Among others, the entities will have to furnish information pertaining to valuation report, audit committee report, shareholding pattern of the unlisted MII pre and post the implementation of the scheme of arrangement, and audited financials for the last three years. After receiving the application from the unlisted MII, SEBI will provide its observation letter or no-objection letter on the draft scheme. The regulator may seek clarifications from any person, including the unlisted MII, and may also seek an opinion from an independent chartered accountant.