REQUIREMENTS FOR BOTH PUBLIC ISSUES AND PRIVATE PLACEMENT - Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015
REQUIREMENTS FOR BOTH PUBLIC ISSUES AND PRIVATE PLACEMENT - Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015
Minimum subscription period for municipal debt issues mandates brief open periods with extension for force majeure disruptions. Regulation 8 requires public issues of municipal debt securities to remain open for a minimum of three working days and permits the issuer to extend the ... Summary
Minimum subscription period for municipal debt issues mandates brief open periods with extension for force majeure disruptions.
Regulation 8 requires public issues of municipal debt securities to remain open for a minimum of three working days and permits the issuer to extend the disclosed bidding period, in cases of force majeure, banking strikes or similar circumstances, for a minimum additional period of three working days.
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