SEBI vide Circular dated November 16, 2021 and Circular dated November 18, 2021, has notified changes to the Master Circular dated December 22, 2020 (‘the circular’).
In respect of the No Objection Certificate (NOC) as required in terms of Circular dated November 16, 2021 and November 18, 2021, Part I Para A 2(k) of the circular* shall read as follows:
No Objection Certificate (NOC) from the lending scheduled commercial banks/ financial institutions/ debenture trustees, from not less than 75% of the secured creditors in value. (*Addendum to Part I Para A 2(k) of the Master Circular dated December 22, 2020)
This Circular shall be applicable for all the schemes filed with the stock exchanges after Nov 16, 2021
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