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
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Minimum subscription requirement for municipal private-placement debt securities set at a reduced per-investor threshold effective immediately. Regulation 15 fixes a minimum subscription amount per investor for municipal debt securities issued on a private placement basis at Rupees ten lakh, ... Summary
Minimum subscription requirement for municipal private-placement debt securities set at a reduced per-investor threshold effective immediately.
Regulation 15 fixes a minimum subscription amount per investor for municipal debt securities issued on a private placement basis at Rupees ten lakh, serving as the operative per-investor subscription threshold for such privately placed municipal bonds.
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