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Securities and Exchange Board of India (SEBI) is likely to make it mandatory for companies entering a merger or acquisition to take prior permission from market regulator when approaching any court or tribunal with an arrangement scheme, says a report in the Livemint . SEBI will finalise the rule in its board meet scheduled on January 14.
An arrangement scheme refers to an agreement between the firm and its shareholders. The move, if implemented, will reduced litigation in M&As and will also help protect the interest of minority shareholders.
Securities and Exchange Board of India (SEBI) is likely to make it mandatory for companies entering a merger or acquisition to take prior permission from market regulator when approaching any court or tribunal with an arrangement scheme, says a report in the Livemint . SEBI will finalise the rule in its board meet scheduled on January 14. 
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