BSE has issued a notice for schemes of arrangements by the listed entities

Jan 06, 2022 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe Bombay Stock exchange (BSE) on January 05, 2022 has issued a notice for the schemes of arrangement by the listed entities in order for clarification w.r.t timing of submissions of NOC from the lending scheduled commercial banks/ financial institutions/ debenture trustees. 

In respect of the NOC as required in terms of Circular dated November 16, 2021 and November 18, 2021, it is now clarified that the NOC shall be submitted before the receipt of the No[1]objection letter from stock exchange in terms of Regulation 37(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

[Notice No. 20220105-04]


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