BSE clarification on the SEBI circular on Scheme(s) of Arrangement by entities who have listed their Non-convertible Debt securities (NCDs)/ Non-convertible Redeemable Preference shares (NCRPS)

The Listed Entity shall submit their revert to queries (if any) raised by the Stock Exchange w.r.t NOC for scheme of arrangement within 7 working days of the query being raised, to enable adherence to the requirement of a “maximum number of days for providing the ‘No-Objection’ Letter to SEBI shall not exceed thirty days from the date of receipt of the draft scheme of arrangement”.