Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015 Chapter IV MUNICIPAL DEBT SECURITIES ISSUED ON PRIVATE PLACEMENT BASIS
Contents
Notifications
Forms
Rules & Regulations
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Preliminary placement memorandum rules require disclosures, due diligence certificates, and incorporation of regulatory comments before listing. Prior to a private placement of municipal debt securities proposed to be listed, the issuer must file a preliminary placement memorandum with the Board ... Summary
Preliminary placement memorandum rules require disclosures, due diligence certificates, and incorporation of regulatory comments before listing.
Prior to a private placement of municipal debt securities proposed to be listed, the issuer must file a preliminary placement memorandum with the Board and the stock exchange(s) through a registered merchant banker, together with the required disclosures and due diligence certificate. The Board may issue observations within fifteen days from the relevant latest date. The merchant banker must ensure that comments are incorporated before filing the placement memorandum, and the debenture trustee must furnish a due diligence certificate before the opening of private placement.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.