MNP Ltd is a listed company and is in the process of merging SQW Ltd, not being a listed company. The management of MNP Ltd desires your suggestions and process in getting the No objection or observation letter from the

Any listed company desirous of undertaking a scheme of arrangement or involved in a scheme of arrangement, shall file the draft scheme of arrangement, proposed to be filed before Tribunal under Sections 230-234 and Section 66 of Companies Act, 2013, along with a non-refundable fee as specified in Schedule XI, with the concerned stock exchange for obtaining Observation Letter or No-Objection letter, before filing such scheme with any Court or Tribunal, in terms of requirements specified by the Securities & Exchange Board of India or concerned Stock Exchange from time to time. The listed entity shall place the letter of the stock exchange before the Tribunal at the time of seeking approval of the scheme of arrangement. The validity of such letter is six months from date of issue. On sanction of the scheme by the Tribunal, order needs to be filed with the Stock exchange. The listed entity shall ensure compliance with the other requirements as may be prescribed by the Securities & Exchange Board of India from time to time. MNP Ltd is advised to comply the requirements as suggested.