Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015 Chapter V REQUIREMENTS FOR BOTH PUBLIC ISSUES AND PRIVATE PLACEMENT
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Issuer contribution requirement mandates internal resources or grants contribution for municipal debt security issuances under regulatory rules. Issuers of municipal debt securities must provide a twenty per cent. contribution of project costs for each issuance, to be met from internal resources or ... Summary
Issuer contribution requirement mandates internal resources or grants contribution for municipal debt security issuances under regulatory rules.
Issuers of municipal debt securities must provide a twenty per cent. contribution of project costs for each issuance, to be met from internal resources or grants in cash or kind, as an issuance condition applicable to both public issues and private placements.
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