NSE and BSE Launch SOP to Speed Up Merger Approvals
Why in the news
On SEBI’s direction, NSE and BSE adopted an SOP effective 1 August 2025 to make scheme approvals quicker and predictable.
Key features
| Feature | Detail |
|---|---|
| Speed | 7 working days (earlier 3-5 months) |
| Mode | Digital filing only |
| Deadlines | Draft within 15 days of board nod; two chances to answer queries |
| Sequence | Exchange NOC or observation letter to SEBI, then NCLT |
Concerns
- NCLT stage remains slow; steps are sequential.
- No fixed SEBI deadline; rigid rules with no clear appeal route.
Exam angle
- Effective: 1 August 2025; mandated by SEBI; final sanction: NCLT.