The Securities and Exchange Board of India (SEBI), vide its
board meeting held on 29 June 2021, took certain decisions relating
to various capital market issues. Further, pursuant to the circular
dated 6 July 2021, SEBI has prescribed a standard operating
procedure for listed subsidiary companies desirous of getting
delisted through a scheme of arrangement wherein the listed holding
company and the listed subsidiary are in the same line of business.
We have summarized key provisions as under:
SEBI Board Meeting dated 29 June 2021
Review and Merger of SEBI (Issue and Listing of Debt
Securities) Regulations, 2008 and SEBI (Non-Convertible Redeemable
Preference Shares) Regulations, 2013 into a single Regulation
– SEBI (Issue and Listing of Non-Convertible Securities)
Regulations, 2021
