Venture Intelligence (TSJ Media Pvt. Ltd.)
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AIFs told to approach Sebi before moving NCLT
Market regulator Sebi has directed alternative investment firms (AIFs) seeking change in control through a scheme of arrangement to file an application with it before approaching the National Company Law Tribunal (NCLT). On receipt of the application, Sebi will provide in-principle approval which will be valid for three months. The validity of such in-principle approval will be for three months from the date of issuance, within which the relevant application shall be made to the NCLT.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.