Sebi's Observations On Scheme Of Arrangements
PARADIGM SHIFT FROM SE TO SEBI Prior to 4th February, 2013, the scheme of arrangements, involving listed companies, were regulated in accordance with clause 24 (f) of Listing Agreement i.e. with the Stock Exchange (SE). However, post 4th February, 2013, SEBI amended the requirements and introduced a circular, wherein it widened its scope for dealing with the Schemes and provided for additional disclosures/ procedural compliance’s by SE’s/ Listed Companies.