The Securities Exchange Board of India vide circular dated January 03, 2022 has Clarified that NOC from the lending scheduled commercial banks/ financial institutions/ debenture trustee shall be submitted before the receipt of the No objection letter from stock exchange for scheme of arrangement in terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The recognized stock exchanges are directed to bring the provisions of this circular to the notice of the listed companies and also to disseminate the same on their website.
