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of <h1>Key Definitions in SEBI Regulations 2015: Municipal Debt Securities, Issuer, and Offer Document Explained</h1> The Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015, outlines definitions for terms used in the context of municipal debt securities. Key definitions include 'Act' referring to the Securities and Exchange Board of India Act, 1992, 'advertisement' encompassing various forms of media communication, and 'Board' as the Securities and Exchange Board of India. It defines 'issuer' as municipalities or entities established under certain laws, and 'municipal debt securities' as non-convertible debt instruments. Other terms include 'designated stock exchange,' 'offer document,' 'private placement,' and 'public issue,' each with specific meanings related to the issuance and listing of municipal securities.
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