Merger procedures streamlined

SEBI has eased the norms and requirements related to disclosures, lock in shares by promoters and listing compliances in relation to schemes of arrangements like mergers and demergers. The move is aimed at expediting the process of draft schemes.

The listed entities are no longer required to submit certain documents to the stock exchanges following the sanction of the scheme by the High Court or National Company Law Tribunal (NCLT). Whereas, the SEBI had revised transaction charges on commodity derivatives trade.

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