Examples of SEBI Scheme Circular in a sentence
The Scheme provides inter alia for the demerger of the Demerged Undertaking (as defined below) of the Transferor to the Transferee (“Demerger”) and the consequent issuance of equity shares by the Transferee to the shareholders of the Transferor under Sections 230- 232 and other applicable provisions of the Act (as defined below) and the SEBI Scheme Circular (as defined below).
The Transferee Company shall ensure that steps for listing of the Transferee Company Shares are completed and trading of the Transferee Company Shares commences within the period prescribed under the SEBI Scheme Circular.
The Scheme shall be acted upon only if the votes cast by the public shareholders in favour of the Scheme are more than the number of votes cast by the public shareholders of the Resulting Company, against it as required under the SEBI Scheme Circular.
BSE Limited was appointed as the designated stock exchange by the Applicant Company for the purpose of coordinating with the SEBI, pursuant to the SEBI Scheme Circular.
The Transferee Company complying with other provisions of the SEBI Scheme Circular, including seeking approval of its shareholders through postal ballot and e-voting.