CONDITIONS FOR CONTINUOUS LISTING AND TRADING OF MUNICIPAL DEBT SECURITIESSecurities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015
CONDITIONS FOR CONTINUOUS LISTING AND TRADING OF MUNICIPAL DEBT SECURITIESSecurities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015
Dematerialisation requirement: issuers must use a registered depository to effect municipal debt securities issuance and holdings. Issuance of municipal debt securities must occur in dematerialised form: the issuer is required to enter into an arrangement with a depository that is ... Summary
Dematerialisation requirement: issuers must use a registered depository to effect municipal debt securities issuance and holdings.
Issuance of municipal debt securities must occur in dematerialised form: the issuer is required to enter into an arrangement with a depository that is registered with the securities regulator to effect dematerialisation in accordance with applicable depository law and its rules and regulations.
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