 December 2020

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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 down the detailed requirements to be complied by listed entities while undertaking schemes of arrangements.

2. In order to enable the users to have access to the applicable circulars at one place, Master Circular in respect of schemes of arrangement has been prepared.

3. This Master Circular is a compilation of relevant and updated circulars issued by SEBI which deal with schemes of arrangement and which are operational as on date of this circular.

4. A list of SEBI circulars compiled in this Master Circular is given in Appendix at the end of this Master Circular.

5. In case of any inconsistency between the Master Circular and the applicable circulars, the content of the relevant circular shall prevail.

6. This circular is available on SEBI website at www.sebi.gov.in.

Yours faithfully

Yogita Jadhav
General Manager

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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.