a) SEBI vide master circular SEBI/HO/CFD/DIL1/CIR/P/2020/249 dated December 22, 2020 has issued Master Circular on (i) Scheme of Arrangement by Listed Entities and (ii) Relaxation under Sub-rule (7) of rule 19 of the Securities Contracts (Regulation) Rules, 1957.

b) In order to enable the users to have access to the applicable circulars at one place, Master Circular in respect of schemes of arrangement has been prepared.

c) In case of any inconsistency between the Master Circular and the applicable circulars, the content of the relevant circular shall prevail.